Comments on: Questions http://www.bretwhissel.net/blog Curiosities of a Rambling Mind Fri, 23 Jul 2010 20:40:26 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Bret Whissel http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-216 Bret Whissel Sat, 12 Jun 2010 17:14:38 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-216 Yes, I had made some cosmetic changes to the schedule output last night. While I was testing, I was looking at the formatting, not the data, so I missed my error. I noticed the flaw this morning, and I have corrected the program, so things should be back to normal. Yes, I had made some cosmetic changes to the schedule output last night. While I was testing, I was looking at the formatting, not the data, so I missed my error. I noticed the flaw this morning, and I have corrected the program, so things should be back to normal.

]]> By: wtwhite1977 http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-215 wtwhite1977 Sat, 12 Jun 2010 15:52:35 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-215 Hey Bret, Thanks for your calculator, I have used it religously for over 10 years!!! However, this morning something is wrong with the remaining principle, or principle balance. It is different than just several weeks ago. Thanks!!! Monty Hey Bret,

Thanks for your calculator, I have used it religously for over 10 years!!! However, this morning something is wrong with the remaining principle, or principle balance. It is different than just several weeks ago.

Thanks!!!
Monty

]]> By: josyanegreen http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-214 josyanegreen Thu, 03 Jun 2010 16:29:57 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-214 no I realized that after I wrote the message Thank you your calculator has been very helpful no I realized that after I wrote the message

Thank you your calculator has been very helpful

]]> By: Bret Whissel http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-213 Bret Whissel Thu, 03 Jun 2010 15:41:57 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-213 Hi, Josyane. Perhaps I'm misunderstanding your statement, but a down payment is not part of the amount to be financed, and so it is not part of the amortization. If you buy a $100,000 property with 20% down, you're only financing the remaining $80K. And though there may be a month's initial interest folded into the closing costs, there is no interest due on a down payment. If my assumption is mistaken, please correct me. Bret Hi, Josyane. Perhaps I’m misunderstanding your statement, but a down payment is not part of the amount to be financed, and so it is not part of the amortization. If you buy a $100,000 property with 20% down, you’re only financing the remaining $80K. And though there may be a month’s initial interest folded into the closing costs, there is no interest due on a down payment.

If my assumption is mistaken, please correct me.

Bret

]]> By: josyanegreen http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-212 josyanegreen Thu, 03 Jun 2010 15:33:27 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-212 Hi Bret, I was able to use your calculator and its great, I have one question. Is it possible to figure out the same information but with the balloon payment at the beginning(ie. down payment) Thank you for a prompt response Hi Bret,

I was able to use your calculator and its great, I have one question. Is it possible to figure out the same information but with the balloon payment at the beginning(ie. down payment)

Thank you for a prompt response

]]> By: Bret Whissel http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-210 Bret Whissel Tue, 18 May 2010 14:13:31 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-210 For any irregular payment schedule, you would need to use a spreadsheet or specialized loan-management software, and I don't keep track of what options there may be out there. For any irregular payment schedule, you would need to use a spreadsheet or specialized loan-management software, and I don’t keep track of what options there may be out there.

]]> By: harnettrealtor http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-209 harnettrealtor Tue, 18 May 2010 13:45:20 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-209 Can you tell me where to find an amortization calculator that allows for late payments, early paymets, etc... As a real estate investor, I really need this. Can you tell me where to find an amortization calculator that allows for late payments, early paymets, etc… As a real estate investor, I really need this.

]]> By: Bret Whissel http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-205 Bret Whissel Tue, 06 Apr 2010 19:02:56 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-205 I appreciate the props, ccabreja. Thanks! I appreciate the props, ccabreja. Thanks!

]]> By: ccabreja http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-204 ccabreja Sun, 04 Apr 2010 16:22:44 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-204 Brett, I just wanted to thank you for your wonderful calculator. I have posted a link to it on my website and I just wanted to say thank you. In my business, this is a very valuable tool and truly helps me to complete my website. Thanks again. You are awesome. Brett, I just wanted to thank you for your wonderful calculator. I have posted a link to it on my website and I just wanted to say thank you. In my business, this is a very valuable tool and truly helps me to complete my website. Thanks again. You are awesome.

]]> By: Bret Whissel http://www.bretwhissel.net/blog/calculator/more-questions/comment-page-2/#comment-203 Bret Whissel Fri, 05 Mar 2010 17:55:05 +0000 http://www.bretwhissel.net/blog/?page_id=76#comment-203 Hi, C.S. The interest calculation looks correct to me given the numbers you've provided. However, maybe you really wanted the payments to extend over 4 months, rather than 4 payments? (Specifying 24 pmts/year, 4 payments = 2 months.) If this is the case, then the interest turns out to be $106. 7 payments gets closer to your expected value with a total interest of $94.36. Hi, C.S. The interest calculation looks correct to me given the numbers you’ve provided. However, maybe you really wanted the payments to extend over 4 months, rather than 4 payments? (Specifying 24 pmts/year, 4 payments = 2 months.) If this is the case, then the interest turns out to be $106. 7 payments gets closer to your expected value with a total interest of $94.36.

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