Start the Advanced Calculator
The easier to use Mortgage Calculator compares the Green Account to an alternative traditional mortgage.
Our Advanced Calculator is more robust and more complex than the Green Account Mortgage Calculator. It allows the user to input more detailed variables to compare results of Green Account usage to a combination of alternative traditional mortgage, loan, checking and savings accounts.
| Green Account - Advanced Calculator Instructions |
Please input appropriate responses to all fields in each screen on this calculator. In some circumstances, if certain variable are left blank, results may not be calculated correctly.
Complete each step, then move on to the next section of the Calculator. After completing all appropriate input variables, press the 'Calculate' button for your results.
You may go back to any section to revise or add input information, and press Calculate again for updated results. Occasionally, when input variable are modified several times, the calculator may not perform correctly. In that case, press the 'Clear' button to begin anew.
Note: The Green Account Advanced Calculator opens with a help screen on the right panel providing information for each input variable. You may input variable values at the bottom of each help screen, or directly on the input variable insertion box on the left panel. After clicking 'Calculate', the help screen is replaced by a results panel. To view the help screen again, press the 'Help' button in the left panel.
Step 1: Mortgage Information
Green Account - Input information about your property and your choice of Green Account loan options. Most recently available Green Account index values, margins and interest rates will be shown and used in this illustration, based on your input data. Yours may be different. After completing your Green Account information, click the Comparison button.
Comparison - Input values to best describe the terms of your comparison traditional mortgage: loan amount; term; amortizing or interest-only; fixed-rate or adjustable-rate.
When completed, click the 'Income' link in the left panel.
Step 2: Income Information
Input information regarding your current average monthly income, expectations for annual rate of increase in income, the interest rate you would expect to earn on balances in your traditional checking account; and your effective income tax bracket.
Note: At the top left of this and subsequent input pages, the "Include" field is checked (Yes). When checked (Yes), the details of the Income, Savings, Loan and/or Loan Origination Costs sections of the calculator are included in the illustration. Savings are assumed to be deposited into your Green Account in the amounts, times and frequency you indicate, other loan amounts and costs are assumed to be paid off and added to the Green Account as a new advance. These amounts are also included and separately tracked for the comparison. If not checked (No), the details are grayed out, and will be ignored and not included in the illustration for either the Green Account or the comparison.
When completed, click the 'Savings' link in the left panel.
Step 3: Savings Information
This section is used for input of all additional payments to be made to the Green Account. Information for multiple accounts can be modeled: regular monthly overpayment; savings to be transferred into the Green Account at time of loan origination; regular periodic savings; annual bonuses; one time future amounts (maturing investment); as well as future reductions of savings (e.g., withdrawals during retirement).
Initial - Input the amount of any savings that you will initially transfer into your Green Account.
Also, you are asked to input your anticipated overall average savings rate of return (average APY). The Calculator cannot separately model multiple different individual savings account rates.
Regular - This section is used to model periodic or regularly recurring savings contributions. You may input information for several different savings amounts and frequencies, each with different amounts, frequencies, start and stop months, and annual rate of increase to savings amounts.
Use this section for: (1) regular mortgage overpayment amounts; (2) regular contributions to savings accounts; (3) expected additional savings from bonuses; (4) amounts to be saved from non-included investments or other income; etc.
Note: Input data for each regular savings occurrence (or other savings/loan occurrence in subsequent screens) is not saved and made part of the calculation until/unless the "Add" button is pressed. After it has been added, you can input another occurrence, or click on the occurrence number to view/edit and replace your input data or to remove an occurrence.
Lump - Use this section to input information about one or more one-time expected savings contributions. For example, you may expect a Certificate of Deposit or other investment to mature at some point in the future, and plan to transfer it to your Green Account.
Spend - Use this section to model anticipated future withdrawals from savings. For example, you may be regularly saving funds into your Green Account for several years, then plan on having monthly or quarterly withdrawals beginning after your retirement.
Note: You can always withdraw funds from a Green Account, and even increase its outstanding balance up to your Credit Limit. However, for the comparison results to be accurate, you must have saved at least as much as you will be withdrawing (accumulating negative comparison savings balances will have inaccurately displayed results).
Step 4: Loan Information
You can analyze the impact using the Green Account's available credit to pay off your credit card account balances and/or other loans (either at time of opening the Green Account or at some anticipated future time). Multiple loan data can be input.
Step 5: Loan Origination Costs
Discount points and other loan origination and closing costs for the Green Account and/or the comparison mortgage can be paid in cash at time of closing, or can be financed (added to the loan balance). If included, you can model the impact of financing loan origination costs for either or both mortgages in this section.
Step 6: Calculate
After completing all input fields, press the 'Calculate' button. A chart comparing the remaining Green Account loan balance to your alternative Net Total Debt, and summary results information will appear in the right panel.
Step 7: Saving
After pressing the Calculate button, click on the 'Saving' link in the right panel to show summarized results of finance charges and time to fully repay your Green Account to your alternative traditional accounts' results.
Step 8: Details
Click the 'Details' link in the right panel to view month by month, or year by year data about the Green Account and your alternative traditional accounts, displaying: Mortgage payments; Loan payments (on your other included debts); Net savings amount; Net interest expense; Net total interest expense to date; End of month total net debt; and applicable Mortgage interest rate.
Start Over?
Click on the 'Clear' button in the left panel to erase all prior input values and start a new Advanced Calculator comparison.
Start the Advanced Calculator
Note: A "Flash"-capable web browser is required to use the Green Account Mortgage Calculator or Advanced Calculator. Click here for free download of the Macromedia Flash Player (you will be leaving the pacifictrustbank.com web site)
All Green Account Calculator interest rates and calculation results are illustrative examples, and not an offer to originate loans. Please contact Pacific Trust Bank for currently offered interest rates, margins, rate adjustment frequency, and Index options appropriate for your Green Account home loan.
The Next Step
To see if a Green Account is right for you, or to find out more information, talk over your home financing needs with a Pacific Trust Bank loan officer. We're here to help. Call us toll-free at (877) 441-BANK.
To request via e-mail additional information about Pacific Trust Bank's loan programs, please Click Here.
Pacific Trust Bank is an equal housing lender.
