Sched.Prin: A function to calculate the scheduled principal of mortgage

Description Usage Arguments Examples

View source: R/MortgageFunctions.R

Description

A standard generic for the calculation of scheduled principal of mortgage loan

Usage

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Sched.Prin(
  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 number of months since the first payment

Examples

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Sched.Prin(balance = 100000, note.rate = .045, term.mos = 360, period = 2)

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