- Sep 9, 2011
- Reaction score
- Troy, Missouri, United States
I am trying to create my own excel calculator that will solve for cell G4. What is the unpaid balance at the date of the sale with the variables taken into consideration from cells D3 through D13. So, if a $500,000.00 loan was amotorized over 40 years, had an initial rate of 6% and the first payment date was 12/1/2000…..the result would be simple. However, with a twist thrown in there where the rate was reduced from 6% to 4% from 5/15/2002 through 5/15/2003, that would change things. Then….payments stopped for whatever reason on 8/1/2009 and the property was later sold on 10/15/2011.