Fact Find Debt Calculator

Overview

This article explains how the Fact Find Calculator works and how it processes data from the Fact Find form to generate accurate financial calculations.

The calculator automatically computes results based on configured input fields, ensuring consistency, accuracy, and reduced manual effort for brokers.

Employment Section

Within the Employment section, the system performs the following calculations automatically:

• Each applicant’s after-tax salary is calculated automatically.
• The system calculates the combined after-tax income of all applicants.
• The combined income is displayed as a read-only field and cannot be manually edited.

Summary Page

The Summary page provides a consolidated view of key financial information for easy reference.

It displays:

• Combined income
• Other income (if applicable)
• Living expenses
• Net cash flow
• Additional key financial metrics

All values are pulled directly from the configured fields, replacing the previous manual entry process within the cash flow section. This ensures improved accuracy and consistency across calculations.

Calculator Enhancements

Total Monthly Expenses

The field previously labelled “Total Debt Amount” has now been updated to “Total Monthly Expenses” for improved clarity.

 

Calculator Graph

The repayment graph has been updated so that it now begins at Month 0 instead of Month 1, providing a more accurate visual representation of the repayment timeline.

 

PDF Export & UI Improvements

The following improvements have been made to the PDF export and graph display:

• Loan type now displays as “Remote” in the PDF
• Fixed an issue where the graph was breaking onto a new page
• Improved overall PDF layout stability and formatting across pages

 

 

Applicant Signature

Applicant signature fields have been added to the PDF export, allowing applicants to sign documents directly within the generated file.

 

Save & Reset Calculator Values

Save Custom Values

Users can modify calculator inputs to simulate different repayment scenarios.

• Users can manually adjust calculator values for testing purposes
• Modified values can be saved within the calculator
• This enables comparison of different repayment scenarios against Fact Find data

Note: It is recommended to use Fact Find values as the default. Manual overrides should only be used for scenario testing or comparison.

 

 

 

 

Reset Values

To restore original Fact Find values:

1. Click the Reset option in the calculator
2. The system will automatically reload the original Fact Find data
3. All manually entered or saved override values will be cleared
4. Repayment calculations will revert to the original configuration

 

 

 

Expenditure Requirement Section

Previous Behaviour

• Expenditures were automatically included in the buffer calculation by default

Current Behaviour

• Expenditures are now included in the buffer calculation only when the user selects “Yes”, indicating that the funds are intended to be borrowed

 

Need Help or Have Questions?

If you need any assistance with the Fact Find Calculator or would like further clarification, please contact our support team at support@effi.com.au.