Enhanced Amortization Report

This feature allows users to figure payments based on interest rates other than the claims current rate for the Amortization Report.

From the tab of the debtor's claim, click the button on the Payment Plan Section.

The payment plan screen will appear.

Click the button to view the Amortization Screen.

Select to calculate the report by:

• Pre-Defined Steps:  Figures the number of payments until the account is paid off based on the current payment plan.
• Number of Payments:  Calculates how much each payment would have to be to payoff the balance in the selected number of payments.

Both of these calculations will be figured using the current interest rates on the claim.  To override the rate and select new rates, click the next to Override Interest Settings and Charge:

Enter the interest rate to be charged for Principal, Fees, Costs and Other.

Click the button to process the amortization report.

See Amortization Report.