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Accrued Interest & Reasonability
 
Accrued Interest & Reasonability
1
Show or hide content
1. Show or hide content
Click on the green radio buttons to show or hide the accrued interest calculation and interest reasonability check sections in the table.
2
Last payment date
2. Last payment date
Enter the last payment date.
3
Number of days
3. Number of days
The number of days is calculated based on the last payment date.
4
Interest reasonability check
4. Interest reasonability check
The interest reasonability check will be calculated for the average loan balance and the estimated interest expense. The difference between the actual calculated interest and the estimated interest is then calculated.
5
Comments (input paragraph)
5. Comments (input paragraph)
You can edit existing input paragraphs or insert more paragraphs using the express menu. Refer to Input Paragraphs for more information on inserting paragraphs.