Person 1 Details
Person 2 Details This field is hidden when viewing the form
Calculate Button This field is hidden when viewing the form
Grant, Income, and Savings Calculations This field is hidden when viewing the form
Total Deposit
Including savings and any grants
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Mortgage Calculations - GROUP 1 This field is hidden when viewing the form
Group 1 Mortgage Payments per Period
Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12)
Key: P = Loan Amount (variable)
r = Interest Rate (5.45%)
t = loan term (30 years)
n = number of payments per year (12)
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Group 1 Annual Occupational Costs
Group 1 Annual Occupational Costs include: mortgage payments, rates, and body cooperate costs
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Mortgage Calculations - GROUP 2 This field is hidden when viewing the form
Group 2 Loan Amount
For Group 2 Programs, Shared Ownership Share (20% of property value) is subtracted from the mortgage
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Group 2 Mortgage Payments per Period
Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12)
Key: P = Loan Amount (variable)
r = Interest Rate (5.45%)
t = loan term (30 years)
n = number of payments per year (12)
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Group 2 Annual Occupational Costs
Group 2 Annual Occupational Costs include: mortgage payments, rates, and body cooperate costs
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Mortgage Calculations - GROUP 3 This field is hidden when viewing the form
Bridge Land Share
Calculating the share of the property owned by Bridge
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Group 3 Loan Amount
50% of the property value is subtracted from the loan amount for Group 3 Programs
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Group 3 Mortgage Payments per Period
Formula: (P * (0.0545 / 12)) / (1 - (1 + (0.0545 / 12))^(-1 * 30 * 12)
Key: P = Loan Amount (variable)
r = Interest Rate (5.45%)
t = loan term (30 years)
n = number of payments per year (12)
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Group 3 Annual Occupational Costs
Group 3 Annual Occupational Costs include: mortgage payments, rates, body cooperate and ground lease
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Max Income Threshold Brackets This field is hidden when viewing the form
Results This field is hidden when viewing the form
Qualification Rating for Group 1 Ownership Programs
This rating system assists with conditional logic for calculations. With a rating of 1 meaning they don't qualify (income is over max threshold), 2 meaning they could qualify (percentage of affordability does not meet requirements yet) and 3 meaning it seems they do qualify (percentage of affordability conditions are met).
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Qualification Rating for Group 2 Ownership Programs
This rating system assists with conditional logic for calculations. With a rating of 1 meaning they don't qualify (income is over max threshold), 2 meaning they could qualify (percentage of affordability does not meet requirements yet) and 3 meaning it seems they do qualify (percentage of affordability conditions are met).
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Qualification Rating for Group 3 Ownership Programs
This rating system assists with conditional logic for calculations. With a rating of 1 meaning they don't qualify (income is over max threshold), 2 meaning they could qualify (percentage of affordability does not meet requirements yet) and 3 meaning it seems they do qualify (percentage of affordability conditions are met).
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GROUP 1 PROGRAMMES
Freehold with No Assistance
First Home Loan This field is hidden when viewing the form
GROUP 2 PROGRAMMES
First Home Partner This field is hidden when viewing the form
GROUP 3 PROGRAMMES
Secure Home
Secure Home + First Home Loan 
