Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Next P/I Constant

Entry: User, numeric

F/M: Yes

Mnemonic: LNPINX

Screen: Loans > Account Information > Payment Information > Loan Information tab

 

The next P/I constant replaces the P/I Constant as the amount to divide between principal and interest on a payment when the due date is advanced by the system to be greater than the P/I effective date, which is the date found in the Next P/I Constant Effective Date field.

 

If a modified payment schedule is set up for this account using the Loans > Transactions > CP2 screen, Payment Schedule tab, this will be the modified amount set up on the payment schedule.