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Using Payment, Escrow, and Prorations Previews

See real-time payment calculations as you build scenarios, so you can adjust loan terms before finalizing and presenting to clients.

Updated over a week ago

Overview

The preview panels in Deal Details give you instant visibility into how your loan scenario is shaping up before you complete it. Instead of building an entire scenario only to discover the payment exceeds your client's budget, you can monitor the payment, escrow amounts, and prorations in real time. This helps you make on-the-fly adjustments and have informed conversations with clients about their options.


Before You Start

Requirement

Details

Active scenario

Begin building a new scenario or editing an existing one

Property taxes entered

Tax information needed for escrow and proration calculations

Insurance estimate

Homeowners insurance amount for accurate escrow preview

Closing date selected

Required for proration calculations


Understanding the Three Preview Panels

As you progress through the scenario builder, three preview panels display on the right side of your screen, each providing different insights into the loan.

Payment Preview

Component

What It Shows

Total Monthly Payment

Principal, interest, taxes, insurance, and any mortgage insurance combined

Real-Time Updates

Recalculates instantly as you change loan amount, rate, or down payment

Budget Indicator

Helps you gauge whether the scenario fits your client's stated budget

💡 Tip: If your client states a maximum payment (e.g., "I can't go a penny above $2,200"), watch this preview as you adjust the down payment or loan terms to hit their target.

Escrow Preview

Component

What It Shows

Monthly Escrow Amount

Based on taxes and insurance you've entered

Months Collected

Number of months calculated automatically by the system

Aggregate Adjustment

Required cushion amount included in calculations

Prorations Preview

Component

What It Shows

Buyer Credit/Debit

Amount the buyer owes to or receives from the seller

Tax Bill Status

Indicates whether the current tax bill is out and how it affects the proration

Closing Date Impact

How the selected closing date affects the proration calculation


Step-by-Step: Using Previews During Scenario Building

1. Start Building Your Scenario

  • Enter property details, loan type, and initial terms

  • The preview panels will begin populating as you add information

2. Monitor the Payment Preview

  • Watch the total payment update in real time

  • Compare against your client's stated budget or comfort level

  • Adjust down payment or loan amount if the payment is too high

3. Review Escrow Calculations

  • Verify the monthly escrow amount looks accurate

  • Check the number of months being collected

  • Note the aggregate adjustment included

⚠️ Important: The escrow preview requires accurate tax and insurance inputs. Double-check these values if the escrow amount seems unexpected.

4. Check Prorations

  • Review whether the buyer owes money to the seller (or vice versa)

  • Understand how the current tax bill status affects the calculation

  • Use this information to prepare your client for closing costs

5. Adjust and Iterate

  • Make changes to loan terms based on preview feedback

  • No need to complete the scenario to see the impact of changes

  • Continue refining until the numbers align with client needs


Real-World Application: Budget Conversations

When a client gives you a firm payment ceiling, use the previews to navigate the conversation:

Client Situation

How to Use Previews

"I can't exceed $2,200/month"

Watch Payment Preview while adjusting down payment until it falls below their limit

"What will my escrow be?"

Reference the Escrow Preview to give immediate, accurate answers

"Will I owe anything at closing for taxes?"

Check Prorations Preview to explain buyer credits or debits


Finishing Up

1. Confirm All Previews Look Accurate

  • Verify payment aligns with client expectations

  • Ensure escrow calculations make sense for the area

  • Review prorations for any surprises

2. Proceed to Name and Save

  • Once satisfied with the previews, continue to the final step

  • Name your scenario and generate the complete results


Quick Reference

Enter Loan Details → Monitor Payment Preview → Review Escrow → Check Prorations → Adjust as Needed → Save Scenario

Tips for Success

  • Use Payment Preview for budget conversations—give clients instant answers without completing the entire scenario

  • Verify tax and insurance inputs—the escrow preview is only as accurate as the data you provide

  • Explain prorations proactively—clients are often surprised by buyer credits or debits at closing, so set expectations early

  • Iterate before finalizing—make all your adjustments while watching the previews rather than rebuilding scenarios from scratch


Related Topics

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