@untemps/loan-schedule

Class to generate a schedule of monthly loan payments.

It has been built with a single purpose in mind so far, but features will be added in the next fews weeks.
Don't hesitate to contact the team if you think about a specific usage we may address.

Installation

yarn add @untemps/loan-schedule

Usage

Import LoanSchedule:

import { LoanSchedule } from '@untemps/loan-schedule'

Create an instance of LoanSchedule passing three objects:

// Settings object that describes the properties of the loan (see below "Loan Settings")
const loanSettings = {
	amount: 79950, // Amount of the loan in any currency
	term: 25, // Loan term in years
	interestRate: 2, // Interest rate in percentage
	insuranceRate: 0.5, // Insurance rate in percentage
}

// List of amortizations monthly paid until the term of the loan (see below "Loan Amortizations")
const loanAmortizations = [
	{
		label: 'Rent', // Label of the amortization.
		value: 600, // Amount of the maortization.
		type: LoanScheduleAmortizationType.CREDIT, // Type of the amortization: "credit" or "debit"
	},
	{
		label: 'Payment',
		type: LoanScheduleAmortizationType.DEBIT,
		compute: LoanScheduleCompute.PAYMENT, // Computation method of the amortization (optional). That means the amount has to be automatically calculated by the class. "payment" and "insurance" are available so far.
	},
	{
		label: 'Property Tax',
		value: 30,
		rate: 5, // Yearly inflation rate of the amortization (optional).
		type: LoanScheduleAmortizationType.DEBIT,
	},
]

// Configuration of the output (see below "Configuration")
const config = {
    headers: {
        year: {
            label: 'Année',
        },
        balance: {
            label: 'Solde',
        },
    },
}

const schedule = new LoanSchedule(loanSettings, loanAmortizations, config);

Constructor parameters

Parameter	Type	Description
loanSettings	LoanScheduleSettings	Settings object that describes the properties of the loan (see below "Loan Settings")
loanAmortizations	LoanScheduleAmortization[]	List of amortizations monthly paid until the term of the loan (see below "Loan Amortizations")
config	LoanScheduleConfig	Configuration of the output (see below "Configuration")

Loan Settings

Settings object that describes the properties of the loan

LoanScheduleSettings type

Property	Type	Description
amount	number	Amount of the loan in any currencyAmount of the loan in any currency
term	number	Loan term in years
interestRate	number	Interest rate in percentage
insuranceRate	number	Insurance rate in percentage

Loan Amortizations

List of amortizations monthly paid until the term of the loan

LoanScheduleAmortization type

Property	Type	Description
label	string	Label of the amortization
value	number	Monthly amount of the amortization
rate	number	Yearly inflation rate of the amortization (optional).
type	LoanScheduleAmortizationType	Type of the amortization: "credit" or "debit"
compute	LoanScheduleCompute	Computation method of the amortization (optional). That means the amount has to be automatically calculated by the class. "payment" and "insurance" are available so far.

Configuration

The configuration object allows to change the output to reflect your specific needs.

LoanScheduleConfig type

Property	Type	Description
headers
--- payment
------- label	string	Label of the payment amortization
--- insurance
------- label	string	Label of the insurance amortization

Development

A demo can be served for development purpose on http://localhost:10001/ running:

yarn dev