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MORTGAG

PROBLEM STATEMENT
House Price
Down Payment
Amount Borrowed

$
$
$

EMI CALCULATION
Monthly Payments
Total Amount Paid
Excess Amount Paid

($821.85)
($197,244.23)
($104,244.23)

Breakdown of Payment
Payment Period
Principal Paid
Interest Paid

240
($143.73)
($678.13)

At the beginning - 1st Month


5th Month
12th Month
24th Month
36th Month
48th Month
60th Month
72nd Month
84th Month
96th Month
108th Month
120th Month
132nd Month
144th Month
156th Month
168th Month
180th Month
192nd Month
204th Month
216th Month
228th Month
240th Month

Principal Paid
($143.73)
($147.96)
($155.68)
($169.87)
($185.34)
($202.22)
($220.65)
($240.75)
($262.68)
($286.60)
($312.71)
#NUM!
($815.90)
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!

Interest Paid
($678.13)
($673.89)
($666.17)
($651.99)
($636.51)
($619.63)
($601.21)
($581.11)
($559.18)
($535.25)
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!

Total
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
($821.85)
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!
#NUM!

95,000.00
2,000.00
93,000.00

Interest Rate
Years
Payment Periods

MORTGAGE CALCULATION TABLE

0.0875
20
240 months

Future Value
Present Value
IRR
Instalment
Payment Period

Use PPMT
Use IPMt

Amt Borrowed

Interest Rate

($821.85)
91000
92000
93000
94000
95000
96000
97000
98000
99000

($821.85)
0.08
0.0825
0.085
0.0875
0.09
0.0925
0.095
0.0975
0.1

$531,790.77
($93,000.00)

240

60
-1877.988176
-1898.625409
-1919.262642
-1939.899874
-1960.537107
-1981.17434
-2001.811573
-2022.448805
-2043.086038

No of Periods
120
180
-1140.473429 -909.498272
-1153.006104 -919.492759
-1165.538779 -929.487245
-1178.071454 -939.481732
-1190.604129 -949.476218
-1203.136804 -959.470705
-1215.669479 -969.465191
-1228.202154 -979.459678
-1240.734829 -989.454164

240
-804.177
-813.014
-821.851
-830.688
-839.525
-848.362
-857.199
-866.036
-874.874

300
-748.151
-756.372
-764.594
-772.815
-781.036
-789.258
-797.479
-805.701
-813.922

60
-1885.704669
-1896.851405
-1908.037413
-1919.262642
-1930.527036
-1941.830541
-1953.173102
-1964.55466
-1975.975158

No of Periods
120
180
-1128.346628 -888.756438
-1140.669413 -902.230533
-1153.066907 -915.807789
-1165.538779 -929.487245
-1178.084696 -943.267923
-1190.704314 -957.14883
-1203.397285 -971.128955
-1216.163252 -985.207277
-1229.001853 -999.382759

240
-777.889
-792.421
-807.076
-821.851
-836.745
-851.756
-866.882
-882.121
-897.47

300
-717.789
-733.259
-748.861
-764.594
-780.453
-796.435
-812.538
-828.758
-845.092

5
12
24
36
48
60
72
84
96

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