Member First Mortgages – Car Loans|Personal Loans|Home Improvement Loans|Dundrum|Sandyford|Ballinteer

1. Your Income

Tell us about your salary and other income.

Gross Annual Income*

Net Monthly Salary After Tax*

Second Applicant's Gross Annual Income

Second Applicant's Net Monthly Salary After Tax

Do you receive any additional income(s)?

Yes

Does either applicant receive any additional income(s)?

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 Rent Paid

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 a credit card?

Yes

What is the outstanding balance on your credit card?

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Credit Card Balance Calculation

Do you have any children or dependants?*

Yes

Number of Dependants and/or Children*

Please enter any monthly childcare costs (if any)

Creche, childminder, etc.

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Monthly Liabilities Total

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Total Monthly Income

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Debt Service Ratio

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Total Monthly Commitments

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NDI for one Applicant

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NDI for two Applicants

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Required Monthly NDI per Application

Sum of NDI for one applicant and for two applicants

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Additional Monthly NDI per dependent

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Total Required NDI

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AVAILABLE NDI

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Maximum Debt Service Ratio (%)

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Maximum Monthly Repayment

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Maximum Monthly Repayment ECHO

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Maximum Allowable Monthly Repayment

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Maximum Monthly Repayment for Calculation

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NDI RULE LOGiC

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If Max monthly repayment is 0 or less

stop

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Else then Max Monthly Repayment

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Sum of NDI conditions

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DSR RUle Logic

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If Max monthly repayment is 0 or less

stop

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If DSR is greater than Maximum DSR

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Sum of DSR Outputs

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Both Rules Satisfied

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NDI Rule+ DSR Rule Divided by two

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

1=yes Anything else is a no

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Yes, NDI +DSR equals max repayment

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No, NDI +DSR does not equal max repayment

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

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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

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Difference of RUles (NDI-DSR)

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Show DSR

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Show NDI

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Lesser of Rules

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echo months

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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

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Maximum monthly Repayment for calculation

Echoes lesser of rules from NDI and DSR

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Available Equity

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

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Show Lesser of the rules DELETE

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Total GROSS Annual Income

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Max LTI

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Maximum Borrowing under LTI Rule

Max LTI times Total Annual Income

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Maximum Borrowing under LTV Rule

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Test for Lesser of LTI or LTV

LTI - LTV

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ECHO LTI

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

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ECHO LTV

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

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Maximum Borrowing (LTI versus LTV)

Lesser of LTI and LTV

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

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

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Test for lesser of Max Borrowings

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

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Echo Maximum Borrowing (LTI versus LTV)

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

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

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

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Maximum Borrowing Possible

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

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Borrow 12

1. Your Income

2. Commitments

NDI RULE LOGiC

DSR RUle Logic

Both Rules Satisfied

Lesser of Rules

Backend Calculation for reverse loan calc

How Much You Could Borrow

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

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