There is nothing special about this annuity calculator except: All input is with sliders Each line of the results are one cell text and formulas The dollar growth and payout balances are charted You can pick from monthly deposits or lump sum deposit Inputs: Outputs: Download workbook “Annuity” from: http://www.pistulka.com/Excel_Shared/ Downloads Written in Excel […]

## Decision Tree for Notice of Defaults

After the housing bubble crash, defaults on mortgage loans became a big problem for financial institutions. A large number of homeowners either could not or would not continue to make payments on homes that were “underwater” (home value less than the amount owed on mortgages and other liens). After 90 days of no payments, a […]

## Two Mortgage Payoff Tables

Assuming you don’t have a balloon payment on your fixed rate 30-year mortgage, these two tables may be helpful. Table1 will tell you when your mortgage will be paid off, given making extra payments each month. Table2 is the reverse of Table1, in that you give it the number of years you want to have […]

## Credit Card Payoff

When you get your credit card bill you might see a box that tells you how long it will take to pay off the balance if you make the minimum payment. This spreadsheet shows the payoff years, give a minimum payment of the greater of: A percent of the balance A dollar amount The percent […]

## Sum Amounts Sold During Month & Year

You have a table of products, sales dates, and amounts: Objective: Sum all sales amounts , from the same product, during a certain month and year. Input in yellows cells only, any date within the month and year to be summed and a product code: The answer has two formulas that are the same formula except one […]

## Delay Payments?

I don’t know if this calculator will be useful to anyone, but I used it to decide when to start collecting Social Security. I’m sure there are other situations where this spreadsheet may come in handy, although as I write this, none come to mind. My plan was to work until I was 70. So should I take S.S. at […]

## Simple Mortgage Refi Break-Even

If you do a search, you will find dozens of mortgage refinance calculators on the internet, most on sites of companies that want to sell you a new loan. The big problem with calculating break-even (when the new lower interest rate, will cover the cost to refinance) is: What happens to the difference in monthly payments Where did the money used to […]

## Forward Rates Part 3: Spot Rates

A newer version with four bootstrap methods can be found at: A Forth Way To Bootstrap Spot Rates This method of calculating spot rates is referred to as the bootstrapping method. Each spot rate (or zero coupon) along the Treasury yield curve needs the previous spot rates, in order to discount the current securities coupon payments. […]

## Forward Rates Part 2: Forward Yield Table

In the last post, Forward Rates Part 1: Gap Analysis, we calculated the forward rate for a two year fixed rate investment, five years from now. Here is a review of the math: Why is everything multiplied by 2? That’s because we are assuming semiannual compounding. First we calculate the value of $1 in 5 years at […]

## Forward Rates Part 1: GAP Analysis

Gap Analysis, sometimes referred to as breakeven analysis, will get us 3/4 of the way to understanding forward rates. There are three different interest rates involved with gap analysis: Term Rate: Security with the longest term to maturity. Head Rate: A shorter maturity alternative to the Term Rate. Tail Rate: A rate that starts at the end of […]

## Lump Sum Calculator

Last week I showed a cash flow calculator for even cash flows give dates. This next calculator solves for one time (lump sum) cash flows. Excel has built in functions for all of these, but this one is slightly different , in that it uses dates as inputs for time. The advantage is that all […]

## Even Cash Flow Calculator

This worksheet just might make calculating things like loan payments, the amount that could be borrowed, the interest rate, etc. a little easier than the HP-12C calculator, with Reverse Polish Notation, you have been holding onto for the last 30 years. Their are five inputs to the calculator: Rate Cash Flow (Payment) Number of Cash Flows Present […]

## Interpolation

There has been an addition to the spreadsheet, explained in the post: Simplified Linear Interpolation of Treasury Rates Back in the day, when I was building a pricing model for mortgages that would be sold to FNMA, I ran into a problem with their pricing tables. The table below shows the problem. The X column […]

## APR Calculator for PayDay Loans

Most banks and credit unions offer payday loans. So do many check cashing stores and online sites. You can find payday loan calculators online, but as far as I can find, they don’t give the option of telling you if the fee or interest charged is upfront or at the end of the loan. For […]

## Valuing Servicing With CPR

Long before I wrote user defined functions for valuing servicing on a pool of mortgages, I developed amortization tables to understand the cash flows and proof my VBA. The amortization schedule provided below is not the typical amortization. It has a number of uses besides explaining the math of constant prepayment rates (CPR) and servicing. For example, if you […]