Mortgage.Monthly.Payment: A function to calculate the monthly payment of a mortgage
In glennmschultz/BondLab: BondLab is a package for the analysis of fixed-income securities

A standard generic function to compute the monthly payment of a mortgage

Mortgage.Monthly.Payment(
  orig.bal = numeric(),
  note.rate = numeric(),
  term.mos = numeric()
)

`orig.bal`	A numeric value, the original loan amount
`note.rate`	A numeric vlaue, the borrower's note rate
`term.mos`	A numeric value, the original term of the loan in months

1	Mortgage.Monthly.Payment(orig.bal = 100000, note.rate = .04, term.mos = 360)

glennmschultz/BondLab documentation built on May 11, 2021, 5:29 p.m.

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