What are the items needed for the terms of the loan?
Repayment Method: Assumptions only supports Installment and Amortized
Balloon/Balloon.
Number of payments: When the Repayment Method of Amortized Balloon/
Balloon is selected, or if the loan is a Variable Rate, the Number of
Payments field appears. This is the calculated number of payments left on a
loan.
Payment Frequency: Only monthly is allowed for an Assumption
loan.
Accrual method: 30/360, Actual 365, Actual / Actual, Actual / 360 are
options.
Due on Demand: If selected, the check box on the Closing Disclosure
to include the Demand Feature language is selected.