uat Calculator Admin

Edit Calculator

Name

FileName

Width

Height

Custom

<calculator>
 <whereCanIBuy>
 <State index="0" />
 
 <FHOGAmount type="num" default="30000" min="1000" max="2000000" step="1000" />
 <Deposit type="num" max="1000000" default="1000" min="1000" step="1000" />
 <PropertyValue type="num" default="30000" min="1000" max="2000000" step="1000" />
 <FHOGEligible value="False" />
 <PropertyType value="House" />
 <FHOGAmountForm label="Loan Amount" />
 <DepositForm label="Deposit Available" />
 <PropertyValueForm label="Property Value" />
 <PropertyTypeForm label="Property Type" />
 <FHOGEligibleForm label="First Home Owners Grant" />
 <StateForm label="State" />
 <RegionForm label="Region" />
 <LoanAmountRanges value="0,1000000,2000000,5000000,2000000" />
 <LoanAmountValues value="10000,50000,200000,500000" />
 <LoanAmountInputMax value="10000000" />
 </whereCanIBuy>
 <borrowingPower>
 <RoundTo type="num" default="1000" min="100" max="1000" />
 <RoundAbove type="num" default="1000" min="100" max="10000" />
 <LoanAmount type="num" default="300000" min="0" max="10000000" step="1000" />
 <LowestLoan type="num" default="1000" min="100" />
 <InterestRate type="num" default="6.25" max="20" min="0" step="0.25" />
 <LoanTerm type="num" default="25" min="3" max="30" step="1" />
 <NoOfDependants type="num" max="10" default="0" min="0" step="10" />
 <Salary1 type="num" default="4000" min="0" max="5000000" step="100" />
 <Salary2 type="num" max="5000000" step="100" default="1000" min="0" />
 <OtherNetIncomeFreq type="list">Weekly,Fortnightly,Monthly,Annually</OtherNetIncomeFreq>
 <OtherRepaymentFreq type="list">Weekly,Fortnightly,Monthly,Annually</OtherRepaymentFreq>
 <AnnualExpensesSingle type="list" value="16460,22607,28423,34239,40056">16460,22607,28423,34239,40056</AnnualExpensesSingle>
 <AnnualExpensesJoint type="list" value="23930,29746,35562,41379,47130">23930,29746,35562,41379,47130</AnnualExpensesJoint>
 <Assumption1 type="num" default="100" max="100" min="0" step="0.25" />
 <Assumption2 type="num" default="16460.60" max="1000000" min="11400" step="1000" />
 <DependantExpense type="num" default="2880" max="1000000" min="2880" step="1" />
 <Assumption3 type="num" default="1.5" max="8" min="1.5" step="0.25" />
 <Assumption4 type="num" default="3" min="1.5" max="8" step="0.25" />
 <OtherNetIncome default="1000" min="0" max="5000000" step="100" />
 <OtherLoanRepayment default="0" min="0" max="10000" step="100" />
 <CreditCardLimit default="0" min="0" max="100000" step="1000" />
 <IsJointApplication value="Yes" />
 <YourIncomeFrequency value="Weekly,Fortnightly,Monthly,Annually" />
 <YourOtherExpensesFrequency value="Weekly,Fortnightly,Monthly,Annually" />
 <InterestRateForm label="Interest Rate" />
 <LoanTermForm label="Loan Period" />
 <NoOfDependantsForm label="Number of Dependents" />
 <Salary1Form label="Your Net Income" />
 <Salary2Form label="Partner's Net Income" />
 <OtherNetIncomeForm label="Other Net Income" />
 <OtherLoanRepaymentForm label="Loan Repayments" />
 <CreditCardLimitForm label="Credit Card Limit (all cards)" />
 <Assumption1Form label="Max % of Available Income" />
 <Assumption2Form label="Annual Expenses" />
 <DependantExpenseForm label="Extra Dependent Annual Expense" />
 <Assumption3Form label="Interest Rate Buffer" />
 <Assumption4Form label="Minimum Credit Card Repayment" />
 <IsJointApplicationForm label="Joint Application?" />
 <UserSalaryRangeWeekly min="0" max="10000" />
 <UserSalaryRangeFortnightly min="0" max="20000" />
 <UserSalaryRangeMonthly min="0" max="50000" />
 <UserSalaryRangeAnnually min="0" max="500000" />
 <PartnerSalaryRangeWeekly min="0" max="10000" />
 <PartnerSalaryRangeFortnightly min="0" max="20000" />
 <PartnerSalaryRangeMonthly min="0" max="50000" />
 <PartnerSalaryRangeAnnually min="0" max="500000" />
 <OtherNetIncomeRangeWeekly min="0" max="10000" />
 <OtherNetIncomeRangeFortnightly min="0" max="20000" />
 <OtherNetIncomeRangeMonthly min="0" max="50000" />
 <OtherNetIncomeRangeAnnually min="0" max="500000" />
 <IncomeStepRanges value="0,10000,30000,50000" />
 <IncomeStepValues value="100,1000,5000" />
 <IncomeInputMaxValue value="5000000" />
 <AssumptionText type="cdata"><![CDATA[
 Calculator InformationThe Borrowing Power Calculator calculates the maximum amount of loan available based on the income and expenses entered. Default values provided assist in giving an estimate of the expenses and other factors which may determine the amount
 ]]><![CDATA[
 available for a loan. Calculator AssumptionsExpense Details and Default Values a) Default core expense annual allowance - borrower assumed to have core level of annual expense, depending on whether single or joint and the number of dependants, currently as below: No. dependants Single: Joint: 0 $16,460 $23,930 1 $22,607 $29,746 2 $28,423 $35,562 3 $34,239 $41,379 4 $40,056 $47,130 b) Default extra core expenses for more than 4 dependants - currently set at $2,880. c) Maximum percentage of income available - percentage of income available for paying expenses and servicing proposed borrowing, default currently set at 100%. d) Minimum Monthly Credit Card Repayment - percentage used to calculate minimum monthly repayment on credit card, default currently set at 3% Loan Details a) Interest rate increase allowance buffer - calculator has capability to assume a higher interest rate than the rate entered by a user when determining maximum amount that can be borrowed. This allows for affordability of possible rate increases under the loan. Current version of the calculator uses a default interest rate buffer of 1.5%. b) Rounding rules for amount of loan - the calculator has the ability to round the maximum loan amount. The default is usually the current setting of the lower $1,000. Note that the amount of loan is calculated using the interest rate entered, plus any interest rate buffer, and then the resulting loan amount is rounded as required. c) Interest rate for loan repayment - monthly repayment is calculated in respect of the rounded loan amount and using interest rate entered, not including any interest rate buffer. Length of Month All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days' interest dependent on the number of days in the particular month. Number of Weeks &amp; Fortnights in a Year One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366. Rounding of Amount of Each Repayment In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts.
 ]]></AssumptionText>
 </borrowingPower>
 
 <components>
 <IsLogoVisible value="false" />
 </components>
</calculator>

Preview Calculator

uat Calculator Admin

Global Settings > Clients > BE > Where Can I Buy View Merged XML View Loader Script