Chapter Contents
Previous
Next
|
Chapter Contents |
Previous |
Next |
| The LOAN Procedure |
The statements and options controlling the LOAN procedure are summarized in the following table:
| Description | Statement | Option |
| Statements | ||
| specify an adjustable rate loan | ARM | |
| specify a balloon payment loan | BALLOON | |
| specify a buydown rate loan | BUYDOWN | |
| specify loan comparisons | COMPARE | |
| specify a fixed rate loan | FIXED | |
| Data Set Options | ||
| specify output data set for loan summary | PROC LOAN | OUTSUM= |
| specify output data set for repayment schedule | FIXED | OUT= |
| specify output data set for loan comparison | COMPARE | OUTCOMP= |
| Printing Control Options | ||
| suppress printing of loan summary report | FIXED | NOSUMMARYPRINT |
| suppress all printed output | FIXED | NOPRINT |
| print amortization schedule | FIXED | SCHEDULE= |
| suppress printing of loan comparison report | COMPARE | NOCOMPRINT |
| Required Specifications | ||
| specify the loan amount | FIXED | AMOUNT= |
| specify life of loan as number of payments | FIXED | LIFE= |
| specify the periodic payment | FIXED | PAYMENT= |
| specify the initial annual nominal interest rate | FIXED | RATE= |
| Loan Specifications Options | ||
| specify loan amount as percentage of price | FIXED | AMOUNTPCT= |
| specify time interval between compoundings | FIXED | COMPOUND= |
| specify down payment at loan initialization | FIXED | DOWNPAYMENT= |
| specify down payment as percentage of price | FIXED | DOWNPAYPCT= |
| specify amount paid for loan initialization | FIXED | INITIAL= |
| specify initialization costs as a percent | FIXED | INITIALPCT= |
| specify time interval between payments | FIXED | INTERVAL= |
| specify label for the loan | FIXED | LABEL= |
| specify amount paid for discount points | FIXED | POINTS= |
| specify discount points as a percent | FIXED | POINTPCT= |
| specify uniform or lump sum prepayments | FIXED | PREPAYMENTS= |
| specify the purchase price | FIXED | PRICE= |
| specify number of decimal places for rounding | FIXED | ROUND= |
| specify the date of loan initialization | FIXED | START= |
| Balloon Payment Loan Specification Option | ||
| specify the list of balloon payments | BALLOON | BALLOONPAYMENT= |
| Rate Adjustment Terms Options | ||
| specify frequency of rate adjustments | ARM | ADJUSTFREQ= |
| specify periodic and life cap on rate adjustment | ARM | CAPS= |
| specify maximum rate adjustment | ARM | MAXADJUST= |
| specify maximum annual nominal interest rate | ARM | MAXRATE= |
| specify minimum annual nominal interest rate | ARM | MINRATE= |
| Rate Adjustment Case Options | ||
| specify best-case (optimistic) scenario | ARM | BESTCASE |
| specify predicted interest rates | ARM | ESTIMATEDCASE= |
| specify constant rate | ARM | FIXEDCASE |
| specify worst case (pessimistic) scenario | ARM | WORSTCASE |
| Buydown Rate Loan Specification Option | ||
| specify list of nominal interest rates | BUYDOWN | BUYDOWNRATES= |
| Loan Comparison Options | ||
| specify all comparison criteria | COMPARE | ALL |
| specify the loan comparison periods | COMPARE | AT= |
| specify breakeven analysis of the interest paid | COMPARE | BREAKINTEREST |
| specify breakeven analysis of periodic payment | COMPARE | BREAKPAYMENT |
| specify minimum attractive rate of return | COMPARE | MARR= |
| specify present worth of cost analysis | COMPARE | PWOFCOST |
| specify the income tax rate | COMPARE | TAXRATE= |
| specify true interest rate analysis | COMPARE | TRUEINTEREST |
|
Chapter Contents |
Previous |
Next |
 Top |
Copyright © 1999 by SAS Institute Inc., Cary, NC, USA. All rights reserved.