Formula to determine principal pay down

elisaleach

Board Regular
Joined
Aug 19, 2003
Messages
82
I need a formula to determine the amount of principal i have to pay down in order to get a loan back into compliance. need to set up and forecast what the pay down would have to be in the future as well.
For example, i need 1.10 coverage which i miss by $150,000. With a current principal balance of $17,000,000 on a 7% 25 yr am, what formula can i set up?
Thanks
 

Excel Facts

Highlight Duplicates
Home, Conditional Formatting, Highlight Cells, Duplicate records, OK to add pink formatting to any duplicates in selected range.
I'm not entirely sure what you're trying to achieve, but it looks to me like you could use the solver function
 
Upvote 0

Forum statistics

Threads
1,215,679
Messages
6,126,181
Members
449,296
Latest member
tinneytwin

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top