Refinancing a Loan

/*--------------------------------------------------------------

                    SAS Sample Library

        Name: loaex02.sas
 Description: Example program from SAS/ETS User's Guide,
              The LOAN Procedure
       Title: Refinancing a Loan
     Product: SAS/ETS Software
        Keys: fixed rate, adjustable rate, buydown,
              and balloon payment loans
        PROC: LOAN
       Notes:

--------------------------------------------------------------*/

proc loan start=1995:6;
   fixed life=180 rate=9 amount=78500 noprint
         label='Original Loan';
   compare at=('10FEB1998'd);
run;

proc loan start=1998:2 amount=71028.75;
   fixed rate=9 payment=796.20
         label='Keep the original loan' noprint;
   fixed life=180 rate=6.5 init=1419
         label='Refinance at 6.5%' noprint;
   compare at=(15 16) taxrate=33 marr=4 all;
run;