Hi
May i know If i change the Loan Amount to 60%, can the formula start from 5th Payment?
Based on following example .
Purchase Price: $1,000,000
Interest Rate: 1.5%
Loan amount: 80% of purchase Price which is $800,000
Loan Tenure: 30 year
1st payment : 5% $50,000
2nd Payment : 15% $150,000
Loan Start from here Progressive Payment:
3rd Payment : 10% $100,000 Monthly installment based on $100,000
4th Payment : 10% $100,000 Monthly installment based on $100,000 + $100,000
5th Payment : 5% $50,000 Monthly installment based on $100,000 + $100,000 + $50,000
6th Payment : 5% $50,000
7th Payment : 5% $50,000
8th Payment : 5% $50,000
9th Payment : 25% $250,000
10th Payment : 15% $150,000
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