The LOAN Procedure

The OUTCOMP= option in the COMPARE statement writes the loan comparison analysis results to an output data set. If you specified the START= option, the DATE variable identifies the date of the loan comparison. Otherwise, the PERIOD variable identifies the comparison period.

The OUTCOMP= data set contains one observation for each loan and for each loan comparison period. The OUTCOMP= data set contains the following variables.

• DATE, date of loan comparison report. The DATE variable is included in the OUTCOMP= data set only when you specify the START= option.

• PERIOD, period of the loan comparison for the observation. The PERIOD variable is included in the OUTCOMP= data set only when you do not specify the START= option.

• LABEL, label string for the loan

• TYPE, type of the loan

• PAYMENT, periodic payment at the time of report. The PAYMENT is included in the OUTCOMP= data set if you specified the BREAKPAYMENT or ALL option or if you used default criteria.

• INTPAY, interest paid through the time of report. The INTPAY variable is included in the OUTCOMP= data set if you specified the BREAKINTEREST or ALL option or if you used default criteria.

• TRUERATE, true interest rate charged on the loan. The TRUERATE variable is included in the OUTCOMP= data set if you specified the TRUERATE or ALL option or if you used default criteria.

• PWOFCOST, present worth of cost. The PWOFCOST variable is included in the OUTCOMP= data set only if you specified the PWOFCOST or ALL option.

• BALANCE, outstanding principal balance at the time of report