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.