Mortgage dashboard
User interface detailed explanation
The dashboard page displays all accounts associated with the currently connected Web3 wallet. Below provides a detailed explanation of each item within the UI.
Mortgage position summary list
1
Vault
Displays the vault identifier. The first icon represents the fees token and the second icon is the borrowable asset.
2
Loan amount
This shows the amount of asset that has been borrowed plus the deposit (eg. 0.1 cbBTC mortgage + 0.02 cbBTC deposit).
3
PNL
The profit and loss figure for each active position is calculated in USD. It represents the USD value of the asset position being closed with an early repayment fee (2%), taking into account any repayments paid towards the mortgage to date plus the capital required to pay down the remaining mortgage.
4
Remaining
Total time remaining on the term of the mortgage.
5
Due/Total
The due amount shows repayment required to reset the current 45 day timer back to 45 days. The due amount increases with every new block (time) in-line with the interest rate applied at the time of creating the mortgage. The total amount shows how much the user has left to pay including all future interest (interest is front loaded for this display but forgiven in the event of the user exercising the early repayment feature).
6
Default
The number of days the user has to make the repayment before the entire mortgage defaults and the borrowed asset n is returned to the general borrowing pool.
7
Expand
Expands the loan summary to provide the Mortgage detail as shown below.
8
Reset all Timers
Sets up a convenient transaction that merges the outstanding repayments for all active Mortgages of the currently connected wallet. This transaction will reset all 45 day timers to 0 upon completion.
Mortgage detail
1
Loan amount
This shows the amount of asset that has been borrowed plus the deposit (eg. 0.1 cbBTC mortgage + 0.02 cbBTC deposit).
2
Loan value
Amount that the full position is worth in USD.
4
Interest Rate
The rate that was applied to the Mortgage upon creation dictated by the pool utilisation curve
5
Loan Dollar value at opening
How much the position size was worth at the time of creation in USD.
6
Total interest to pay over the Length of the Loan
The total interest that will be paid in USD by the full loan term has completed.
7
Total Repaid
The total that has been repaid towards the loan in USD to date. All previous repayments combined.
8
Debt Remaining
The total debt remaining in USD including all interest.
9
Monthly Repayment Size
This is how much is due per 30 days (the full window to make repayments is 45 days). For many users having a monthly amount displayed can be useful when planning thier finances.
10
PNL
The profit and loss figure for each active position is calculated in USD. It represents the USD value of the asset position being closed with an early repayment fee (2%), taking into account any repayments paid towards the mortgage to date plus the capital required to pay down the remaining mortgage.
11
Price of Coin at Creation
This is the value of the asset in USD per unit at the time the Mortgage was created. When taking a Mortgage the user receives the protocol's internal pricing which can vary compared to the market price. If the user is receiving the Mortgage as part of a Finance position then they will receive the actual market value taken from a price oracle.
12
Loan Term
The term of the Mortgage at the time of creation.
Fully Repay tab
The Fully Repay tab allows you to exercise the early repayment feature to settle the Mortgage and take full ownership of your assets.
1
Loan value
Amount that the full position is worth in USD.
2
Debt value
The total debt remaining in USD including all interest.
3
Early repay fee
2% of the outstanding principal
4
Settle loan for
Outstanding principal + Early repay fee
Outstanding tab
This tab allows you to make your regular payment. Click on OUTSTANDING in the bottom right of the modal and it will populate the current amount as detailed in the statement above the modal.
Introduction to Mortgage product How it works Getting started In depth Early repayment feature
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