Context engine glossary – next payment
The context engine is a large database of retrievable variables, available for use throughout LoanPro software. These are the variables for next payment:
| Name | Variable | Description |
| Next Scheduled Payment Fees | [[v('next-scheduled-payment-fees')]] | Displays the amount of the next scheduled payment expected to go towards fees. |
| Next Scheduled Payment Escrow | [[v('next-scheduled-payment-escrow')]] | Displays the amount of the next scheduled payment expected to go towards escrow. |
| Next Scheduled Payment Discount | [[v('next-scheduled-payment-discount')]] | Displays the amount of the next scheduled payment expected to go towards discount. |
| Next Scheduled Payment Principal | [[v('next-scheduled-payment-principal')]] | Displays the amount of the next scheduled payment expected to go towards principal. |
| Next Scheduled Payment Interest | [[v('next-scheduled-payment-interest')]] | Displays the amount of the next scheduled payment expected to go towards interest. |
| Next Scheduled Payment Amount | [[v('next-scheduled-payment-amount')]] | Displays the next scheduled payment amount on an account. |
| Next Scheduled Payment Date | [[companyFormatDateTime('next-scheduled-payment-date')]] | Displays the next scheduled payment date on an account. |
| Next Payment Fees | [[v('status-next-payment-fees')]] | Displays the amount of the next forecasted payment expected to go towards fees. |
| Next Payment Escrow | [[v('status-next-payment-escrow')]] | Displays the amount of the next forecasted payment expected to go towards escrow. |
| Next Payment Discount | [[v('status-next-payment-discount')]] | Displays the amount of the next forecasted payment expected to go towards discount. |
| Next Payment Principal | [[v('status-next-payment-principal')]] | Displays the amount of the next forecasted payment expected to go towards principal. |
| Next Payment Interest | [[v('status-next-payment-interest')]] | Displays the amount of the next forecasted payment expected to go towards interest. |
| Next Payment Amount | [[v('status-next-payment-amount')]] | Displays the next forecasted payment amount on an account. |
| Next Due Date | [[companyFormatDateTime('status-next-payment-date')]] | Displays the next forecasted payment date on an account. |
The difference between a scheduled payment and a forecasted payment, is that a forecasted payment better takes into account the current history on a loan (i.e. late payments, unpaid escrow, due fees, etc.) when calculating the forecasted breakdown of a payment. The difference between the two can better be seen in the Reports > Transactions section of an account. The scheduled payments appear in white, and the forecasted payments are shown with a dark yellow background underneath the scheduled payments in the transactions report.
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