When I look at the average outcome graph under Plan overview, there is a lump sum to pay around the end of the mortgage, but the debt details have been recorded. What is happening?

EVPro assumes that the repayment amount and interest rate are consistent over the term and that the outstanding mortgage value is correct. If one or more of these is out of sync then it would throw the calculation off and the difference will be compounded over the term. 

This would then show an expense amount at the end of the mortgage term which needs to be covered. 

We recommend reviewing the following fields if this does occur:

  • Outstanding amount
  • Current Interest rate
  • End date
  • Monthly amount