ARM 2ND NEXT P/I CHANGE DATE

LNPIEF +
LNAMPC

P/I effective date plus the P/I payment change frequency

ARM AMORTIZED P/I PAYMENT

LNAPIC

The P/I 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 GRADUATED PMT INCREASE PERCENT

LNAMGI

The percentage the P/I payment will increase each P/I payment frequency

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 NEW INDEX

LNAPIN

New index (last index)

ARM NEW P/I PAYMENT

LNPINX

Newly calculated P/I payment

ARM NEW R1 PAYMENT

EFFECTIVE R1

The Reserve 1 payment effective with the new payment change

ARM NEW R2 PAYMENT

EFFECTIVE R2

The Reserve 2 payment effective with the new payment

ARM NEW SUBSIDY PAYMENT

EFFECTIVE SUBSIDY

The subsidy payment effective with the new payment

ARM NEW TOTAL PAYMENT

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

New P/I payment plus new Reserve 1 payment plus new Reserve 2 payment minus new subsidy payment

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 P/I PAYMENT BASED ON INC LMT

LNPICN*
LNAMPL

Old P/I payment multiplied by the P/I payment increase limit

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 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.

PROJECTED PMT PRINCIPAL PORTION

Calculated

Principal portion of the projected new payment.

PROJECTED PMT INTEREST PORTION

Calculated

Interest portion of the projected new payment.