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┌────────────┐ │ MORTPLAN │ └────────────┘ Version 3.0 October 1988 (c) COPYRIGHT 1988 - All Rights Reserved MUSTANG SOFTWARE 3125 19th Street, Suite 162 Bakersfield, CA 93301-3118 (805) 395-0223 ┌─────────┐ ┌─────┴───┐ │ ──│ │o │────────────────── │ ┌─────┴╨──┐ │ Association of │ │ │─┘ Shareware └───│ o │ Professionals ──────│ ║ │──────────────────── └────╨────┘ MEMBER MORTPLAN Version 3.0 MORTPLAN is distributed under the Shareware concept which means that you may try the program to see if it meets your needs, and then make payment if you continue to find it useful. You may make as may copies as you wish, give the program to anyone you wish, but you may not sell it. If you find the program useful and you continue to use it, you must make payment of $50.00 to Mustang Software. Site licenses and a network version are available if needed, call for details. Registrations help to recover some of the cost of development and to finance further enhancements of this program. As a registered user you are eligible for automatic notification of program updates and enhancements. REQUIREMENTS IBM or compatible computer 256K of memory 1 diskette drive of any kind Monochrome or color display Printer if hard copy desired Warranty & Copyright Limited Warranty This product is provided "as is" without warranty of any kind. The entire risk as to the results and performance of the program is assumed by you. Should the program prove defective, you (and not Mustang Software or it's dealers) assume the entire cost of all necessary servicing, repair or correction. Further, Mustang Software does not warrant, guarantee, or make any representations regarding the use of, or the results of the use of the program in terms of correctness, accuracy, reliability, currentness, or otherwise; and you rely on the program and results solely at your own risk. Mustang Software cannot accept responsibility for system damage, loss of profit, or any other special, incidental, or consequential damages resulting from the use or inability to use this product. Mustang Software DOES warrant to the original licensee of a registered product that the program disk(s) on which the program is recorded be free from defects in materials and workmanship under normal use and service for a period of ninety (90) days from the date of delivery as evidenced by a copy of your receipt. Mustang Software's entire liability and your exclusive remedy shall be replacement of the disk not meeting Mustang Software's Limited Warranty. Copyright MORTPLAN is copyrighted by Mustang Software. All rights reserved. Regardless of the method of marketing used, MORTPLAN is NOT in the "Public Domain". It is copyrighted by Mustang Software. However, we grant you the right, in fact ENCOURAGE you to make and distribute as many copies as you wish, using any acceptable medium of exchange, with the following restrictions: - LIMITATIONS - 1. DO NOT distribute the Program without this documentation; 2. DO NOT accept remuneration for the program; 3. DO NOT alter the program in any manner. Copying, duplicating, selling or otherwise distributing this product except as indicated above is a violation of the law. This manual is also copyrighted and all rights are reserved. SHAREWARE MARKETING What is shareware? Shareware is a marketing concept in which copyrighted software products are distributed by allowing duplication of the program for evaluation by interested parties. The program developer receives payment from the users after they have determined that the product meets their needs. The motivations for making payment for a shareware program are honest payment for a valuable software tool, desire for support, updates, enhancements and documentation, and finally to help encourage shareware authors to produce additional quality programs. What happens when I register? Mustang Software believes that a registration of one of our shareware products is a commitment of support from an end user. Every registration of every Mustang Software product is followed by an immediate acknowledgment and shipment of the latest version of the program and documentation. Orders are shipped UPS 2nd day air on the same day payment is received. Registration has additional advantages as well. Mortplan includes printed, expanded documentation, a personal registration number for serializing your copy with your company name, and updates at low or no cost. Registered users are placed on our mailing list and receive automatic notifications of all updates and future product releases. Will my registration matter? YES! Mustang Software employs Programming, Technical Support and Administrative Staff on a FULL TIME basis. Your registration ensures that we can continue to grow, improve our product, and be here when you call for support. Without registrations we could not remain in business to SERVE YOU! If MORTPLAN meets your needs as a loan analysis program, we encourage you to support the shareware concept by sending in your registration. See the Registration form at the end of this documentation for details. OVERVIEW MORTPLAN is a program of various amortization functions that can be selected from a main menu. Some of these functions allow for the use of screen output as well as printed output. Each of these functions will be explained later in this manual. When entering numbers in MORTPLAN you do NOT have to put in the decimal point when entering a whole number. You are allowed to insert commas during data entry in an amount for clarity, but they are automatically supplied by the program if omitted. Context sensitive help is available at many prompts, press F1 to activate the help screen. The following is a list of the maximum allowable input amounts for the fields on ALL of the screens you will see: Original loan amount ............ 99,999,999.99 Interest rate ................... 99.999 Number of years ................. 50 Month of first payment .......... 12 Year of first payment ........... 99 Principal & interest payments ... 99,999,999.99 Additional payments ............. 99,999,999.99 Report title .................... 30 characters Filename ........................ 24 characters Loan increment amount ........... .01 - 1,000,000.00 Rate increment amount ........... .001 - 10.000 Number of payments/yr (choices).. 1,2,3,4,6,12,24,26,52 Number of payments .............. 480 Year decrement amount ........... 10 To start MORTPLAN simply copy the entire contents of the program disk to another diskette or your hard disk and type MORTPLAN at the DOS prompt. If you have problems reading the display on a monochrome screen you may use the command MORTPLAN /M to force single color display. MORTPLAN is menu driven for ease of use. To select one of the functions from the menu, enter the letter of the desired function. It is NOT required that you press the enter key as the program will automatically take you to your selection. If you accidently hit the wrong key, don't worry, pressing the ESC key will always return you to the main menu. The next page contains a representation of the main menu. The MORTPLAN Main Menu Screen ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 3:56 pm │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ [ REGISTRATION NAME ] │ │ │ │ T ypical Mortgage Schedule │ │ A dditional Payment Schedule │ │ │ │ M ortgage Part Analysis │ │ C alculate Loan Payoff │ │ R ates vs Amounts Comparisons │ │ Y ears vs Rates Comparisons │ │ │ │ S et Printer Control Characters │ │ │ │ E xit the program │ │ │ │ │ │ │ │ ENTER THE LETTER OF THE DESIRED FUNCTION │ │ │ │ │ ╘══════════════════════════════════════════════════════════════════════════════╛ The Main Menu choices will be reviewed item by item in the order they appear on the menu. You select the desired menu option by pressing the highlighted letter of the menu option of your choice. TYPICAL MORTGAGE SCHEDULE The most common function of MORTPLAN may be the TYPICAL MORTGAGE SCHEDULE. Pressing T brings up the following screen: ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 11:03 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ R E Q U I R E D I N F O R M A T I O N │ │ Original loan amount ............ [$ 100,000.00] │ │ │ │ Interest rate .......................... [12.000%] │ │ │ │ Length of loan .......... Years [30] Months [ 0] │ │ │ │ Number of payments per year ................. [12] │ │ │ │ First payment ................ MM/DD/YY [ 2/ 5/88] │ │ │ │ O P T I O N A L I N F O R M A T I O N │ │ Principal & Interest payment .... [$ 0.00] │ │ │ │ Additional payments ............. [$ 20.00] │ │ │ │ ╓───┐ ALL ╓───┐ Return │ │ ║F10│ Items ║Esc│ to the │ │ ╚═══╛ Entered ╚═══╛ Menu │ ╘══════════════════════════════════════════════════════════════════════════════╛ Enter the information required for Loan Amount, Interest Rate, Length of Loan, Number of Payments and the date of the first payment. This is an appropriate time to remind you that the F1 key will give you HELP at any time, and that the F5 key can be used to clear the field if you make a data entry mistake. Of course you can also use the backspace key or delete keys to remove any single character, but F5 is very handy when you want to clear the entire field. The additional optional information is not required if you want MORTPLAN to calculate the required Principal and Interest payment for you. Entering an optional Principal & Interest payment will cause MORTPLAN to use that P & I payment amount for amortization calculations, and to adjust the term of the loan if needed. Entering Additional payments calculates the loan based on that additional payment being made EACH month, in addition to the regular P&I. Other MORTPLAN options allow a schedule of additional payments to be made throughout the loan. After entering the necessary information, the following screen is displayed: AMORTIZATION SUMMARY ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 11:03 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ AMORTIZATION SUMMARY │ │ │ │ Original loan amount 100,000.00 │ │ │ │ Interest rate 12.000% │ │ │ │ P and I payment 1,028.61 │ │ │ │ Total Interest 223,678.68 │ │ │ │ Number of payments 309 │ │ │ │ First payment Fri FEB 5, 1988 │ │ │ │ Last payment Sat OCT 5, 2013 LAST PAYMENT │ │ ADJUSTED!! │ │ │ │ P rint amortization detail M odify existing information │ │ D isplay amortization detail R eturn to Main Menu ... Esc │ ╘══════════════════════════════════════════════════════════════════════════════╛ As you can see, the P & I Payment was calculated and the last payment was adjusted due to the $20.00 additional payment made each month. Rather than taking 360 payments (30 years), the loan was paid in just 309 payments. At this point you have the option of Printing or Displaying the amortization detail, modifying the entered information if it was incorrect, or returning to the main menu. Once you have entered the information correctly and are satisfied, the amortization detail screen looks like the following: AMORTIZATION DETAIL ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 11:03 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ Original Loan: $ 100,000.00 Principal and Interest: $ 1,028.61 │ │ PYMNT INTEREST PRINCIPAL EXTRA PYMNT BALANCE │ │ 1 1,000.00 28.61 20.00 99,951.39 │ │ 2 999.51 29.10 20.00 99,902.29 │ │ 3 999.02 29.59 20.00 99,852.70 │ │ 4 998.53 30.08 20.00 99,802.62 │ │ 5 998.03 30.58 20.00 99,752.04 │ │ 6 997.52 31.09 20.00 99,700.95 │ │ 7 997.01 31.60 20.00 99,649.35 │ │ 8 996.49 32.12 20.00 99,597.23 │ │ 9 995.97 32.64 20.00 99,544.59 │ │ 10 995.45 33.16 20.00 99,491.43 │ │ 11 994.91 33.70 20.00 99,437.73 │ │ 12 994.38 34.23 20.00 99,383.50 │ │ │ │ FEB 5, 1988 thru JAN 5, 1989 │ │ ╓────┐ ╓───┐ ╓────┐ ╓────┐ ╓───┐ ╓───┐ │ │ ║Home│ FIRST ║End│ LAST ║PgDn│ NEXT ║PgUp│ PREV ║F10│ Pick ║Esc│ Exit │ │ ╚════╛ 12 ╚═══╛ 12 ╚════╛ 12 ╚════╛ 12 ╚═══╛ Year ╚═══╛ │ ╘══════════════════════════════════════════════════════════════════════════════╛ The above schedule shows the regular monthly payment of $1028.61 and then the additional $20.00 which was specified as an additional extra payment toward principal each month in our example. This has an affect on the amount subject to finance charges each month, and shortens the term. You may use the HOME & END keys to move from the first 12 payments to the last 12 payments in the schedule, or the PgUp/PgDn keys to page 12 payments at a time. Keep in mind that the screen displays PAYMENT NUMBERS, not years. Payment number 3 in the above example is Apr. 5, 1988 since the loan originated in February. You can easily view any "year" of a loan by using the F10 key, which asks for the year desired. The screen will then display the proper 12 payments which represent that calendar year in the life of the loan. In the example above, year 1 is 2-88 to 12-88, year 3 is 1-90 to 12-90, year 4 is 1-91 to 12-91. Pressing PgDn after using F10 to select year display will show detail based on calendar year boundaries until changed. ADDITIONAL PAYMENT SCHEDULE Next we will explore the ADDITIONAL PAYMENT SCHEDULE choice on the main menu. This selection is used if you want to make sporadic additional payments toward principal rather than an equal extra payment each month. You are prompted for the name of a file which contains the previously saved schedule of additional payments for your loan. These files can only be created or altered from within MORTPLAN. To create a new file, enter the filename of your choice and follow the data entry screens. The loan data cannot be edited once saved, but the associated additional payments data can be altered at will. An example loan file named SAMPLE is included with your MORTPLAN distribution program. To see the SAMPLE schedule, enter the word SAMPLE when prompted for the filename. ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ JUL 1, 1988 █ MORTPLAN 3.00 │ 5:46 pm │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ Additional Payment Schedule │ │ │ │ Pymnt # Date Amounts │ │ 8 OCT 9, 1988 $ Dbl Principal │ │ 9 NOV 9, 1988 $ 0.00 │ │ 10 DEC 9, 1988 $ Dbl Principal │ │ 11 JAN 9, 1989 $ Dbl Principal │ │ 12 FEB 9, 1989 $ Dbl Principal │ │ 13 MAR 9, 1989 $ 0.00 │ │ 14 APR 9, 1989 $ 0.00 │ │ 15 MAY 9, 1989 $ 0.00 │ │ 16 JUN 9, 1989 $ 66.00 │ │ 17 JUL 9, 1989 $ 0.00 │ │ 18 AUG 9, 1989 $ 45.00 │ │ 19 SEP 9, 1989 $ 0.00 │ │ │ │ ╓────┐ ╓────┐ ╓────┐ Move ╓────┐ ╓────┐ Move ╓───┐ Start ╓───┐ Exit │ │ ║Ctrl│+║PgUp│or║PgDn│ Full ║PgUp│or║PgDn│ one ║F10│ New ║Esc│ to │ │ ╚════╛ ╚════╛ ╚════╛ Year ╚════╛ ╚════╛ Page ╚═══╛ Calc ╚═══╛ Menu │ ╘══════════════════════════════════════════════════════════════════════════════╛ The entry screen for additional payments during the life of the loan is shown above. You may easily enter a double principal payment by placing an asterisk (*) in the Amount field. Keep in mind that double principal results in an ever increasing amount of additional payment. Each month the portion of the loan payment that goes toward principle increases, and so does the double payment amount. Toward the end of the loan this value comprises the higher percentage of the P&I amount. You may enter any amounts desired for any payment. If you want to make a standard additional monthly principal payment for every payment, that amount would more easily be entered on the TYPICAL mortgage schedule in the optional bottom section rather than here. When your additional payments have all been entered, press F10 to begin the calculation. MORTGAGE PART ANALYSIS This option allows you to calculate any of the four loan information items given the other three values. Select the unknown value, Original loan amount, Interest rate, Length of Loan or Principal & Interest payment and MORTPLAN will calculate the remaining value. After selecting the value to be calculated, a data entry screen for entering the known vales appears. Enter the requested items, remembering that F1 key will give you HELP at any time, and that the F5 key can be used to clear the field if you make a data entry mistake. Press F10 to begin calculating the unknown value. The screen will be updated with the requested information after a brief calculation. The entry screen with final re-calculation completed appears as follows: ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 4:00 pm │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ MORTGAGE PART ANALYSIS │ │ │ │ Original loan amount .......... [$ 100,000.00] │ │ │ │ Interest rate ........................ [12.000%] │ │ │ │ Length of loan ......... Years [30] Months [ 0] │ │ │ │ Principal & Interest payment .. [$ 1,028.61] │ │ │ │ Number of payments per year ............... [12] │ │ │ │ Total Interest .............. [$ 270,299.60] │ │ │ │ Number of payments ..................... [ 360] │ │ │ │ │ │ Press ANY key to start over ... Esc to exit. │ │ │ ╘══════════════════════════════════════════════════════════════════════════════╛ CALCULATE LOAN PAYOFF This option will calculate the principal balance given the number of payments previously made and the basic background loan information. The length of the loan is not required since the calculation assumes pre-payment. In addition to displaying the principal balance the total amount of interest paid to date is also calculated. ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 10:04 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ CALCULATE LOAN PAYOFF │ │ │ │ Original loan amount .......... [$ 100,000.00] │ │ │ │ Interest rate ........................ [12.000%] │ │ │ │ Number of payments per year ............... [12] │ │ │ │ Number of payments already made ........ [ 180] │ │ │ │ P & I payment ................. [$ 1,028.61] │ │ │ │ Payoff amount ............... [$ 85,707.01] │ │ │ │ Total Interest .............. [$ 170,856.81] │ │ │ │ │ │ Press ANY key to continue ..... Esc to exit. │ │ │ ╘══════════════════════════════════════════════════════════════════════════════╛ RATES VS AMOUNTS COMPARISONS This comparison feature is used to compare the payments (P & I) on a static term (perhaps 30 years) as the loan amount and interest rate vary. It might be used in a situation where you know that you will be interested in a standard 30 year loan, but need to know just how much you can borrow depending on the interest rate. You begin the comparison by entering the loan information on the following screen: ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 10:05 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ MORTGAGE COMPARISON │ │ │ │ Original loan amount .......... [$ 70,000.00] │ │ │ │ Interest rate ........................ [ 8.000%] │ │ │ │ Length of loan ......... Years [30] Months [ 0] │ │ │ │ Number of payments per year ............... [12] │ │ │ │ Loan increment amount .......... [$ 10,000.00] │ │ │ │ Rate increment amount ................ [ 0.500%] │ │ │ │ To the Printer or Screen ................... [S] │ │ │ │ ╓───┐ ALL ╓───┐ Return │ │ ║F10│ Items ║Esc│ to the │ │ ╚═══╛ Entered ╚═══╛ Menu │ ╘══════════════════════════════════════════════════════════════════════════════╛ The sample data above indicates that your loan will be a standard 30 year term and the comparison will begin with a low loan value of $70,000 and low interest rate of 8%. The loan amount will increase by $10,000 for each increment (six are displayed in the comparison, so this sample yields $70,000 - $120,000). The rate will increase by .5% for each increment (thirteen are displayed in the comparison, so this sample yields 8% - 14%). The final comparison is displayed as follows: COMPARISON DETAIL ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 23, 1988 █ MORTPLAN 3.00 │ 9:51 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ MORTGAGE COMPARISON │ │ │ │ 30 Years │ │RATES 70,000.00 80,000.00 90,000.00 100,000.00 110,000.00 120,000.00 │ │ 8.000 513.64 587.01 660.39 733.76 807.14 880.52 │ │ 8.500 538.24 615.13 692.02 768.91 845.80 922.70 │ │ 9.000 563.24 643.70 724.16 804.62 885.08 965.55 │ │ 9.500 588.60 672.68 756.77 840.85 924.94 1,009.03 │ │10.000 614.30 702.06 789.81 877.57 965.33 1,053.09 │ │10.500 640.32 731.79 823.27 914.74 1,006.21 1,097.69 │ │11.000 666.63 761.86 857.09 952.32 1,047.56 1,142.79 │ │11.500 693.20 792.23 891.26 990.29 1,089.32 1,188.35 │ │12.000 720.03 822.89 925.75 1,028.61 1,131.47 1,234.34 │ │12.500 747.08 853.81 960.53 1,067.26 1,173.98 1,280.71 │ │13.000 774.34 884.96 995.58 1,106.20 1,216.82 1,327.44 │ │13.500 801.79 916.33 1,030.87 1,145.41 1,259.95 1,374.49 │ │14.000 829.41 947.90 1,066.38 1,184.87 1,303.36 1,421.85 │ │ │ │ Press ANY key to continue. │ ╘══════════════════════════════════════════════════════════════════════════════╛ If the available monthly payment is between $825 - $850 you can easily find the combinations of rates and loan amounts that fit the budget. If interest rates are more stable perhaps an increment of .1 or .2 may display results that span the actual market trends better. After viewing the display, you press any key to return to the comparison data entry screen. You may make changes to the information and re-display revised comparisons with the F10 key. As indicated in the date entry screen, you may send this report to the printer by placing a P in the Printer/Screen selection field. YEARS VS RATES COMPARISONS This feature operates much like the Rates vs Amounts comparison. The differences is that in this comparison the Loan amount is kept constant while the interest rate and length of loan are altered. This comparison might be used if you have determined the loan amount, perhaps after a home has been selected, and need to determine the monthly payment required at various rates and terms. The data entry screen is as follows: ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 23, 1988 █ MORTPLAN 3.00 │ 9:55 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ YEAR COMPARISON │ │ │ │ Original loan amount .......... [$ 100,000.00] │ │ │ │ Interest rate ........................ [ 8.000%] │ │ │ │ Length of loan ......... Years [30] Months [ 0] │ │ │ │ Number of payments per year ............... [12] │ │ │ │ Rate increment amount ................ [ 0.500%] │ │ │ │ Decrement length ....... Years [ 2] Months [ 6] │ │ │ │ To the Printer or Screen ................... [S] │ │ │ │ ╓───┐ ALL ╓───┐ Return │ │ ║F10│ Items ║Esc│ to the │ │ ╚═══╛ Entered ╚═══╛ Menu │ ╘══════════════════════════════════════════════════════════════════════════════╛ The above data indicates that your Original loan amount will be stable at $100,000. Your low value for the interest rate will be 8% and will increase by .5% for each comparison. The high value for the length of the loan will be 30 years and will decrease by 2.5 years for each comparison. Again, you may want to restrain the rate starting point and increment to reflect a smaller range which more accurately reflects market trends. YEARS VS RATES DETAIL ╒══════════════════════════════════════════════════════════════════════════════╕ │ ▄ │ │ SEP 23, 1988 █ MORTPLAN 3.00 9:55 am │ │ █ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ MULTI-YEAR COMPARISON │ │ 100,000.00 │ │RATES 30 Yrs 27Y 6M 25 Yrs 22Y 6M 20 Yrs 17Y 6M 15 Yrs │ │ 8.000 733.76 750.43 771.82 799.64 836.44 886.22 955.65 │ │ 8.500 768.91 784.74 805.23 832.07 867.82 916.49 984.74 │ │ 9.000 804.62 819.62 839.20 865.05 899.73 947.24 1,014.27 │ │ 9.500 840.85 855.03 873.70 898.55 932.13 978.47 1,044.22 │ │10.000 877.57 890.94 908.70 932.54 965.02 1,010.15 1,074.61 │ │10.500 914.74 927.32 944.18 967.02 998.38 1,042.28 1,105.40 │ │11.000 952.32 964.13 980.11 1,001.95 1,032.19 1,074.84 1,136.60 │ │11.500 990.29 1,001.35 1,016.47 1,037.31 1,066.43 1,107.82 1,168.19 │ │12.000 1,028.61 1,038.95 1,053.22 1,073.09 1,101.09 1,141.21 1,200.17 │ │12.500 1,067.26 1,076.90 1,090.35 1,109.26 1,136.14 1,175.00 1,232.52 │ │13.000 1,106.20 1,115.18 1,127.84 1,145.80 1,171.58 1,209.16 1,265.24 │ │13.500 1,145.41 1,153.76 1,165.64 1,182.69 1,207.37 1,243.69 1,298.32 │ │14.000 1,184.87 1,192.62 1,203.76 1,219.90 1,243.52 1,278.58 1,331.74 │ │14.500 1,224.56 1,231.73 1,242.16 1,257.43 1,280.00 1,313.80 1,365.50 │ │ │ │ Press ANY key to continue. │ ╘══════════════════════════════════════════════════════════════════════════════╛ After viewing the results of your comparison, you may return to the data entry screen and make adjustments as desired. This report may also be sent to the printer by placing a P in the Printer/Screen selection field. SET PRINTER CONTROL This menu selection is used to tell MORTPLAN what printer control codes should be sent to your printer to tell it how to print the "special report" format. The special report makes use of the abilities of many narrow carriage printers to print 132 characters across a 8.5 inch page. In creating this format MORTPLAN makes use of DOUBLE WIDE EMPHASIZED characters for the report headings and CONDENSED characters for the body of the report. SET PRINTER CONTROL presents you with two screens in which to enter your printer's codes to turn these two functions on and off. In the example below, the first line of decimal ASCII codes are sent before the titles line, and the second line is sent afterward. The numbers 14, 27 and 69 represent ASCII 14 (SO, Shift Out) which starts Double-Wide, followed by ESC (ASCII 27), E (ASCII 69) which turns on Emphasized. The second line is the cancel code. ╒══════════════════════════════════════════════════════════════════════════════╕ │ ─────────────────┐ │ │ SEP 15, 1988 █ MORTPLAN 3.00 │ 10:08 am │ │ █ │ │ │ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ │ │ ╒══════════════════════════════════════════════════════╕ │ │ │ SET REPORT TITLES CONTROL CHARACTERS │ │ │ │ │ │ │ │ String for initializing report titles. │ │ │ │ [ 14][ 27][ 69][ 0][ 0][ 0][ 0][ 0][ 0][ 0] │ │ │ │ │ │ │ │ String for cancelling report titles. │ │ │ │ [ 20][ 27][ 70][ 0][ 0][ 0][ 0][ 0][ 0][ 0] │ │ │ │ │ │ │ │ Enter the printer control character combinations │ │ │ │ that your printer requires to create and cancel │ │ │ │ the type of character desired above. BE CAREFUL! │ │ │ │ │ │ │ │ F10 - When finished Esc - Exit │ │ │ ╘══════════════════════════════════════════════════════╛ │ │ │ │ ENTER THE LETTER OF THE DESIRED FUNCTION │ │ │ │ │ ╘══════════════════════════════════════════════════════════════════════════════╛ The default setup is for EPSON brand printers and most compatibles, and causes the report title to be printed in DOUBLE WIDE and EMPHASIZED font. If you have a printer that cannot emulate an EPSON, or if you want to enter your own printer's codes, you can locate them in your printer manual. When you have the codes for the report titles entered, press F10 to move on to the next screen for entering the codes for condensed mode used in the body of the report. If you are unsure of exactly what this section is about, you can simply avoid using the "special narrow" report format. Keep in mind that using the special report format without properly setting up for your printer will result in 132 characters printed across on a page without condensation, which causes a problem if you have a narrow carriage printer. See the following section on reports for additional information. PRINTED REPORTS Reports may be generated within MORTPLAN from several locations including the Typical mortgage schedule, Additional payments Schedule, Rates vs Amounts comparison and Years vs Rates comparison. Each report is formatted with the information clearly labeled in a manner similar to the screen output. In addition you may add a report title line with comments of your choice. The name of the registered owner of MORTPLAN may also be included if desired. Each report offers a choice of three standard formats. The first is the Generic Narrow Report which is designed for use with printers that only print text at 10 characters per inch (normal pitch) on 8.5 x 11 inch paper. These printers include many daisywheel and impact printers and some dot matrix printers with very restricted features. The second format is the Generic Wide Report which also prints text at 10 characters per inch, but assumes that the printer has a wide carriage and is loaded with paper that is 11 x 14 inches to accommodate 132 characters per line. The last report format is the Special Narrow Report which may be used with any printer capable of a compressed mode that prints 132 characters on paper that is only 8.5 inches wide. This is the only report that takes advantage of the codes in the SET PRINTER CONTROL option of MORTPLAN. It produces a report very similar to the Standard Wide Report, but does so on narrow paper. You should experiment with the reports which are supported by your printer to determine which meets your needs and liking. TECHNICAL SUPPORT Customer satisfaction is very important to Mustang Software and we have tried to anticipate and respond to potential questions in this documentation. We realize that from time to time unexpected situations may occur and additional support is needed. Therefore, if you find that you are unable to locate the answer to your question after reviewing this documentation, you may get additional support via the following methods: CompuServe (75236,3312) Mustang Software maintains a technical support section for all of our products in the PC Vendors forum (GO PCVEN), subtopic 9. Simply leave your question in a message and call back the following day for a response. Mustang Software (805) 395-0223 The technical support staff at our office is available Monday - Friday from 9am-4:30pm PST to help answer your questions. MORTPLAN REGISTRATION FORM You may obtain a master copy of the latest Registered MORTPLAN version from Mustang Software by calling (805) 395-0223. Registration is $50 + $6 shipping and handling, and includes full technical support, notification and discounts on updates to the program, and a printed manual. VISA, MasterCard and American Express are accepted. You may also use the following registration for to mail in your payment if desired. Name: _______________________________________________________ -----> Note - MORTPLAN will be Registered to the name listed below. You may use a company or personal name up to 40 characters long. This information MUST be entered. Company or Reg. name: _______________________________________ Address: ____________________________________________________ City: ___________________________ State: ___ Zip: _________ Telephone: (_____) _____-________ Current Version: _________ Please send me _______ copies of MORTPLAN! _______ Payment is enclosed. _______ Charge to my credit card... ______ VISA ______ MasterCard ______ American Express Card # ___________________________________ Exp Date ________ Name on card _______________________________________________ Signature _______________________________________________ Mail to: MUSTANG Software 3125 19th Street, Suite 162 Bakersfield, CA 93301-3118INDEX /M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Additional Payments . . . . . . . . . . . . . . . 5, 7, 10, 11, 20 Amortization Detail . . . . . . . . . . . . . . . . . . . . . 8, 9 ASCII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Asterisk. . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Characters per inch . . . . . . . . . . . . . . . . . . . . . . 20 Commas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Compressed. . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Copyright . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 3 Data entry. . . . . . . . . . . . . . . . . . . . 5, 10, 12, 15-17 Decimal point . . . . . . . . . . . . . . . . . . . . . . . . . .5 Display . . . . . . . . . . . . . . . . . . . . . . . .2, 5, 9, 15 Distribution. . . . . . . . . . . . . . . . . . . . . . . . . . 10 Double principal. . . . . . . . . . . . . . . . . . . . . . . . 10 Double Wide . . . . . . . . . . . . . . . . . . . . . . . . 18, 19 Emphasized. . . . . . . . . . . . . . . . . . . . . . . . . 18, 19 Entering numbers. . . . . . . . . . . . . . . . . . . . . . . . .5 Epson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ESC . . . . . . . . . . . . . . . . . . . . 5, 7-10, 12-14, 16, 18 Help. . . . . . . . . . . . . . . . . . . . . . . . . .2, 4, 5, 21 Input amounts . . . . . . . . . . . . . . . . . . . . . . . . . .5 Main Menu . . . . . . . . . . . . . . . . . . . . . . .5, 6, 8, 10 Maximum . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Memory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 Monochrome. . . . . . . . . . . . . . . . . . . . . . . . . . 2, 5 Narrow. . . . . . . . . . . . . . . . . . . . . . . . . . . .18-20 Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Payment numbers . . . . . . . . . . . . . . . . . . . . . . . . .9 Payoff. . . . . . . . . . . . . . . . . . . . . . . . . . . .6, 13 Pre-payment . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Printer control . . . . . . . . . . . . . . . . . . . . .6, 18, 20 Rate increment. . . . . . . . . . . . . . . . . . . . . .5, 14, 16 Rates vs Amounts. . . . . . . . . . . . . . . . . . . . 14, 16, 20 Registration. . . . . . . . . . . . . . . . . . . . . . . 4, 6, 22 Reports . . . . . . . . . . . . . . . . . . . . . . . . . . 19, 20 Requirements. . . . . . . . . . . . . . . . . . . . . . . . . . .2 Shareware . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 4 Support . . . . . . . . . . . . . . . . . . . . . . . . .4, 21, 22 Technical Support . . . . . . . . . . . . . . . . . . . . . 21, 22 Typical Mortgage Schedule . . . . . . . . . . . . . . . .7, 11, 20 Updates . . . . . . . . . . . . . . . . . . . . . . . . . 2, 4, 22 Warranty . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Wide. . . . . . . . . . . . . . . . . . . . . . . . . . 18, 19, 20 Years vs Rates. . . . . . . . . . . . . . . . . . . . . 16, 17, 20