View Single Post
  #2   Report Post  
Gary L Brown
 
Posts: n/a
Default Formula for int. paid when extra monthly pmts are made.

Create an amortization table with an 'extra payment' column?
HTH,
--
Gary Brown

If this post was helpful, please click the ''''Yes'''' button next to
''''Was this Post Helpfull to you?".


"Mortgage Man" wrote:

I am looking for a way to find the total interest paid on a loan, if the
borrower decides to make a fixed extra monthly payment toward principal. The
cumipmt function does not allow me to put in a pmt. Is there another way to
do this?

Thanks in advance