Navigation:  Loan Screens > Account Information Screen Group > Account Detail Screen > Payment Detail tab > Payment Information field group > Next P/I Payment

Entry: System, numeric

F/M: No

Mnemonic: LNPINX

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

 

This field replaces the P/I payment 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 Payment Change field.

 

For ARM loans (payment method 7), this amount is either manually entered or automatically calculated based on the information entered on the ARM Information screen. It will be calculated on the number of days entered in the Days Before Rate Change (on the Loans > Account Information > ARM Information screen) before the date entered in the Next P/I Payment Change field. This amount will also be calculated any time the calculated date is in the past and there is not already something entered in this field.