OUTSUM= Data Set

The LOAN Procedure

OUTSUM= Data Set

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 will be written to the specified data set, except for those loans for which you specified a different OUTSUM= data set on the ARM, BALLOON, BUYDOWN, or FIXED statement.

You can also specify the OUTSUM=option in individual loan statements, in which case the loan summary information of the individual loan is written to the specified data set. 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

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