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Interest only mortgage

  1. #1
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    Interest only mortgage

    Hi guys, I'm a bit rusty with the PMT formula and nomatter how I try and work it, I cannot get the right answer. My results always gives the repayment answer. I only want to calculate interest on a principle sum outstanding for a period of time. Lets say 20 years, at 3.5% on 100,000. Please help!

  2. #2
    Forum Expert Jakobshavn's Avatar
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    08-17-2012
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    Re: Interest only mortgage

    See:

    http://www.excelforum.com/excel-gene...rest-only.html
    Gary's Student

  3. #3
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    Re: Interest only mortgage

    Thank you!

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