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Single Month Mortality Formula

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Single Month Morality refers to the prepayment rate of a loan pool for a single month. Check FAQs

SMM = \frac{PFM}{BMBM - SPR}

SMM - Single Month Morality?PFM - Prepayment for a Month?BMBM - Beginning Mortgage Balance for Month?SPR - Scheduled Principal Repayment for Month?

Single Month Mortality Example

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Here is how the Single Month Mortality equation looks like with Values.

Here is how the Single Month Mortality equation looks like with Units.

Here is how the Single Month Mortality equation looks like.

1.294 = \frac{6580}{6030 - 945}

1.294 = \frac{6580}{6030 - 945}

1.294 = \frac{6580}{6030 - 945}

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Single Month Mortality Solution

Follow our step by step solution on how to calculate Single Month Mortality?

FIRST Step Consider the formula

SMM = \frac{PFM}{BMBM - SPR}

Next Step Substitute values of Variables

∴

SMM = \frac{6580}{6030 - 945}

Next Step Prepare to Evaluate

∴

SMM = \frac{6580}{6030 - 945}

Next Step Evaluate

∴

SMM = 1.29400196656834

LAST Step Rounding Answer

∴

SMM = 1.294

Single Month Mortality Formula Elements

Variables

Single Month Morality

Single Month Morality refers to the prepayment rate of a loan pool for a single month.

Symbol: SMM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Single Month Morality

Prepayment for a Month

Prepayment for a Month refers to the amount of principal on a loan or a pool of loans that is paid off ahead of the scheduled payments within a specific month.

Symbol: PFM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Prepayment for a Month

Beginning Mortgage Balance for Month

Beginning Mortgage Balance for Month refers to the outstanding principal amount of a mortgage at the start of a specific month.

Symbol: BMBM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Beginning Mortgage Balance for Month

Scheduled Principal Repayment for Month

Scheduled Principal Repayment for Month refers to the portion of a borrower's monthly mortgage payment that is allocated to reducing the outstanding principal balance of the loan.

Symbol: SPR

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Scheduled Principal Repayment for Month

Other formulas in Strategic Financial Management category

Go Earnings Yield

EY = (\frac{EPS}{MPS}) \cdot 100

Go Earnings Yield using PE Ratio

EY = (\frac{1}{PE}) \cdot 100

Go Dividend Rate

DR = (\frac{DPS}{CP}) \cdot 100

Go Share Exchange Ratio

ER = \frac{OPTS}{ASP}

How to Evaluate Single Month Mortality?

Single Month Mortality evaluator uses Single Month Morality = Prepayment for a Month/(Beginning Mortgage Balance for Month-Scheduled Principal Repayment for Month) to evaluate the Single Month Morality, Single Month Mortality measures the percentage of the remaining principal of the mortgage loans that are expected to be prepaid in a given month. Single Month Morality is denoted by SMM symbol.

How to evaluate Single Month Mortality using this online evaluator? To use this online evaluator for Single Month Mortality, enter Prepayment for a Month (PFM), Beginning Mortgage Balance for Month (BMBM) & Scheduled Principal Repayment for Month (SPR) and hit the calculate button.

FAQs on Single Month Mortality

What is the formula to find Single Month Mortality?

The formula of Single Month Mortality is expressed as Single Month Morality = Prepayment for a Month/(Beginning Mortgage Balance for Month-Scheduled Principal Repayment for Month). Here is an example- 1.294002 = 6580/(6030-945).

How to calculate Single Month Mortality?

With Prepayment for a Month (PFM), Beginning Mortgage Balance for Month (BMBM) & Scheduled Principal Repayment for Month (SPR) we can find Single Month Mortality using the formula - Single Month Morality = Prepayment for a Month/(Beginning Mortgage Balance for Month-Scheduled Principal Repayment for Month).

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Single Month Mortality Formula

Single Month Mortality Example

Single Month Mortality Solution

Single Month Mortality Formula Elements

Other formulas in Strategic Financial Management category

How to Evaluate Single Month Mortality?

FAQs on Single Month Mortality

Variable Name