How to Use the Mortgage Calculator
ACCESS by Cashew comes with a suite of built-in calculators to help you and your clients make informed decisions: a Mortgage Calculator, Affordability Calculator, Refinance Calculator, and Reverse Affordability Calculator. In this guide, we'll walk you through the Mortgage Calculator, which is built right into the package browsing experience so you can crunch numbers without ever leaving the page.
Image 1: Cashew’s Mortgage Calculator
Step 1: Open a Mortgage Package
Start by browsing available mortgage packages in ACCESS by Cashew. When you find one you'd like to explore, click into it, then select ‘ Open in Mortgage Calculator’.
Image 2: Finding the mortgage calculator within each mortgage package.
Step 2: Review Your Loan Details
Once you open the Mortgage Calculator, you'll notice that the loan amount and tenure you entered earlier are already populated. No need to re-enter anything. If you want to adjust the figures, you can update them here before moving on. Then click on ‘Calculate Payments’ to see the results.
Image 3: Rechecking your client’s inputs (loan amount & loan tenure)
Step 3: Calculate Payments
Front and centre, you'll see the Year 1 monthly payment displayed prominently, giving you and your client a clear picture of what to expect from day one.
Right below that, you'll also see two key figures side by side: the total interest payable over the full duration of the loan, and the total amount payable (principal plus interest combined). Together, these three numbers give you a clear snapshot of what your client can expect with this package.
The calculator doesn't stop at Year 1. Scroll down and you'll see a breakdown for Year 2, Year 3, and beyond, covering each phase of the loan's lock-in period. Once the lock-in ends, the calculator also shows what the rate would look like based on today's SORA, so your client can see the full picture before committing.
Image 4: The Mortgage Calculator Results
Start Crunching the Numbers
That's all there is to it. The next time you're exploring packages for a client, open up the Mortgage Calculator and let the numbers do the talking. It's one of the fastest ways to give your client confidence in their mortgage decision.
Sarah Chen
Sarah is a senior mortgage advisor with over 10 years of experience in Singapore's property market.
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