Questions tagged [amortization]
any question related to the amortization of loan. Also refered to as EMI or repayment schedule
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Calculating Interest with Compute Method as Canadian - Semiannual
i'm trying to validate a software Interest Calculation.
The defaults given are as followed.
Interval: Monthly
Nominal Annual Rate: 10%
Disbursal Amount: $500,000
Disbursal Date 01/01/2018
Payment ...
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2
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Mortgage principal reduction
For a 30-year mortgage that started less than a year ago, how much will the monthly payment be after making an additional $100,000 payment towards the principal?
The mortgage currently has a balance ...
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How to calculate payment and accrued interest on a mortgage when one payment missed (D30)?
How is the interest and principal payment calculated when mortgage has already missed one payment? Are the new payments calculated off the new balance (non-amortized balance) or the original scheduled ...
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How to calculate EMI for Quarterly, Half yearly and Annual payments and generate amortization schedule?
I am a software engineer by profession. I am a newbie to finance. I am trying to create a loan amortization schedule. I have the formula for EMI= P*(r*(1+r)^n)/((1+r)^n)-1. How to apply it for ...
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How to calculate interest on Monthly Effective loans where duration greater than compounding
I have an amortization software and trying to manually calculate the interest accrued it calculated.
The Key values are:
Compounding: Monthly
Nominal Annual Rate: 10%
Day Count: 365
Principal: 500,...
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2
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Partially vs. Fully Amortized Loan
Isn't the article beneath wrong to interpret a Fully Amortized Loan as a loan with 7 years maturity? Isn't the correct comparator a Fully Amortized Loan with 30 years maturity, and 30 years ...
user102055
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Disposing of hardware item from current assets, is the reduction in assets posted to equity or special loss account?
I'm disposing of an old laptop that is broken and completely unusable. Let's say it was purchased for $1000 before taxes, already been accounted for in Current Assets since the date of purchase, and ...
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Calculating Amortization Payment Amount when first payment is early
How can I determine a fixed payment amount for a loan that has an early first payment?
Example:
Loan Amount: $100
Interest: 10%
Loan Date: January 1st, 2018
First Payment Date: January 15th, ...
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1
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What is the formula for loan payoff with daily compounded interest and annual payment?
I am trying to get the loan repayment amount for below data :
Loan Amount: $20,412.65
Payments (#): 10
Annual Interest Rate: 2.5%
Loan Date: 07/02/2018
First Payment Due: 09/02/2018 (next payment ...
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2
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How can I amortize 4 rates over a 30 year term?
I've been offered a HELOC modification with the following terms:
Beginning balance $148,148.59,
Initial rate and term is 1% for 60 months at a pmt of $374.60,
The 2nd term begins Jan of yr 6, at 2% ...
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What is the math used to calculate the impact that overpaying a mortgage has an an amortization table?
I'm in the classic 'pay extra on the house vs invest' argument with my partner (not the subject of this question) and I'm trying to understand what exactly happens when I pay extra on a mortgage. I ...
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2
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Credit Card Amortization via Principal-Only Payments
On a home loan amortization schedule, I can make the monthly payment and add the principal-only owing for the "next" payment along with it, and avoid paying the interest for that next month, which ...
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How do equity, amortization, and market value factor into net profit on a sold house?
TL;DR:
If I buy my first house at $500k using an FHA loan, and I want to eventually buy a $1MM home (with a conventional 20%-down loan), how do I calculate the time at which the sale of my first ...
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What's an easy way to create a floating amortization loan? [duplicate]
When dealing with a mortgage company, paying off a loan is quite simple. Now everything is online and most of the times you can pay more than the minimum payment each time. Each month the interest ...
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I own the condo but not the (13 year old) mortgage. What should I do?
This was my mother's home in Florida. She died and left it to me via ladybird deed. It has about $40,000 equity. I have been paying the mortgage out of my bank account for years - since long before ...
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