Loan Calculator - calculated and compounding daily charged monthly including fees

Jking0191

New Member
Joined
Mar 22, 2021
Messages
4
Office Version
  1. 2016
Platform
  1. Windows
Hi,

I am struggling to create a loan calculator where it takes in to account different values/fees that get added on a monthly/yearly basis. This probably makes no sense at all. but here's a break down of what I am trying to create using the info below.

If I lend someone today a loan for:
$100,000
  1. Comes with an initital establishment fee of $1000
  2. set up fee of $500
  3. admin fee of $200
Each month they are charged:
  1. monthly fee of $100
  2. an interest that is:
  3. 7.2% per annum
  4. It is calculated daily and charged monthly
Each year they are charged
  1. Annual compliance fee: $198
At the intervals of:
  1. 5 years
  2. 10 years
  3. 15 years

What do they owe me?
Please note: This would be calculated based on the assumption that a person makes no payments at all.

Thank you
 

Dave Patton

Well-known Member
Joined
Feb 15, 2002
Messages
4,670
Office Version
  1. 365
  2. 2010
Platform
  1. Windows
try
T202103a.xlsm
ABCDE
1Loan100,000.00
2Establishment fee1,000.00
3Setup500.00
4Administration200.00
5Monthly fee100.00
6Compliance annual fee198.005
7Interest7.2%0.0001973153,952.55
8Term5
9153,986.03
10Principal101,700.0033.48
11123-Mar-21102,421.90
12223-Apr-21103,128.01
5a
Cell Formulas
RangeFormula
C7C7=B7/365
E7E7=FV(B7/12,B8*12,0,-C10)+FV(B7/12,B8*12,-B5,0)+FV(B7,B8,-B6)
E9E9=VLOOKUP(E6*12,A11:C500,3)
E10E10=E9-E7
C10C10=SUM(B1:B4)
C11:C12C11=ROUND(C10*(B12-B11)*$C$7+$B$5+C10,2)+(MOD(A11,12)=0)*$B$6
B12B12=EDATE(B11,1)
 

Excel Facts

Using Function Arguments with nested formulas
If writing INDEX in Func. Arguments, type MATCH(. Use the mouse to click inside MATCH in the formula bar. Dialog switches to MATCH.

Dave Patton

Well-known Member
Joined
Feb 15, 2002
Messages
4,670
Office Version
  1. 365
  2. 2010
Platform
  1. Windows
a little cleaner
T202103a.xlsm
ABCD
1Loan$100,000.00
2Establishment fee$1,000.00
3Setup$500.00
4Administration$200.00
5Monthly fee$100.00
6Compliance annual fee$198.00
7Interest7.2%0.00019730.074424
8Term5
9
10Principal23-Mar-21101,700.00
11123-Apr-21102,421.90
12223-May-21103,128.01
5a
Cell Formulas
RangeFormula
C7C7=B7/365
D7D7=(1+B7/12)^12-1
C10C10=SUM(B1:B4)
B11:B12B11=EDATE(B10,1)
C11:C12C11=ROUND(C10+C10*(B11-B10)*$C$7+$B$5+(MOD(A11,12)=0)*$B$6,2)
 

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