ARM 2ND NEXT RATE CHANGE DATE

LNAMDT + LNAMFQ

Next accrual rate change date plus the rate change frequency.

ARM AMORTIZED P/I PAYMENT

LNAPIC

The principal and interest payment required to fully amortize the loan.

ARM AMORTIZED PRINCIPAL BALANCE

AMTZ PRIN

The principal balance on which the new adjusted payment is based.

ARM BASE INDEX

LNBINX

Base index value used when calculating the new rate on the loan account when the Use this Base Index Rate displays a checkmark.

ARM DAYS BEFORE RATE CHANGE

LNAMAD

Days before the next accrual rate change date to calculate a new rate.

ARM DIFF BETWEEN NXT CURRENT INDEX

NEW INDEX - OLD INDEX

Difference between the next accrual index and current accrual index.

ARM DIFF BETWEEN NXT ORIGINAL RATE

LNAMNA - LNAMOA

Difference between the next accrual rate and the original rate.

ARM GRADUATED PMT INCREASE PERCENT

LNAMGI

The percentage the principal and interest payment will increase each P/I payment change frequency

ARM INDEX PUBLISHING FREQUENCY

RTPBFQ

Frequency the index is published. This information is entered on the Loans > System Setup Screens > Interest Rate Table screen.

ARM INTEREST ACCRUAL RATE

LNAMRT

The rate at which interest should accrue for payment method 7 loans

ARM INTEREST ONLY P/I PAYMENT

LNIPIC

The P/I payment required to satisfy the calculated interest

ARM INTEREST RATE POINTER

LNAMPT

The accrual rate pointer that is tied to the rate index

ARM LENGTH OF RATE CAP PERIOD

LNAMLP

Length of rate cap period

ARM NAME OF RATE INDEX

RTCL34

Name of the index, such as LIBOR, Treasury Rate 3-4 Years, etc. This information is entered on the Loans > System Setup Screens > Interest Rate Table screen.

ARM NEW INDEX

LNAPIN

New index (last index)

ARM NEW INDEX WITH OFFSET

LNAPIN + LNAMOF

New index plus accrual rate offset/margin

ARM NEXT INTEREST ACCRUAL RATE

LNAMNA

Next accrual rate for this account

ARM NEXT RATE CHANGE DATE

LNAMDT

Date of the next rate change on the loan

ARM OLD INDEX

TRLG

Old (prior) index

ARM OLD P/I PAYMENT

LNPICN

Old P/I payment in effect prior to the new payment change

ARM OLD R1 PAYMENT

EFFECTIVE R1

Reserve 1 payment in effect prior to the new payment change

ARM OLD R2 PAYMENT

EFFECTIVE R2

Reserve 2 payment in effect prior to the new payment change

ARM OLD SUBSIDY PAYMENT

EFFECTIVE SUBSIDY

Subsidy payment if effect prior to the new payment change

ARM OLD TOTAL PAYMENT

OLD P/I +
OLD R1 +
OLD R2 -
OLD SUBSIDY

Old P/I payment plus old Reserve 1 payment plus old Reserve 2 payment minus old subsidy payment

ARM ORIGINAL RATE

LNAMOA

Original loan rate

ARM P/I PAYMENT CHANGE COUNTER

LNAMCC

Number of times the system calculates the next P/I payment automatically

ARM P/I PAYMENT CHANGE DATE

LNPIEF

The date that the next P/I payment will replace the P/I payment

ARM P/I PAYMENT CHANGE FREQUENCY

LNAMPC

Number of months that should occur between payment changes

ARM P/I PAYMENT INCREASE LIMIT

LNAMPL

The percentage the P/I payment can increase with a payment change

ARM RATE AT PERIOD START

LNAMSY

Rate at the start of the rate cap period

ARM RATE CHANGE FREQUENCY

LNAMFQ

Number of months that should occur between rate changes

ARM RATE CHANGE MINIMUM

LNAMCM

The minimum percentage by which the loan rate can be changed

ARM REMAINING TERM

LNMATD-
LNAMDT

Month’s difference between the maturity date and next accrual rate change date. For bi-weekly loans, take the term in months divided by 12 multiplied by 26 to get the number of payments. Subtract the installment from the number of payments to get remaining payments. Take remaining payments divided by 26, then multiply by 12 to get the remaining term in months.

ARM SOURCE OF RATE INDEX

RTPBDS

Publishing source of the index rate, such as Wall Street Journal. This information is entered on the Loans > System Setup Screens > Interest Rate Table screen.

ARM START OF ACCRUAL PERIOD

LNAMPD

Starting date of the current rate cap period.

PREPAYMENT PENALTY END DATE

Calculated field

End date of the prepayment penalty.

PROJECTED PMT PRINCIPAL PORTION

Calculated

Principal portion of the projected new payment.

PROJECTED PMT INTEREST PORTION

Calculated

Interest portion of the projected new payment.