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Year-to-Date Totals field group

Navigation:  Loans > Loan Screens > Loan Assumption Screen > Seller Information tab >

Year-to-Date Totals field group

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This field group displays basic year-to-date information for the loan account being assumed by the buyer.

 

If loan assumption has not yet occurred, this field group displays year-to-date information for the loan. If the buyer has assumed the loan, this field group displays year-to-date information for the loan as of the time of assumption.

 

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The year-to-date balances and amounts displayed in this field group include the loan account's Interest (LAYTDI), Deferred Interest (LAYTDD), Taxes (LAYTDT), Subsidy (LAYTDS), Interest on Escrow (LAYTDR), and PMI Insurance (LACYMI).

 

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WARNING: Be sure the due date on the loan is equal to the Payment Start Date field on the Buyer Information tab. This is the only way the year-to-date Interest will be correct.

 

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