Ok, I am trying to have the CAP RATE: do a couple of things. First side note, in the Lien Postion drop down there are 4 options, 1st Fixed, 2nd Fixed, 1st HELOC and 2nd HELOC. I am trying to calculate the CAP RATE using the APOR if the Lien Position states 1st Fixed or 2nd Fixed only. So the calculation for CAP RATE should read something like this, IF (Lien Position states: 1st Fixed or 2nd Fixed then ADD (IF 1st Fixed ADD 1.5% IF 2nd Fixed ADD 3.5%) to the APOR rate (Users will enter APOR rate).
EXAMPLE:
Lien Position: 1st Fixed
APOR: 3.48%
(becasue it is 1st Fixed)
+ 1.5%
CAPP RATE= 4.98%
EXAMPLE 2:
Lien Position: 2nd Fixed
APOR: 3.48%
(becasue it is 2nd Fixed)
+ 3.5%
CAPP RATE= 6.98%
Also, I want the CAP RATE to be CLEAR or BLANK if there is no APOR rate entered because it is for FIXED RATE ONLY.
Any help is greatly appreciated!!!!!
Solved! Go to Solution.
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Ok,
this can be easily done with a FormCalc script in the calculate event of the cap rate field.
Assuming the other fields are named LienPostion and APOR, the script looks like:
if (LienPosition eq "1st Fixed") then
APOR + 1.5
elseif (LienPosition eq "2nd Fixed") then
APOR + 3.5
else
APOR
endif
Ok,
this can be easily done with a FormCalc script in the calculate event of the cap rate field.
Assuming the other fields are named LienPostion and APOR, the script looks like:
if (LienPosition eq "1st Fixed") then
APOR + 1.5
elseif (LienPosition eq "2nd Fixed") then
APOR + 3.5
else
APOR
endif
That is actually perfect! The only thing I changed was that if it wasn't one of those two it would be blank.
Like this:
if (lienpos eq "1st Fixed") then
apor + 1.5
elseif (lienpos eq "2nd Fixed") then
apor + 3.5
else
""
endif
Thanks so much for your help!
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