Questions tagged [amortization]
any question related to the amortization of loan. Also refered to as EMI or repayment schedule
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How to calculate the payments going into interest and principal on a reverse amortization loan?
I'm trying to figure out the relative amount of the payments that are going towards interest and principal each period with a loan in which you pay more towards principal in the beginning and have it ...
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Calculating Interest Accrued for a late payment
I'm trying to calculate the interest accrued on my amortization schedule manually. I can calculate it fine if payments are exactly one month apart but this payment is More than 1 month apart.
This ...
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Calculating Interest Accrued With an Uneven Interval
I'm trying to calculate the interest accrued on my amortization schedule manually. I can calculate it fine if payments are exactly one month apart but this payment is less than 1 month apart.
Last ...
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How to calculate APR for a fixed rate loan due before amortization end date?
I need help with the following question for a homework assignment related to finding the APR for an investment class. Here's the question:
Calculate the APR for a $500000 fixed rate loan amortized ...
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Income statement- amortization and depreciation
I am teaching myself financial modelling and I am looking at income statements. I have come across tutorials that calculate EBITDA through the calculation:
Gross profit - SG&A
Underneath the ...
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Calculating amortisation payment amount, where first payment date differs from loan start date
I'm trying to reproduce the schedule, but I cant seem to get the same Payment and Interest for each month. The tricky part here is that the Loan start date is 9 Feb 2017 but the first payment is only ...
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Term loan overpayment options: applied to principal, or...?
Twice in my life now (as of yesterday) I've found myself in a very confusion situation after having made higher-than-scheduled payments on a term loan for an extended period of time.
The first time, ...
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How do I calculate the principal paid down on a mortgage?
I'm looking for an equation to find out the current principal on a mortgage. I have the following variables:
n periods
monthly payment amount
interest rate of mortgage
I'd like to know how much I'd ...
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Calculate an even payment loan with a irregular first term
How can I determine a fixed payment amount for a loan that has an irregular first term?
Loan Amount: 1000. Term 12 months. Interest rate 10% annual. Loan date 9/1. First payment 10/1. Payments are ...
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Mortgage change of terms (lower rate) increases payment amounts
My bank now offers lower interest rates than what I got when I first started my mortgage. I called to see about changing my terms (lower rate, same payoff date), and they said it would actually ...
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Calculating interest accrued with extended Initial Payment Date
I'm wondering how do I calculate the interest accrued if the intervals aren't perfect. For example
Principal - $100,000
Interest - 8%
Compounding monthly
Disbursal Date - January 1st, 2016
Initial ...
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What is the difference between an amortized loan and a non-amortized loan?
As an example, my parents told me that their current car loan is amortized. Does that make any practical difference to how they pay off their loan, as opposed to if their loan had not been amortized?
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Calculating interest accrued for 30/360
my typical interest calculation is Actual/Actual or Actual/365. I'm curious to how 30/360 should be calculated if the duration is not from beginning of the month to the end of the month.
For example
...
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How to recalculate an amortization table after making a large payment?
I have an auto loan I wish to apply a very large amount to. I have a amortization table that shows me details for each payment I make. Here's where it gets complicated...
My lender does not allow ...
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Checking the math on a Truth-in-Lending Disclosure
Here is a shot of an actual Truth-in-Lending statement for a real home mortgage (mine). I'm trying to check the numbers but they seem slightly off:
It's a 30-year fixed rate mortgage. The annual ...
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