Months remaining on amortization

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jeff2813

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Joined
Jul 17, 2019
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Hi there, i have an amortization table that shows the # of payments remaining in cell H13 but it is stagnate and deosn't change. The formula shows the payments remaining until the balance is zero but i would like the actual months remaining to automatically change. EX. Today date is Jan 27, 2020. 2 payments have taken place as of today so i would like it to look for today's date and change to say 10 payments remaining. Not sure if another formula is needed or just a modification. Thank You

Book1
ABCDEFGH
1Loan Amortization Schedule
2
3
4
5Loan
6Loan Amount 10,000.00 Rate (per period)0.417%
7Annual Interest Rate5.00%Total Payments 10,272.89
8Term of Loan in Years1Total Interest 272.89
9First Payment Date12/20/2019Est. Interest Savings -
10Payment FrequencyMonthly.
11Compound PeriodMonthly.
12Payment TypeEnd of PeriodBalance Today$8,367.80
13RoundingOn# Of Remaining Months12
20[42]
21Monthly Payment 856.07
22
57
58Amortization Schedule
59No.Due DatePayment DueAdditional PaymentInterestPrincipalBalance
6012/6/201910,000.00
61112/20/2019856.0741.67814.409,185.60
6221/20/2020856.0738.27817.808,367.80
6332/20/2020856.0734.87821.207,546.60
6443/20/2020856.0731.44824.636,721.97
6554/20/2020856.0728.01828.065,893.91
6665/20/2020856.0724.56831.515,062.40
6776/20/2020856.0721.09834.984,227.42
6887/20/2020856.0717.61838.463,388.96
6998/20/2020856.0714.12841.952,547.01
70109/20/2020856.0710.61845.461,701.55
711110/20/2020856.077.09848.98852.57
721211/20/2020856.123.55852.570.00
73      
74      
Borrowell
Cell Formulas
RangeFormula
D11D11=D10
H6H6=((1+D7/D15)^(D15/D14))-1
H7H7=SUM(F61:F840)+SUM(G61:G840)
H8H8=SUM(F60:F840)
H9H9=IF(AND(SUM(D61:D840)=0,roundOpt)," - ",(nper*(-PMT(rate,nper,loan_amount,,pmtType))-loan_amount)-H8)
H10H10=IF(AND(NOT(H840=""),H840>0.004),"ERROR: Limit is "&OFFSET(A841,-1,0,1,1)&" payments",".")
H11H11=IF(D15>D14,"Warning: negative amortization",".")
H12H12=VLOOKUP(TODAY(),B22:H149,7)
H13H13=IF(IF(D6*D7*D8*D9>0,1,0),MATCH(0.01,H61:H1001,-1)+1,"")
C21C21=D10&" Payment"
D21D21=IF(roundOpt,ROUND(-PMT(rate,nper,$D$6,,pmtType),2),-PMT(rate,nper,$D$6,,pmtType))
H60H60=$D$6
A61:A74A61=IF(H60="","",IF(roundOpt,IF(OR(A60>=nper,ROUND(H60,2)<=0),"",A60+1),IF(OR(A60>=nper,H60<=0),"",A60+1)))
B61:B74B61=IF(A61="","",IF(OR(periods_per_year=26,periods_per_year=52),IF(periods_per_year=26,IF(A61=1,fpdate,B60+14),IF(periods_per_year=52,IF(A61=1,fpdate,B60+7),"n/a")),IF(periods_per_year=24,DATE(YEAR(fpdate),MONTH(fpdate)+(A61-1)/2+IF(AND(DAY(fpdate)>=15,MOD(A61,2)=0),1,0),IF(MOD(A61,2)=0,IF(DAY(fpdate)>=15,DAY(fpdate)-14,DAY(fpdate)+14),DAY(fpdate))),IF(DAY(DATE(YEAR(fpdate),MONTH(fpdate)+(A61-1)*months_per_period,DAY(fpdate)))<>DAY(fpdate),DATE(YEAR(fpdate),MONTH(fpdate)+(A61-1)*months_per_period+1,0),DATE(YEAR(fpdate),MONTH(fpdate)+(A61-1)*months_per_period,DAY(fpdate))))))
C61:C74C61=IF(A61="","",IF(roundOpt,IF(OR(A61=nper,payment>ROUND((1+rate)*H60,2)),ROUND((1+rate)*H60,2),payment),IF(OR(A61=nper,payment>(1+rate)*H60),(1+rate)*H60,payment)))
F61:F74F61=IF(A61="","",IF(AND(A61=1,pmtType=1),0,IF(roundOpt,ROUND(rate*H60,2),rate*H60)))
G61:G74G61=IF(A61="","",C61-F61+D61)
H61:H74H61=IF(A61="","",H60-G61)
 

Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.

Peter_SSs

MrExcel MVP, Moderator
Joined
May 28, 2005
Messages
51,773
Office Version
  1. 365
Platform
  1. Windows
Duplicate to Months remaining on Amortization

Please do not post the same question multiple times. Questions of a duplicate nature will be locked or deleted, per #12 of the Forum Rules and points 6 & 7 of the Guidelines.

Any bumps, clarifications, or follow-ups should be posted to the linked thread.
 
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