+ Reply to Thread
Results 1 to 6 of 6

amortization schedule

  1. #1
    Registered User
    Join Date
    06-06-2018
    Location
    Florida
    MS-Off Ver
    2017
    Posts
    3

    Post amortization schedule

    I created a amortization schedule based off of a mortgage amortization so it is "front loading" the interest; however, I was asked to have this sheet calculate the interest in the first two years. Can anyone help me please with this? I am a little lost on how to calculate the interest in the first two years but keep everything else updating. I have uploaded my sheet. Any help would be MUCH appreciated.

    Hrrmmm, I can't attach a sheet for some reason? Would anyone know why?

  2. #2
    Administrator 6StringJazzer's Avatar
    Join Date
    01-27-2010
    Location
    Tysons Corner, VA, USA
    MS-Off Ver
    MS365 Family 64-bit
    Posts
    24,530

    Re: amortization schedule

    The paper clip icon does not work for attachments. Instead, under the text box where you type your reply click the Go Advanced button. On the next screen scroll down and click on Manage Attachments, which will show a pop-up window to Select and Upload a file. Then close the window.
    Jeff
    | | |會 |會 |會 |會 | |:| | |會 |會
    Read the rules
    Use code tags to [code]enclose your code![/code]

  3. #3
    Registered User
    Join Date
    06-06-2018
    Location
    Florida
    MS-Off Ver
    2017
    Posts
    3

    Re: amortization schedule

    I believe I added the attachment. Thank you for the help with this!
    Attached Files Attached Files

  4. #4
    Administrator 6StringJazzer's Avatar
    Join Date
    01-27-2010
    Location
    Tysons Corner, VA, USA
    MS-Off Ver
    MS365 Family 64-bit
    Posts
    24,530

    Re: amortization schedule

    calculate the interest in the first two years...but keep everything else updating.
    I don't understand the question. You have an amortization schedule which shows interest for every month for 60 months. You would just add the interest from months 1-24.

    =SUM(G10:G33)

    What am I missing?

  5. #5
    Registered User
    Join Date
    06-06-2018
    Location
    Florida
    MS-Off Ver
    2017
    Posts
    3
    Quote Originally Posted by 6StringJazzer View Post
    I don't understand the question. You have an amortization schedule which shows interest for every month for 60 months. You would just add the interest from months 1-24.

    =SUM(G10:G33)

    What am I missing?
    Sorry about not explaining it well. I need the ammorization to be for two years on the interest no matter the term, so for example anything over 24 months all the interest will be paid in the first 24 months.

  6. #6
    Administrator 6StringJazzer's Avatar
    Join Date
    01-27-2010
    Location
    Tysons Corner, VA, USA
    MS-Off Ver
    MS365 Family 64-bit
    Posts
    24,530

    Re: amortization schedule

    Quote Originally Posted by cstewart83 View Post
    Sorry about not explaining it well. I need the ammorization to be for two years on the interest no matter the term, so for example anything over 24 months all the interest will be paid in the first 24 months.
    I have never heard of a loan that pays all the interest up front. A "front-loaded" mortgage is the standard mortgage where your payment is made up of the interest due on remaining principal for that month, plus whatever principal is needed to complete the payment amount. That type of mortgage is considered front-loaded because the interest part of the payment starts out high then gradually decreases as you reduce the principal.

    The type of loan used when you just pay interest is the balloon mortgage, where you pay only interest for, let's say, two years, then at the end of the two years you owe a single balloon payment of all the principal (the strategy there is typically to refinance rather than actually make the balloon payment).

    I have never heard of a loan that pays all the interest in the first 24 months the continues to amortize the principal. I know how to do the arithmetic for all this but from a business standpoint it is not making sense and I want to clarify where you are getting your requirements from before I spend a lot of time on this.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Formula Help for Amortization Schedule
    By Colosimo87 in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 08-10-2017, 03:58 PM
  2. Tiered Interest Schedule and Loan Amortization Schedule
    By wh1968mbz in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 06-28-2015, 07:43 AM
  3. Amortization Schedule
    By AEvans190 in forum Excel General
    Replies: 4
    Last Post: 11-19-2014, 02:53 PM
  4. Debt Amortization Schedule
    By sabunabu in forum Excel General
    Replies: 4
    Last Post: 01-20-2011, 04:53 PM
  5. matching an amortization schedule
    By jone in forum Excel General
    Replies: 1
    Last Post: 02-17-2010, 06:19 PM
  6. [SOLVED] loan amortization schedule
    By red wagon in forum Excel General
    Replies: 0
    Last Post: 06-08-2005, 11:05 AM
  7. amortization schedule
    By peggy metro in forum Excel General
    Replies: 1
    Last Post: 02-15-2005, 06:45 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1