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Amortization Schedule

Anonymous
2024-02-11T21:40:08+00:00

I have an amortization schedule set up for a customer. She wants to pay extra per month and apply that extra to her principle. I do not think the formula in the schedule is counting the extra payment to her principle only. How do I do that ? thanks Jeff

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  1. Anonymous
    2024-02-12T07:00:32+00:00

    The file is helpful.

    But I'm afraid I won't have time to help you.

    Hopefully someone else will step in to help.

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  2. Anonymous
    2024-02-11T23:25:30+00:00

    Joeu2004,

    Thank you for your help.

    The link to the real schedule is below.

    https://docs.google.com/spreadsheets/d/1ypsql8NFKCjQM3XN16tQlOYqo0IHJ_Y6/edit?usp=sharing&ouid=109247690019390165959&rtpof=true&sd=true

    The extra principal payments begin on line 135 (10-7-2021) and continues through the rest of the schedule.

    There most likely will not be a balloon payment at the end. Just remaining balance due (Interest and principal).

    Please let me know if you can use the link.

    Thanks

    Jeffrey

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