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joeu2004 joeu2004 is offline
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Default Mortgage amortization schedule with Interval Extra Payments

On Mar 17, 11:28 am, Jagaude wrote:
Based on a date, insert pmt in a cell depending on the interval that
was decided.
[....]
I would like to add an additional payment only every 2 months and
not every months.


Those are two very different requirements, the first being more
general than the second.

If all you want to do is make an additional payment every 2 months,
and if the additional payment is the same as the monthly payment (as
in your example), the following might meet your needs.

In the Additional Payment column (starting in E2 and copy down):

=if(E1="", C2, 0)



----- original posting -----

On Mar 17, 11:28*am, Jagaude wrote:
Can anyone help me with this challenge. I have an amortization
schedule calculating mortgages. Everything works fine except that I
would like to add a feature for interval extra payments. Does anyone
know how to do this?

Based on a date, insert pmt in a cell depending on the interval that
was decided.

Ex:

No. Due Date Payment Due Principal * Additional Payment Interest
Balance

1 03/07/2008 1,270.51 *218.76 * 1,270.51 *1,051.75 *249,083.73
2 04/07/2008 1,270.51 *225.01 * 1,270.51 *1,045.50 *247,588.21
3 05/07/2008 1,270.51 *231.29 * 1,270.51 *1,039.22 *246,086.41
4 06/07/2008 1,270.51 *237.59 * 1,270.51 *1,032.92 *244,578.31
5 07/07/2008 1,270.51 *243.92 * 1,270.51 *1,026.59 *243,063.88
6 08/07/2008 1,270.51 *250.28 * 1,270.51 *1,020.23 *241,543.09
7 09/07/2008 1,270.51 *256.66 * 1,270.51 *1,013.85 *240,015.92
8 10/07/2008 1,270.51 *263.07 * 1,270.51 *1,007.44 *238,482.34

I would like to add an additional payment only every 2 months and not
every months.

Cheers,

Jagaude