Valuation Analysis Report: Mortgage Calculator Section

The Valuation Report includes a quick Mortgage calculator that pre-populates data from estimates of property equity, taxes, insurance and prevailing loan rates. You can adjust many of those settings to get a more customized refinance estimate.

Refinance Estimation/Mortgage Calculation sections give you an opportunity to calculate property refinancing options (for Equity report) and mortgage loan amount (for Homebuyer report). Two types of parameters are used for the calculation:

• fixed parameters (for e.g., taxes, insurance): you can’t change the values for these parameters manually; the values are calculated based on financial data available in the open sources.
• non-fixed parameters (for e.g., loan amount, loan type, interest rate): you can add your custom values to these parameters and iMapp will re-calculate the payments values and ratio.

The sum of payments is displayed in Estimated Payment. The Principle & Interest vs Insurance vs Tax payments ratio is visualized in comparison pie chart with % value. When you change non-fixed parameters, the comparison % in the pie chart is re-calculated and the chart itself adjusts to the new values.