Below is the reimbursement based on APRWIN.
When trying to generate a new amort schedule to provide the borrower, we cannot get to same adjusted payment amount.
Does anyone have guidance they can provide on how to get Laser Pro and Silverlake to come up with the same payment schedule?
We are providing lump sum payment to borrower of $30.21 and need to adjust the remaining 34 payments to $395.32 each.
Thanks!

Adjusted APR = 8.625% APR Adjustment as of Final Payment Date = ($615.90)
Original Payment Amount = $417.37 Adjusted Payment Amount = $395.32 # of payments = 36
Lump Sum/Payment Reduction Method: Payments 1&2 = ($30.21)
Lump Sum Method: Payments 1-36 = ($482.79)

Finance Charge Adjustement = ($473.33)

Why would you need LaserPro to recreate this calculation?

We were working on generating a revised amort schedule, which would be generated from Laser Pro.

When you do a LS/PR reimbursement on a simple interest loan you must do more than simply reimburse for the sins of the past and reduce future payments. You must also write down (charge-off) a portion of the principal balance, reduce the contract interest rate, or apply some combination of the two. You've already discovered what happens if one of these steps is not taken--the loan no longer pays off on the final payment.

Before using LaserPro (or any other document generator) to produce an amortization schedule, you'll have to back into the IR or LA that combines with your reduced PMT. I'd use Excel to calculate the IR or LA haircut.

Thanks Richard! We were able to do those adjustments and then generate the appropriate amort schedule.