Easy Constant Features
Easy Constant lets you create your own custom mortgage constant table.
Use Easy Constant to create a custom mini mortgage constant table by selecting a range of interest rates and amortization periods. For example, if you typically work loans with an interest rate range of 4% to 6% and amortization periods range from 20 to 30 years, your constant chart can be personalized to this specific range of values making it fast and easy to find and compare mortgage constants. Modify the interest rates and amortization periods at any time to meet your needs.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p><!-- [et_pb_line_break_holder] -->In the My Constant Table section, Easy Constant allows you to create an interest rate range and amortization period appropriate for current market conditions or your current loan structures. <!-- [et_pb_line_break_holder] --></p><!-- [et_pb_line_break_holder] --><p><!-- [et_pb_line_break_holder] -->Just select the settings menu, select table settings, enter your desired ranges, and select save. You now have a custom mortgage constant table with the same highlighting features found in <!-- [et_pb_line_break_holder] -->Easy Constant's full constant table.<!-- [et_pb_line_break_holder] --></p><!-- [et_pb_line_break_holder] --><p><!-- [et_pb_line_break_holder] -->Throughout most sections of Easy Constant, you can email or print your output. You also have a link to daily U.S. Treasury rates, Libor rates and the Prime rate.<!-- [et_pb_line_break_holder] --> </p><!-- [et_pb_line_break_holder] --><iframe width="415" height="415" src="https://www.youtube.com/embed/9FBoJsOBPHg?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Easy Constant calculates monthly and yearly loan payments and instantly displays an amortization table.
Enter the loan amount, interest rate, and amortization period and Easy Constant will instantly calculate your monthly and yearly loan payments. It also provides the mortgage constant, effective interest rate, and a corresponding amortization schedule. Choose to view the amortization schedule through the balloon period (if any) or through the full amortization period. The amortization table displays eight columns of amortization information.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal2">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal2" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p><!-- [et_pb_line_break_holder] -->In the Monthly Payment / Amortization section, Easy Constant allows you to quickly input your loan information and calculate the yearly payment, monthly payment, mortgage constant and effective annual interest rate. Any input changes automatically adjust the output. <!-- [et_pb_line_break_holder] --></p><!-- [et_pb_line_break_holder] --><p><!-- [et_pb_line_break_holder] -->This section also allows you to view a related amortization table. Eight columns of information are displayed including the amount of principal paid off. You can display the table for the full amortization period or just through the balloon period.<!-- [et_pb_line_break_holder] --></p><!-- [et_pb_line_break_holder] --><p><!-- [et_pb_line_break_holder] -->In this menu section and four others, you can set input defaults. These input defaults can be used as a starting point for your calculations. Easy Constant will also remember your last set of inputs if you navigate away and come back.<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> </p><!-- [et_pb_line_break_holder] --><iframe width="415" height="415" src="https://www.youtube.com/embed/e3RUVFNQ0k4?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Easy Constant calculates key ratios related to your rent and mortgage assumptions.
Enter the NNN rent, cap rate, loan to value/cost %, interest rate and amortization period for a given deal and Easy Constant instantly displays key information such as yearly cash flow after debt and ratios such as yearly return on equity, yearly debt coverage ratio, and yearly debt yield ratio. Easy Constant takes back of the envelope calculations to the next level.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal6">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal6" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p>In the Quick Analysis section Easy Constant takes "Back of the envelope" analysis to the next level. Upon entering the amount of NNN rent you expect from your deal and entering other relevant variables Easy Constant will instantly produce the initial return, ratios and expected cash flow after debt. The amount of principal paid down through your selected balloon period will also be displayed.</p><!-- [et_pb_line_break_holder] --><iframe width="415" height="415" src="https://www.youtube.com/embed/MzOGMlYrS1k?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Solve for the mortgage constant if the interest rate and number of amortization years are known.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="text-center btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal4">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal4" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p><!-- [et_pb_line_break_holder] -->In the Solve For Constant menu section, Easy Constant allows you to enter an interest rate and amortization period to quickly determine the corresponding mortgage constant. The constant output automatically changes as you vary the input.<!-- [et_pb_line_break_holder] --> </p><!-- [et_pb_line_break_holder] --><iframe width="800" height="800" src="https://www.youtube.com/embed/YFsSM5uIeIQ?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Solve for the interest rate if the mortgage constant and number of amortization years are known.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal5">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal5" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p>In the Solve For Interest Rate menu section, Easy Constant allows you to enter the constant and the amortization period you desire to quickly determine the approximate corresponding interest rate. The interest rate output automatically changes as you vary the input.</p><!-- [et_pb_line_break_holder] --><iframe width="415" height="415" src="https://www.youtube.com/embed/oWU_UcVnxN0?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Solve for the number of amortization years if the mortgage constant and interest rate are known.
<!-- Trigger the modal with a button --><!-- [et_pb_line_break_holder] --> <a type="button" class="btn btn-info btn-lg yellow" style="font-size:20px;" data-toggle="modal" data-target="#myModal7">Watch Video</a><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --> <!-- Modal --><!-- [et_pb_line_break_holder] --> <div class="modal fade" id="myModal7" role="dialog"><!-- [et_pb_line_break_holder] --> <div class="modal-dialog"><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> <!-- Modal content--><!-- [et_pb_line_break_holder] --> <div class="modal-content"><!-- [et_pb_line_break_holder] --> <div class="modal-header"><!-- [et_pb_line_break_holder] --> <button type="button" class="close" data-dismiss="modal">×</button><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <div class="modal-body"><!-- [et_pb_line_break_holder] --> <p>In the Solve For Term menu section, Easy Constant allows you to enter the interest rate and constant you desire to quickly solve for the corresponding amortization term. The amortization term output automatically changes as you vary the input.</p><!-- [et_pb_line_break_holder] --><iframe width="415" height="415" src="https://www.youtube.com/embed/-0mx7FB345k?rel=0&showinfo=0?ecver=1" frameborder="0" allowfullscreen></iframe><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> <!-- [et_pb_line_break_holder] --> </div><!-- [et_pb_line_break_holder] --> </div>
Flexible calculator options: 30/360 or actual/360.
Most loans in commercial real estate are either based on an interest rate calculation of 30/360 or actual/360. With Easy Constant, you can choose to calculate rates based on either method at any time.