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Unearned Interest Report

Report Formulas

  •  Principle + Charges = Balance
  •  Unearned + Earned = Charges
  • Unearned = Interest not yet earned until loan has matured
  • Earned = Interest earned to this point from current loan age
  • Payoff + Unearned = Balance
  • Payoff = Total due today if loan is paid off today. This will be an amount less some interest not yet earned.
  • Balance = Total due on the loan if the loan matures to its maximum payments and all interest is earned.

Detailed Video Explaining the Unearned Interest Report