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The LOAN Procedure

The LOAN procedure provides analysis and comparison of mortgages and other installment loans. It enables you to

In addition, PROC LOAN provides amortization schedules and loan summaries for each loan contract. It automatically generates payment dates (rather than just payment sequence numbers) and rounds payments to any number of decimal places. It supports a wide variety of payment and compounding intervals.

The MORTGAGE procedure provides amortization schedules for fixed rate mortgages. Although the MORTGAGE procedure has been superseded by the LOAN procedure, it is still supported for compatibility with previous releases of SAS/ETS software.

Documentation

For further details, see the SAS/ETS® User's Guide

Examples