10.7.3.3.1 Value

The value reflects the percentage or payment amount based on the method chosen for the payment event. Value is disabled for phases using the Interest Only payment method.

Payment amounts for conventional pattern phases must reflect both principal and interest payments. Payment amounts for the level principal pattern phase only reflect the principal portion of the payment. For level principal pattern phases, the total cash flow on a payment date is the principal amount stored as the payment plus the calculated interest.

Note:

The payment method and value columns are not displayed for payment patterns defined with a non-amortizing payment type. All payments are assumed to be interested only in this type of payment pattern.