Manual

U SER ’ S G UIDE — 69
(Cont’d)
STEPS KEYSTROKES DISPLAY
4. Find the First Five EB P-A-P Payments:
Find 1st year payment e 750.00
Find 2nd year payment e 787.50
Find 3rd year payment e 826.88
Find 4th year payment e 868.22
Find 5th year payment e 911.63
5. Find 5-year EB P-A-P Savings (with no ROI% applied), 5-year
ROI% Savings (based on entered ROI%), and Total Cost:
Display savings/ROI%
range e 1-5
Find savings (no ROI%) e 18,108.80*
Display stored ROI% e 7.00
Find ROI savings e 22,479.57*
Display range for
EB P-A-P calculations e 1-23
Find total principal/interest e 688,901.46*
Find total interest e 388,901.46
Display balance at end
of range e 0.00
6. Find Start Payment for Year 1, Interest-Only Payment, 30-Year and
15-Year Payments (based on EB P-A-P Note%), and EB P-A-P
Deferred Interest:
Display start payment s e 750.00
Find interest-only payment e 865.38
Find 30-yr payment e 1,048.82
Find 15-yr payment e 1,390.52
Find deferred interest e 115.38
*Note that, in this example, the total cost of the EB P-A-P loan is lower than the fixed-
rate loan, and the initial savings is still significant, at over $18K.
EB P-A-P calculations may take several seconds.
IMPORTANT: Be sure to change the P-A-P Recast setting via
the Preference Settings if you’re calculating a P-A-P loan with a
recast period different than the default of 10 years for a Zero-
month P-A-P zero loan. See Preference Settings.
In addition, to change the display of P-A-P payments (i.e., to
display all payments instead of just displaying the first five
payments), see the Preference Settings.