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MORTPLAN Version 2.2 (c) COPYRIGHT 1984,85,86 - All Rights Reserved by MUSTANG SOFTWARE 3125 19th Street, Suite 162 Bakersfield, CA 93301-3118 (805) 395-0223 Page 1 ----- MORTPLAN Version 2.2 ----- MORTPLAN is distributed under the Shareware concept which means that you do not have to pay for it. You may make as may copies as you wish, give the program to anyone or do anything else you wish except sell it. If you find the program useful, you are asked to make a donation of $30.00 to the author. This is to help in recovering some of the cost of development and any further enhancements of this program and to encourage the development of additional programs. --- REQUIREMENTS --- IBM or compatible computer 128K of memory 1 diskette drive of any kind Mono or color display Printer if hard copy desired --- LIMITED WARRANTY --- THIS PROGRAM IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO DEFECTS IN THE PROGRAM OR DOCUMENTATION. ALTAVILLE SOFTWARE ASSUMES NO RISK AS TO QUALITY AND PERFORMANCE OF THE PROGRAM. SHOULD THE PROGRAM PROVE DEFECTIVE, YOU ASSUME THE ENTIRE COST OF ANY LOSS OF PROFIT OR ANY OTHER COMMERCIAL DAMAGE. SOME STATES DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU. THIS STATEMENT SHALL BE CONSTRUED, INTERPRETED, AND GOVERNED BY THE LAWS OF THE STATE OF CALIFORNIA. --- COPYRIGHT --- 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: - DO NOT - 1. Distribute the Program without this documentation; 2. Accept remuneration for the program; 3. Alter the program in any manner. Page 2 --- TABLE OF CONTENTS --- OVERVIEW ...................................... 3 DATA ENTRY KEYS ............................... 4 SPECIAL KEYS FOR OPTION 2 ..................... 4 NUMERIC INPUT ................................. 5 INPUT FIELD MAXIMUMS .......................... 5 MORTPLAN FILES ................................ 5 COMMENTS ...................................... 5 AMORIZATION CALCULATION I ..................... 6 AMORTIZATION CALCULATION II ................... 8 MORTGAGE COMPARISON ........................... 10 MORTGAGE PART ANALYSIS ........................ 11 CALCULATE LOAN PAYOFF ......................... 12 MULTI-YEAR MORTGAGE RATES ..................... 13 TECHNICAL SUPPORT ............................. 14 REGISTRATION FORM ............................. 15 Page 3 --- OVERVIEW --- MORTPLAN is a program of various amortization functions that can be selected from a main menu. Some of these funtions allow for the use of screen output as well as printed output. Each of these functions will be explained later in this manual. The program is menu driven for ease of use. To select one of the functions from the menu, enter the number of the desired funtion. It is NOT required that you press the enter key so 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. Below is a diagram of the main menu. -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 11:56:25 am | | ====================== | | | | | | | | 1. AMORTIZATION CALCULATION I | | 2. AMORTIZATION CALCULATION II | | 3. MORTGAGE COMPARISONS | | 4. MORTGAGE PART ANALYSIS | | 5. CALCULATE LOAN PAYOFF | | 6. MULTI-YEAR MORTGAGE RATES | | | | | | 9. EXIT THE PROGRAM | | | | | | | | | | ENTER NUMBER OF DESIRED SELECTION | | | | | -------------------------------------------------------------------- Page 4 --- DATA ENTRY KEYS --- The computer will put the cursor in the proper position for entering information in each field. The length of each field is marked by the [ and ]. You must enter information into each field except those labeled as optional. You will not be allowed to move beyond the left and right boundaries of each field. The following keys can be used for inputing data: The LEFT and RIGHT cursor control keys move the cursor anywhere within the boundary of the field. The BACKSPACE, INS and DEL keys move the same as in DOS. If you attempt to insert more characters than the field will allow, the computer will beep and INS is cancelled. The HOME key will move the cursor the beginning of the first input field of that screen. The END key will move the cursor to the last position of current the input field. The UP and DOWN cursor control keys move the cursor to the next field in the appropriate direction. The only exception to this rule is that you will not be allowed to move up from the first field until ALL required fields have been entered. You may use these keys the same way you would the ENTER key. The ENTER key will input the information and cause an edit to occur. If you hear the BEEP, you have made an error. The error message will be displayed on line 25 and the cursor will be repostioned at the beginning of invalid field. The F10 key will tell the computer that ALL information on the screen is OK and start processing the data. The F10 is only active when you see a message at the bottom of the screen indicating this fact. SPECIAL KEYS FOR OPTION 2 The PGUP and PGDN keys will page the screen up and down when you are in the ADDITIONAL PAYMENT section of option number 2. This is useful when looking at many years. The combination of the CTRL and the LEFT or RIGHT cursor control keys will move the cursor to the field in the next column in the appropriate direction. Page 5 --- NUMERIC INPUT --- When inputting numbers, you do NOT have to put the decimal point in if it is a whole number. You are allowed to insert commas in amount for clarity. Inputting the amount 81,450.75 will display much better and will be used correctly by the program. INPUT FIELD MAXIMUMS 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 ................... 35.000 Number of years ................. 40 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 ........... 1,000,000.00 Rate increment amount ........... 5.000 Number of payments .............. 480 Year decrement amount ........... 10 --- MORTPLAN FILES --- The following files are a part of the MORTPLAN package. The first two files are the only required ones. The last file is used to hold the random additional payment amounts and is created and updated by you when using option 2 from the main menu. You may have as many of these files as you would like. MORTPLAN.EXE - This is the compiled version of the program. MORTPLAN.DOC - This is the documentation file you are reading now. anyfiles.xxx - This file will contain the random additional payments and is named by you. ---- COMMENTS ---- ANY comments or suggestions about the program would be greatly appreciated. Send any comments or contributions to: MUSTANG SOFTWARE 3125 19th Street, Suite 162 Bakersfield, CA 93301-3118 Page 6 --- AMORTIZATION CALCULATION I --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 12:56:25 pm | | ====================== | | | | AMORTIZATION CALCULATION I | | | | R E Q U I R E D I N F O R M A T I O N | | | | Original loan amount .......... [$_ ] | | | | Interest rate ........................ [ %] | | | | Number of years ........................... [ ] | | | | Date of first payment ..... Month [ ] Year [ ] | | | | O P T I O N A L I N F O R M A T I O N | | | | Principal & Interest payment .. [$ ] | | | | Additional payments ........... [$ ] | | | | ESC will return you to the main menu | | | -------------------------------------------------------------------- This option will allow you to calculate the amortization payment schedule for a typical loan. You MUST enter information in ALL of the required fields. If you do not or you enter invalid information, the computer will beep, display an error message, and postion the cursor at the beginning of the invalid field. If an amount is entered in the principal and interest payment field the program will use that amount in calculating the schedule. If no amount is entered, the program will calculate the correct amount and complete the schedule. If an amount is entered in the additional payments field, it will be used for the ENTIRE schedule. If you wish to make DOUBLE PRINCIPAL payments, enter an * in the first position of the field. The field will then display DBL PRINCIPAL. To remove the *, enter 0.00 for the amount or delete the message. After the program has finished its calculations, the following summary screen will be displayed. You may then make a selection as to how you wish to continue. You may Print the schedule to your printer, Display the schedule to the screen, Modify the original information, or Return to the main menu. Page 7 -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 12:56:25 pm | | ====================== | | | | AMORTIZATION SUMMARY | | | | Original loan amount 81,000.00 | | | | Interest rate 12.000% | | | | P & I payment 833.18 | | | | Total interest 218,932.03 | | | | Number of payments 360 | | | | First payment AUG 1980 | | | | Last payment JUN 2010 | | | | (P)rint amortization detail (M)odify existing information | | (D)isplay amortization detail (R)eturn to the main menu | -------------------------------------------------------------------- --- WARNING MESSAGES --- If the amortization schedule finishes before the entered number of years, you will notice two blinking arrows pointing to the changed information and a message telling you the schedule has FINISHED EARLY NOTE CHANGES. If the principal and interest payment is not enough to completely pay off the loan at the end of the scheduled time, a blinking arrow will point to the number of payments and a message will tell you PAYMENT TOO LOW STILL A BALANCE. Page 8 --- AMORTIZATION CALCULATION II --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 1:56:25 pm | | ====================== | | | | AMORTIZATION CALCULATION II | | | | R E Q U I R E D I N F O R M A T I O N | | | | Original loan amount .......... [$_ ] | | | | Interest rate ........................ [ %] | | | | Number of years ........................... [ ] | | | | Date of first payment ..... Month [ ] Year [ ] | | | | O P T I O N A L I N F O R M A T I O N | | | | Principal & Interest payment .. [$ ] | | | | Report title .. [ ] | | | | ESC will return you to the main menu .... F10 if screen OK | | | -------------------------------------------------------------------- This option will also allow you to calculate the amortization payment schedule for a typical loan. The only difference from the first option is the ability to store on a file a set of RANDOM additional payments. This allows you to start doubling your principal payments at any point during the time of the loan or to pay a set amount for a while then discontinue paying the extra payment or to change it to another amount. The first screen displayed will ask for the name of the file. You may use paths in describing the name of the file. You are limited to 24 characters so don't get too wordy. If no file exists, a file will be created for you to enter your information into. You will then see the screen displayed above. Once again, You MUST enter information in ALL of the required fields. If you do not or you enter invalid information, the computer will beep, display an error message, and postion the cursor at the start of the bad field. All fields in this screen have the same function as in the previous option except the one titled Report title. This field is used if you wish the printed output to contain a customized title on the summary page. Page 9 -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 1:56:25 pm | | ====================== | | | | AMORTIZATION CALCULATION II | | | | 1980 1981 1982 1983 1984 | | | | AUG XXXXXXXXXX 0.00 0.00 0.00 0.00 | | SEP 0.00 0.00 0.00 0.00 0.00 | | OCT 0.00 0.00 0.00 0.00 0.00 | | NOV 0.00 0.00 0.00 0.00 0.00 | | DEC 0.00 0.00 0.00 0.00 0.00 | | JAN 0.00 0.00 0.00 0.00 0.00 | | FEB 0.00 0.00 0.00 0.00 0.00 | | MAR 0.00 0.00 0.00 0.00 0.00 | | APR 0.00 0.00 0.00 0.00 0.00 | | MAY 0.00 0.00 0.00 0.00 0.00 | | JUN 0.00 0.00 0.00 0.00 0.00 | | JUL 0.00 0.00 0.00 0.00 0.00 | | | | Enter new amount, if desired .... [$ ] | | | | ESC will return you to the main menu .... F10 if screen OK | | | -------------------------------------------------------------------- This screen will allow you to input the RANDOM additional payments. The first 60 payments of your schedule with the months in your order will be initially displayed with the first additional amount in reverse video. To change any of the amounts, move the indicator to the desired location and enter the new amount. The * will once again allow you to double the principal without knowing the exact amount. The single quote ' will copy the amount from the previous field so you can input a fixed amount in a rapid manner. To move to the next 60 payments, press the PGDN key or press the ENTER key after changing the last field on the screen. To move from one column to the next, hold the UP or DOWN key down or press the CTRL and LEFT or RIGHT key. When you are through changing the additional amounts, press the F10 key and the amounts will be saved to your file. The program will then calculate the amortization schedule and display the summary screen. From this screen you can Display, Print, Modify information or Return to the main menu. Page 10 --- MORTGAGE COMPARISON --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 2:56:25 pm | | ====================== | | | | MORTGAGE COMPARISON | | | | | | Original loan amount .......... [$_ ] | | | | Interest rate ........................ [ %] | | | | Number of years ........................... [ ] | | | | Loan increment amount ......... [$ ] | | | | Rate increment amount ......... [$ ] | | | | To the [P]rinter or [S]creen ............... [ ] | | | | | | ESC will return you to the main menu | | | -------------------------------------------------------------------- This option will allow you to compare a range of interest rates and a range of loan amounts at the same time. Depending on the size of the loan amounts, you will get five or six columns of loan amounts with 15 rows of rates displayed on the screen. If you select to print the information, you will get 25 rows of loan amounts and 16 columns of interest rates. If you wish to view the information on the screen before printing it, don't worry about having to reenter the information. The program will return to this screen again so you can change any of the information or now request the information to be printed. To return to the main menu, press the ESC key. Page 11 --- MORTGAGE PART ANALYSIS --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 3:56:25 pm | | ====================== | | | | MORTGAGE PART ANALYSIS | | | | | | Original loan amount ....... [$ _ ] | | | | Interest rate ....................... [ %] | | | | Number of years ........................... [ ] | | | | P & I payment ................. [$ ] | | | | | | | | | | | | | | Enter letter of desired calculation or X to exit | | | -------------------------------------------------------------------- This option will allow you to select which of the four mortgage parts you wish to calculate. To make your selection, enter the beginning letter of the desired part. After you have made your selection, the program will remove the input area for that part and allow you to enter the remaining three. Be patient, as some of the desired information may take a few seconds to calculate. The program will display PLEASE WAIT .... CALCULATING DESIRED INFORMATION when it is working. When finished, the program will display the desired information and also display the Total interest and the Number of payments. Pressing ANY key at this point will return you to the main menu. To exit this option. initially, press the letter X [upper or lower case]. To exit this option after selecting one of the mortgage parts to calculate, press ESC. Page 12 --- CALCULATE LOAN PAYOFF --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 4:56:25 pm | | ====================== | | | | CALCULATE LOAN PAYOFF | | | | | | Original loan amount .......... [$_ ] | | | | Interest rate ........................ [ %] | | | | Number of payments ....................... [ ] | | | | P & I payment ................. [$ ] | | | | | | | | | | | | | | ESC will return you to the main menu | | | -------------------------------------------------------------------- This option is useful if you have been paying on an existing loan for some period of time and would like to know how much the payoff would be. This option assumes that NO additional payments have been made. If this is the case, use options 1 or 2 to find the remaining balance of your loan. The number of payments made is based on 12 payments per year. DON'T enter the number of years you have been paying on the loan. After entering ALL required information, the program will calculate and display the Payoff amount and the Total interest paid to date. Pressing ANY key at this point will return you to the main menu. Page 13 --- MULTI-YEAR MORTGAGE RATES --- -------------------------------------------------------------------- | ====================== | | SEP-13-1985 | MORTGAGE PLAN 2.2 | 5:56:25 pm | | ====================== | | | | MULTI-YEAR MORTGAGE RATES | | | | | | Original loan amount .......... [$_ ] | | | | Interest rate ........................ [ %] | | | | Rate increment amount ................ [ %] | | | | Number of years ........................... [ ] | | | | Years decrement amount .................... [ ] | | | | To the [P]rinter or [S]creen ............... [ ] | | | | | | ESC will return you to the main menu | | | -------------------------------------------------------------------- This option will calculate the principal and interest payments for a set loan amount over multiple years and varying rates. The output can be directed to the screen or the printer. Notice that the years are changed by decrementing them while the interest rates are changed by incrementing them. Depending on the size of the principal and interest payment, you will get five or six columns of loan payments with 15 rows of rates displayed on the screen. If you select to print the information, you will get 25 rows of varying rates and a maximun of 10 columns of payments. If you wish to view the information on the screen before printing it, don't worry about having to reenter the information. The program will return you to this screen again so you can change any of the information or now request the information to be printed. To return to the main menu, press the ESC key. Page 14 --- TECHNICAL SUPPORT --- Customer satisfaction is very important to Mustang Software. We have tried to anticipate and respond to potential questions in this docu- mentation. However, we realize that, from time to time, unexpected situations may occur. Therefore, if you need additional assistance or information, you may do so via the following methods: 1. CompuServe (75236,3312) 2. Mustang Software (805) 395-0223 If your contact is by phone, please observe the following hours: Monday - Friday 7am - 9pm (PST)** Weekends 9am - 9pm (PST)** ** We DO NOT mind the phone calls, but please stay within these time parameters. Page 15 --- MORTPLAN REGISTRATION FORM --- Name: ___________________________________________ Company: ________________________________________ Address: ________________________________________ City: ________________ State: __ Zip: _________ Telephone: (____) ____-_______ Version: _______ Comments: Mail to: MUSTAGE Software 3125 19th Street, Suite 162 Bakersfield, CA 93301-3118