This view shows budget, actual and variance data for the selected loan. Use it to
track the performance of this loan over time. This may be due to payment acceleration or delay, changes in compounding techniques, application of unscheduled fees to loan payments, etc.
The clip below shows only a portion of this rather wide schedule. It is often worth a periodic visit to this form to verify that loan processing is proceeding as anticipated.
In this sample, the extra $5,639.39 included with the June 6, 2007 payment will reduce overall interest payments by $1,027.02 by May of 2010. Not a bad savings for that single extra payment made from excess cash on hand.