Loan Principal/Interest Estimation
Overview of IL437
The Loan Principal/Interest Estimation report displays an estimation of the expected amount of principal and interest collected through a specified number of periods. The report output displays the loan number, rate, principal balance, GL number, and estimated interest and principal over the number of periods you specify. To run this report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Loans
- Double-click Reports
- Double-click 437 Loan Principal/Interest Estimation. The parameters screen will launch:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Base date | Enter the date you wish to use. You can type it in mm/dd/yyyy format or click the calendar icon to
select the date |
| Based on | Click the drop down arrow to select either Months or Years |
| Periods | Click the drop down arrow to select the number of periods to display on the report. Your options are: 10, 12, 15 or 20 |
| Ending date | If you want to establish the ending date of the report, you can do so here. Type the date in mm/dd/yyyy format or click the calendar icon to select the date. Remove the date if you do not wish to use an ending date |
| GL account | If you wish to report on a particular GL account number, you can do so here. Type the GL number or click
the list icon to select from a list of active GL account numbers in the system. Leave the field blank to report on all GL numbers |
| Loan types | If you wish to report on one or more loan types, you can do so here. Type the code or codes, separated
by commas, or click the list icon to select from a list of active loan types in the system. Leave the field blank to report on all loan types |
| Loan number | To run the report for a particular loan, type the loan number here or click the list icon to select
from a list of loans in the system. Leave the field blank to run for all loans |
| Display loan details | If selected, the loan detail information will be included on the report. If it is left blank, the report will run in summary mode |
| Display remaining periods column | If selected, the loans' remaining periods will be displayed in a final column. If not selected, the information will stop at the selected number of periods |
| Sub Total by | Click the drop down to select how to sub total the report. Your options are by GL or by category/rate |
| Substitute interest rate/in place of | If you wish to substitute an interest rate in place of another for the purposes of this report, you can do so. Type the substitute rate and the rate it should be calculated in place of. Leave at 0 to report interest rates as is |
