Capital Credit Union Mortgages – Car Loans|Personal Loans|Home Improvement Loans|Dundrum|Sandyford|Ballinteer

Topic

Lead Reference

Interest Rate

Monthly Interest

max-borrowing

Number of Applicants(Required)

One

Two

What is your date of birth?(Required)

What is the second applicant's date of birth?

Applicant 1 Age in Months

Applicant 2 Age in Months

DIFFERENCE OF AGE

Applicant 1 less applicant 2

Show if Applicant 1 is older or the difference is 0

This activates if: 1 applicant The difference of ages of two applicant is a minus integer (meaning applicant 2 is older) The difference in age between two applicants is 0 The value is applicant 1's age who assumes priority on basis of juniority or sole applicant or no difference in age.

Show if Applicant 2 is older

This activates if: The difference of ages of two applicant is a positive integer (meaning applicant 2 is younger) The field is only activated on two applicants. Their age is used as term length in the following field

MAximum Allowable Term of Mortgage

Set at 35 Years

Maximum term length of mortgage (months) BEFORE Max Term

Uses max-borrowing-term class and a retirement age of 66

Difference of terms

35 years less Max term

Max term under 35 years Echo

Shows if max term is less 35 years

35 years Echo

Shows if max term is 35 years

Maximum term length of mortgage (months)

Uses max-borrowing-term class and a retirement age of 66

Max Term Back into Years

Are you a first time buyer?(Required)

Yes

No

Are both applicants a first time buyer?(Required)

Yes

No

First time buyer control

sums questions - 1 means a first time buyer

What do you anticipate your deposit will be?(Required)

First Time Buyer LTV

NOT First Time Buyer LTV

MAX LTV

Living Situation(Required)

Home Owner

Private Tenant

Local Authority Tenant

Living with Parents

Other

Monthly Rent Paid

We are sorry but we cannot complete a calculation based on your responses.

Why not get in touch with us to discuss your options?

Email: info@capitalcu.ie

Phone: 01 299 0400

What is the value of the property you already own?(Required)

Are you currently repaying a mortgage?(Required)

Yes

No

How much is your monthly mortgage repayment?(Required)

What is the remaining balance of your mortgage?(Required)

Have you any savings you would like to offer as equity for an application?(Required)

Yes

No

Please enter the total amount of your savings you would like to offer as equity:

1. Your Income

Tell us about your salary and other income.

Gross Annual Income(Required)

Net Monthly Salary After Tax(Required)

Second Applicant's Gross Annual Income

Second Applicant's Net Monthly Salary After Tax

Do you receive any additional income(s)?

No

Yes

Does either applicant receive any additional income(s)?

No

Yes

Additional Incomes

Please list additional incomes and the monthly amount received from them here. Use the "+" symbol to add more income types.

Income Type

Monthly Amount

2. Commitments

Tell us a little about your fixed monthly outgoings.

Monthly Liabilities

These are fixed payments you make every month such as insurance, PCP, loan repayments etc. but not rent or mortgage repayments. You can add as many as necessary by clicking the "+" icon.

Expense Type

Monthly Amount

Do you have any children or dependants?(Required)

No

Yes

Number of Dependants and/or Children(Required)

Please enter any monthly childcare costs (if any)

Creche, childminder, etc.

Monthly Liabilities Total

Total Monthly Income

Debt Service Ratio

Total Monthly Commitments

NDI for one Applicant

NDI for two Applicants

Required Monthly NDI per Application

Sum of NDI for one applicant and for two applicants

Additional Monthly NDI per dependent

Total Required NDI

AVAILABLE NDI

Maximum Debt Service Ratio (%)

Maximum Monthly Repayment

Maximum Monthly Repayment ECHO

Maximum Allowable Monthly Repayment

Maximum Monthly Repayment for Calculation

NDI RULE LOGiC

If Max monthly repayment is 0 or less

stop

Else then Max Monthly Repayment

Sum of NDI conditions

DSR RUle Logic

If Max monthly repayment is 0 or less

stop

If DSR is greater than Maximum DSR

Sum of DSR Outputs

Both Rules Satisfied

NDI Rule+ DSR Rule Divided by two

Is (NDI Rule+ DSR Rule Divided by two) the same as Max Repayment?

1=yes Anything else is a no

Yes, NDI +DSR equals max repayment

No, NDI +DSR does not equal max repayment

Sum of Yes and No (both rules satisfied or not)

Lesser of Rules

Show lesser of NDI Rule or DSR Rule. If NDI is > DSR then difference is greater than 0 so show DSR If 0 then show DSR (it doesn't matter as they're both the same) If less than zero then DSR

Difference of RUles (NDI-DSR)

Show DSR

Show NDI

Lesser of Rules

echo months

Backend Calculation for reverse loan calc

If both rules satisfied is yes (1) then show the maximum monthly payment for calculation If both rules satisfied is No (0) show the lesser of the rules

Maximum monthly Repayment for calculation

Echoes lesser of rules from NDI and DSR

Available Equity

Will be hidden. Formula is (Home value less mortgage balance) plus any savings offered as equity or deposit for first timers.

Show Lesser of the rules DELETE

Total GROSS Annual Income

MAX LTI If First Time Buyer

MAX LTI If NOT First Time Buyer

Max LTI

Maximum Borrowing under LTI Rule

Max LTI times Total Annual Income

Maximum Borrowing under LTV Rule

Test for Lesser of LTI or LTV

LTI - LTV

ECHO LTI

If Test for Lesser of LTI or LTV is minus integer or 0 then LTI is echoed

ECHO LTV

If Test for Lesser of LTI or LTV is positive integer then LTV is echoed

Maximum Borrowing (LTI versus LTV)

Lesser of LTI and LTV

Maximum Borrowing (based on lesser of rules and maximum term)

PV Calculation using maximum term and maximum monthly repayment (lesser of rules)

Test for lesser of Max Borrowings

Maximum Borrowing (LTI versus LTV) less Maximum Borrowing (based on lesser of rules and maximum term)

Echo Maximum Borrowing (LTI versus LTV)

If Difference from test of lesser of Max Borrowings is 0 or less than 0

ECHO Maximum Borrowing (based on lesser of rules and maximum term)

If Difference from test of lesser of Max Borrowings is greater than 0

Maximum Borrowing Possible

The lesser of LTI and LTV or the lesser of NDI and DSR Rule

Borrow 12

We are sorry but we cannot complete a calculation based on your responses.

Why not call us on to discuss your options?

(01) 851 3400.

How Much You Could Borrow

Based on your responses, the maximum borrowing you could afford is € over a term of years.

Get a call back

Mortgage

credit union id

Name(Required)

First Last

Email(Required)

Phone(Required)

Are you applying to finance:

Remortgaging existing residence

Moving to a new residence

Renovating an existing residence

Other

What is the BER rating of the property you wish to buy?

What is the BER rating of your home?

Are you a member?(Required)

Yes

No

Please fill in your membership number:

Don't worry if you don't have this to hand.