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Yield Maintenance - Mortgage Prepayment Penalty

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I am trying to calculate the prepayment penalty on a commercal mortgage - it
is based on yield maintenance:

Loan Amt: $13,600,000.
Term to Maturity: 10 Yrs.
Amortization Term: 29 Yrs.
Interest Rate: 6.85%
Term Remaining to Maturity: 2 Yrs. 3 Mos.
Equivalent Yield of RemainingTerm Treasury: 4.25%


I would greatly appreciate any suggestions.




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Friends,

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Hello,

I would like to calculate the interest i would pay on a loan and the capital
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Hello guys,

I got a question regarding some financial maths:

I want to write a function in VBA that calculates the following:

C: coupon
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P = C/(1+y)^1 + C/(1+y)^2 + C/(1+y)^3 + ... + C/(1+y)^n + F/(1+y)^n

Now let's assume C, F and P are given, I want to obtain y with a VBA tool, what's my play?

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Hi there,

I'm new to Macros and have been looking around on the board and google for a while to try to do this myself, but haven't succeded and hope someone out there can help me.

Here's what i have and what i want to do:

I have, lets say 1000 individual mortgage loans with each loans characteristics in its own row. For example, the first loan is in row 1 with all of its mortgage characteristics (age, rate, term, balance, etc...) in columns A thru M. So loan two starts on row 2 and so forth.

I then have produced the amortization schedule based on this loans characteristics. The amortization table is on another sheet and takes up columns A-J.

What i want to do is create a macro that goes through and amortizes all 1000 mortgage loans and sums up certain columns in my amortization table and puts this data in its own sheet within the same workbook.

I can do this manually by amortizing each loan separately and adding the columns i want, but as you can imagine, it would take a very long time.

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Hi all,
The yield function in excel does not give the right value if I play around with the redemption value(% of par). I have checked this with other available online bond yield calculators such as
http://www.moneychimp.com/calculator...e=calc_bondytm

If I change the redemption value to 50 and the bond price to $50, ideally the coupon rate and the yield should be equal for any time period. While this happens in the calculator mentioned above, Excel gives me a different number. Is this actually a bug or am I missing the point?

Test this in Excel...

=YIELD("6/30/2009","6/30/2022",0.0958,50,50,2,0)

Also test different redemption and price values and compare them with the calculator above.


I am a mortgage consultant and I am trying to create a formula that will calculate APR with PMI. There is a catch though. The PMI will drop off in the middle of the loan. I would imagine it can be done using the RATE function, but I don't know how. Below is the a sample scinerio.

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I can calculate APR that does not take PMI into consideration accurately (enough) using:
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However, I don't know how to calculate the PMI into the formula. The PMI will cease to be necessary at 80% of the original loan value (A1) thus changing the monthly payment from $1,646.29 to $1,539.29

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Hi All! I am a new guy to the block and would appreciate some help concerning the following:

I need to calculate the proceeds of recurring payments at a fixed interest rate over a fixed term with one exception to the norm: Annually, the PAYMENTS grow bigger at a fixed rate (10% in the example).

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Hi there,

I'm having a few problems in preparing a loan amortisation schedule without using a goal seek function that will calculate principal and interest, where the interest is calculated on an Actual/360 day basis and the principal and interest payment each month is kept reasonable constant (it can move slightly depending on the numbers of days in the month but I'm trying if possible to keep it constant).

I've seen some information which uses the PMT formula for calculating monthly payments but this takes the interest rate and does a more simply division by 12 - unfortunately when I use this function and calculate interest using the A/360 days the balance at the end of the loan term doesn't equal zero.

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The Calculation of simple yield:

The Return*
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Investment*
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Looks like very easy but can't figure it out!?




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Please see attached.

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Cheers,
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