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Maintenance Update 9 30 2021

Calculator update notes for 9-30-2021.

Overview:

The Sept. 30th update for 2022 is limited to minor fixes, enhancements and ADA refinements (except for the 72T calculators listed below). This update is optional, unless you have received instructions from us. All updates are cumulative, by skipping this limited update any changes to your package will be included in the next update release. To view the previous update package please see Calculator Update 6/30/2022.

Update instructions:

  1. Download the latest version of your calculator update from your download site, found on your update e-mail notice.
  2. Run the update package (KJEUpdate.exe). This is a self-extracting zip file. (Or unzip the KJEUpdate.zip file if you are using a non-windows platform.)
  3. When prompted for a directory, you may use the default or enter your own. It is recommended that you extract the update to a new directory and then move the required files to your production environment. One directory will be created with no subdirectories.
  4. Copy the new files to your current deployment, replacing files with identical files names with the new ones.

If you wish, you can download the full calculator package from the same location, and refresh all files provided by KJE for your calculators. This package includes any site specific changes done for you by KJE, but will not include any customizations by you or your web-developers. Please contact us if you have questions regarding this new update package.

Master Changes (affects all calculators):

  1. Numerous fine-tuning adjustments to the core deployment. If you have been provided a refresh of your calculator package anytime in September 2022 you will have already received these changes.

  2. Side-by-side display for use on landscape displays

Calculator specific updates:

  1. 72T Calculator, 72T Distribution Impact (Retire72T.html, Retire72T2.html, Retire72Alt.html, SPRetire72T.html, SPRetire72Alt): The default "Reasonable interest rate" has been changed to 1.09% to reflect 120% of the current Federal Mid-Term rate as of October 2022.

  2. Definition for months between adjustments (MortgageAdjust.html, MortgageArpAdjustable.html, MortgageArmvsFixed.html, MortgageArmvsFixed2.html, MortgagePiggyback.html): The definition for the the months between adjustment was changed to better explain the SOFR benchmark.

    Months between adjustments
    The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year. Loans using the SOFR benchmark have six months between adjustments. The SOFR benchmark is based on what U.S. financial institutions pay each other for overnight loans. It is often used as a replacement for the LIBOR benchmark which is no longer used.