The OUTSUM= option writes the loan summary to an output data set. If you specified this option in the PROC LOAN statement, the loan summary information for all loans is written to the specified data set, except for those loans for which you specified a different OUTSUM= data set in the ARM, BALLOON, BUYDOWN, or FIXED statement.

The OUTSUM= data set contains one observation for each loan and contains the following variables:

• TYPE, type of loan

• LABEL, loan label

• PAYMENT, periodic payment

• AMOUNT, loan principal

• DOWNPAY, down payment. DOWNPAY is included in the OUTSUM= data set only when you specify a down payment.

• INITIAL, loan initialization costs. INITIAL is included in the OUTSUM= data set only when you specify initialization costs.

• POINTS, discount points. POINTS is included in the OUTSUM= data set only when you specify discount points.

• TOTAL, total payment

• INTEREST, total interest paid

• RATE, nominal annual interest rate

• EFFRATE, effective interest rate

• INTERVAL, payment interval

• COMPOUND, compounding interval

• LIFE, loan life (that is, the number of payment intervals)

• NCOMPND, number of compounding intervals

• COMPUTE, computed loan parameter: life, amount, payment, or rate

If you specified the START= option either in the PROC LOAN statement or for the individual loan, the OUTSUM= data set also contains the following variables:

• BEGIN, start date

• END, loan termination date