Remain.Balance: A function to compute the remaining balance of a mortgage

In glennmschultz/BondLab: BondLab is a package for the analysis of fixed-income securities

Description

A standard generic for the calculation of a mortgage remaining balance

Usage

Remain.Balance(
  balance = numeric(),
  note.rate = numeric(),
  term.mos = numeric(),
  period = numeric()
)

Arguments

balance	A numeric value the balance of the mortgage
note.rate	A numeric value the borrower's note rate
term.mos	A numeric value the term of the mortgage
period	A numeric value the numeric of months from the first payment

Examples

Remain.Balance(balance = 100000, note.rate = .045, term.mos = 360, period = 10)

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