"**Property Cost**" and "**Interest Rate**"
are the only required fields to calculate a loan. The "**Loan Amount**"
is based on "**Property Cost**" minus "**Total Down Payment**"
so if no "**Down Payment**" is entered the loan
calculations are done on only the "**Property Cost**". Here is a full
explanation of the other fields:

"**Amount Already Saved**" is the amount of
money already saved to put towards the down payment.

"**Months to Save Down Payment**" is how long
you wish to take to save up the balance of the down payment that you have not
saved yet.

"**Check Frequency**" is how often you
receive your paycheck.

"**Check Amount**" is your net pay on each
check.

"**Percent of Payment to Cover**" is what
percentage of these expense this check will cover. By entering values other than
100% and recalculating you can calculate multiple incomes.

"**Interest Rate**" is the rate of interest
to base the loan calculations upon.

You may also enter Monthly, Weekly and Daily expenses to
calculate Disposable Income per check. Disposable Income will only be calculated
if a value is entered in "**Check Amount**".

NOTE: With the exception of expense descriptions, all
fields ** must** be valid numbers without Dollar Signs($). You will
encounter an error if you enter other than a valid number. These calculations
may vary from actual loans and should be used only as guidelines.

© 2001 Jeff LaForge. All Rights Reserved.