Loan Consultant Help Contents
 The Loan Consultant Contents

To learn how to use Help, press F1.

The Loan Consultant is used to compute loan values. You can compute the price of a new item, annual interest rate, number of years financed, or monthly loan payment. For example you may want to estimate how much home you can afford based on a specific monthly payment. The Loan Consultant can compute the result, display a detailed payment schedule and print a copy of the of the loan information.

Getting Started...

Registration and Warranty

Setting up a New Loan

How To...

Enter a Calculated Value

Display the Payment Schedule

Print Loan Information

Change Format of Dollar Values


Registration and Warranty

The Loan Consultant, Version 1.0

Copyright © 1995, All rights reserved.

Registration

The Loan Consultant is free, no registration or payment is required. If you like the program then keep it and use as often as you wish. Please send your comments or suggestions to Ken Sellers on CompuServe at 71552,507.

WARRANTY

THIS SOFTWARE AND THE ACCOMPANYING FILES ARE PROVIDED "AS IS" AND WITHOUT WARRANTY (EXPRESSED OR IMPLIED). NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE IS OFFERED.

Ken Sellers

2500 Waterford Park Drive

Lawrenceville, GA  30244


Please try The Loan Consultant for 30 days. If you find the program useful and wish to continue using it then a registration fee of $15.00 is requested. Your payment entitles you to keep and use The Loan Consultant; provided the program is used on only one computer at a time. In addition, registering your copy will allow me to notify you about future releases. Please send your name, mailing address and e-mail ID along with a check or money order to:


Setting Up a New Loan

To Setup a New Loan

1.  Select the New option on the File menu.

2.  Choose the loan value to compute on the Loan menu.

3.  Enter the Description of the loan.

4.  Enter a Beginning date of the loan.

5.  Enter the required loan fields  to compute the value selected in step 2.

6.  Save the loan information by selecting the Save or Save As option on the File menu.

Note:

•   Enter interest rate values as the actual number. For instance 9.5% is entered as .095.

•   Monthly payments are generally represented as negative numbers. For example a monthly payment of $455.00 would be entered as -455.

•   The loan value is automatically computed once the required loan fields are entered.


Required Loan Fields

The value you choose to compute is specified in the left column of following table. The fields needed to compute the selected value are given on the top row of the table. Where the two meet indicates whether the field (in the top row) is required for the calculation.

	Price of new item	Amount of down payment	Annual interest rate	Number of years	Monthly payment
Price of new item	N/A	Optional	Optional	Required	Required
Annual interest rate	Required	Optional	N/A	Required	Required
Number of years	Required	Optional	Optional	N/A	Required
Monthly payment	Required	Optional	Optional	Required	N/A


Enter a Calculated Value

You can enter simple formulas into loan fields. For instance, you may wish to determine a down payment amount that is 20% of the price of a new home. If the price of the new home is $143,725 then you would enter 143725*.20 into the amount of down payment field. Press the = key and a resulting value of $28,745 is shown.

Notes:

•   You can use the drop down calculator by choosing the [image] button.

•   Pressing the Enter key has the same effect as pressing the = key.

•   Parenthesis ( ) are not supported in formulas.


Display the Payment Schedule

To Display the Payment Schedule

1.  Enter the desired loan information or Setup a New Loan.

2.  Select the Schedule! menu to generate and display the payment schedule.


Print Loan Information
Printing Loan Information

To Print Loan Information

1.  Enter the desired loan information or Setup a New Loan.

2.  Select the Print... option on the File menu.

3.  Choose the information you want to print.

Loan Summary	Prints the information in the Loan Consultants primary window.

Payment Schedule	Prints the payment schedule for the loan. The printed payment schedule is identical to the information shown when you Display the Payment Schedule.

4.  Choose the OK button to begin printing.

Note:  You can change the default printer by selecting the Print Setup... option on the File menu.


Change Format of Dollar Values

By default, the program displays both dollars and cents. However, you may want to display values rounded to the nearest dollar.

To change to display format

1.  Select the Options... option on the Loan menu.

2.  Clearing the Show cents with dollar values  will display only dollar values rounded to the nearest dollar.

3.  Choose the OK button to accept the change.

Of course, the values are stored exactly as entered so that the accuracy of the computed values are maintained.