fundManageR (version 0.5.0110)

calculate_loan_payment: Calculate loan repayment data given a set of parameters

Description

Calculate loan repayment data given a set of parameters

Usage

calculate_loan_payment(loan_start_date = "2016-06-01", amount_initial_draw = 3000, is_interest_only = F, interest_only_periods = 24, interest_rate = 10, is_actual_360 = T, amortization_years = 10, amortization_months = 0, term_years = 10, term_months = 0, pct_loan_fee = 0, balloon_year = 10, override_monthly_interest = F, interest_reserve_period = 0, balloon_month = 0, return_annual_summary = F)

Arguments

loan_start_date

Date loan starts

amount_initial_draw

Initial draw amount

is_interest_only

Is loan interest only

interest_only_periods

If loan is interest only, for how many periods

interest_rate

Intrest rate in decimal or numeric form

is_actual_360

Does loan accrue interest on an Actual/360 schedule

term_years

Term of the loan in years

term_months

Extra months on loan

pct_loan_fee

Percent loan fee

balloon_year

Year loan baloons

interest_reserve_period

Periods of interest reserve

balloon_month

Month loan balloons

return_annual_summary

Return an annual summary

Examples

calculate_loan_payment(loan_start_date = "2016-06-01", amount_initial_draw = 3000, is_interest_only = F, interest_only_periods = 24,
interest_rate = 10, is_actual_360 = T, amortization_years = 10, amortization_months = 0, term_years = 10, term_months = 0,
pct_loan_fee = 0, balloon_year = 10, override_monthly_interest = F, interest_reserve_period = 0, balloon_month = 0, return_annual_summary = F)