If Function Help for Real Estate Title Ins Calc

[jrobertsandco]

Need help with a title insurance Calculation

Title isnsurance is based on sales price
0-100,000 is 5.75 per 1,000
100,001 - 1,000,000 is 5.00 per 1,000
1,000,001 to 5,000,000 is 2.50 per 1,000
5,000,001 to 10,000,000 is 2.25 per 1,000
Over 10,000,001 add 2.00 per 1,000

I was thinking this was the start:

=IF(B3<100000,INT(B3/1000)*5,750+INT((B3-100000)/1000)*5)
(assuming the sales price is in cell B3)

But i cannot get it to add the other "levels" it comes back as "false"

Can anyone provide me with the complete formula?

 

[shg]

Welcome to the board.

Try this:

=SUMPRODUCT((A1>{0;1;10;50;100}*100000)*(A1-{0;1;10;50;100}*100000)*{575;-75;-250;-25;-25}/100000)

575 is the initial rate, and the negative numbers are the change in rate at each breakpoint.

 

[Richard Schollar]

Hi & Welcome to the Board

Try this:

<b>Excel 2002</b><table cellpadding="2.5px" rules="all" style=";background-color: #FFFFFF;border: 1px solid;border-collapse: collapse; border-color: #A6AAB6"><colgroup><col width="25px" style="background-color: #E0E0F0" /><col /><col /><col /></colgroup><thead><tr style=" background-color: #E0E0F0;text-align: center;color: #161120"><th></th><th>A</th><th>B</th><th>C</th></tr></thead><tbody><tr ><td style="color: #161120;text-align: center;">1</td><td style="font-weight: bold;;"> Boundary </td><td style="font-weight: bold;;">Rate</td><td style="font-weight: bold;;">Differential Rate</td></tr><tr ><td style="color: #161120;text-align: center;">2</td><td style="text-align: right;;"> - </td><td style="text-align: right;;">0.575%</td><td style="text-align: right;;">0.575%</td></tr><tr ><td style="color: #161120;text-align: center;">3</td><td style="text-align: right;;"> 100,001.00 </td><td style="text-align: right;;">0.500%</td><td style="text-align: right;;">-0.075%</td></tr><tr ><td style="color: #161120;text-align: center;">4</td><td style="text-align: right;;"> 1,000,001.00 </td><td style="text-align: right;;">0.250%</td><td style="text-align: right;;">-0.250%</td></tr><tr ><td style="color: #161120;text-align: center;">5</td><td style="text-align: right;;"> 5,000,001.00 </td><td style="text-align: right;;">0.225%</td><td style="text-align: right;;">-0.025%</td></tr><tr ><td style="color: #161120;text-align: center;">6</td><td style="text-align: right;;"> 10,000,001.00 </td><td style="text-align: right;;">0.200%</td><td style="text-align: right;;">-0.025%</td></tr><tr ><td style="color: #161120;text-align: center;">7</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">8</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">9</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">10</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">11</td><td style="text-align: right;;"></td><td style="text-align: right;;"></td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">12</td><td style=";"> Value </td><td style=";">Title Ins</td><td style="text-align: right;;"></td></tr><tr ><td style="color: #161120;text-align: center;">13</td><td style="text-align: right;;"> 7,500,000.00 </td><td style="text-align: right;;"> 20,700.00 </td><td style="text-align: right;;"></td></tr></tbody></table><p style="width:4.2em;font-weight:bold;margin:0;padding:0.2em 0.6em 0.2em 0.5em;border: 1px solid #A6AAB6;border-top:none;text-align: center;background-color: #E0E0F0;color: #161120">Sheet15</p><br /><br /><table width="85%" cellpadding="2.5px" rules="all" style=";border: 2px solid black;border-collapse:collapse;padding: 0.4em;background-color: #FFFFFF" ><tr><td style="padding:6px" ><b>Worksheet Formulas</b><table cellpadding="2.5px" width="100%" rules="all" style="border: 1px solid;text-align:center;background-color: #FFFFFF;border-collapse: collapse; border-color: #A6AAB6"><thead><tr style=" background-color: #E0E0F0;color: #161120"><th width="10px">Cell</th><th style="text-align:left;padding-left:5px;">Formula</th></tr></thead><tbody><tr><th width="10px" style=" background-color: #E0E0F0;color: #161120">C2</th><td style="text-align:left">=B2-N(<font color="Blue">B1</font>)</td></tr><tr><th width="10px" style=" background-color: #E0E0F0;color: #161120">C3</th><td style="text-align:left">=B3-N(<font color="Blue">B2</font>)</td></tr><tr><th width="10px" style=" background-color: #E0E0F0;color: #161120">B13</th><td style="text-align:left">=SUMPRODUCT(<font color="Blue">(<font color="Red">A13>$A$2:$A$6</font>)+0,A13-$A$2:$A$6,$C$2:$C$6</font>)</td></tr></tbody></table></td></tr></table><br />

 

[jrobertsandco]

Yes, Both work perfectly! Thank you so much for the help. This board is great!