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in Excel
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Mortgages
in Excel |
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Here's how you can put mortgage calculations in your excel spreadsheet:
- Here is the fields you need and the calculations that go with
them. Put them anywhere in your spreadsheet and just adjust the
locations in the calculations.
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A |
B |
1 |
User Inputs |
|
2 |
Loan |
how much the mortgage is for |
3 |
Interest Rate |
the nominal interest rate |
4 |
Compounding Frequency |
how many times a year the mortgage is compounded. US is
12, Canada is 2 and loans are 12. |
5 |
Payment Frequency |
monthly is 12 biweekly is 26 |
6 |
Term of years |
number of years the mortgage is for |
7 |
Calculations |
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8 |
Interest rate per period |
=((1+$B$3/($B$4))^($B$4/$B$5)-1) |
9 |
Holding periods |
=$B$6*$B$5 |
10 |
Payment Amounts |
=PMT($B$8,$B$9,$B$2)
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