Hi there,
I want have one excel file for calculating buy down amount but other part of that excel file i need to calculate buy-down rate. Will you please help me to find out buy-down rate please.Thank you. [TABLE="border: 0, cellpadding: 0, cellspacing: 0"]
[tr]
[TD="width: 393, colspan: 2"]RATE BUYDOWN - SOLVE FOR RATE[/TD]
[TD="width: 36"] [/TD]
[TD="width: 394, colspan: 2"]RATE BUYDOWN - SOLVE FOR AMOUNT[/TD]
[TD="width: 40"] [/TD]
[TD="width: 64"] [/TD]
[TD="width: 64"] [/TD]
[TD="width: 146, colspan: 2"]P&I Payments[/TD]
[TD="width: 64, align: center"]#DIV/0![/TD]
[TD="width: 54"] [/TD]
[TD="width: 128, colspan: 2"]P&I Payments[/TD]
[TD="width: 64, align: right"]1674.566[/TD]
[TD="width: 64"] [/TD]
[TD="width: 185"]M12*O3*(O6/(O6-1))[/TD]
[/tr]
[tr]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Bought Down Factor[/TD]
[TD="align: right"]0[/TD]
[td][/td]
[TD="colspan: 2"]Bought Down Factor[/TD]
[TD="align: right"]0.001577[/TD]
[td][/td]
[td]
(1+M14/M15)^(M15/M16)-1
[/td]
[/tr]
[tr]
[td]
Payment Frequency
[/td]
[TD="align: left"] [/TD]
[td][/td]
[td]
Payment Frequency
[/td]
[TD="align: left"] [/TD]
[td][/td]
[td][/td]
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[/tr]
[tr]
[td]
Outstanding Principal:
[/td]
[td]
$ -
[/td]
[td][/td]
[td]
Outstanding Principal:
[/td]
[td]
$ 400,000.00
[/td]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Term Bought Down Factor[/TD]
[TD="align: right"]1[/TD]
[td][/td]
[TD="colspan: 2"]Term Bought Down Factor[/TD]
[TD="align: right"]1.01909[/TD]
[td][/td]
[td]
(1+O3)^((E6/12)*M16)
[/td]
[/tr]
[tr]
[td]
Term (months):
[/td]
[TD="align: right"]0[/TD]
[td][/td]
[td]
Term (Months):
[/td]
[TD="align: right"]12[/TD]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Amortization Factor[/TD]
[TD="align: right"]1[/TD]
[td][/td]
[TD="colspan: 2"]Amortization Factor[/TD]
[TD="align: right"]1.604413[/TD]
[td][/td]
[td]
(1+O3)^((E7/12)*M16)
[/td]
[/tr]
[tr]
[td]
Amortization Period (months):
[/td]
[TD="align: right"]0[/TD]
[td][/td]
[td]
Amortization (Months):
[/td]
[TD="align: right"]300[/TD]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Maturity Balance[/TD]
[TD="align: center"]#DIV/0![/TD]
[td][/td]
[TD="colspan: 2"]Maturity Balance[/TD]
[TD="align: right"]387366.1[/TD]
[td][/td]
[td]
M12*O5-(O2/O3*(O5-1))
[/td]
[/tr]
[tr]
[td]
Current Mortgage Rate:
[/td]
[TD="align: right"]0.000%[/TD]
[td][/td]
[td]
Current Mortgage Rate:
[/td]
[TD="align: right"]3.260%[/TD]
[td][/td]
[td][/td]
[td][/td]
[td]
Yield Factor
[/td]
[td][/td]
[TD="align: right"]0[/TD]
[td][/td]
[TD="colspan: 2"]Yield Factor[/TD]
[TD="align: right"]0.002698[/TD]
[td][/td]
[td]
(1+M13/M15)^(M15/M16)-1
[/td]
[/tr]
[tr]
[td]
Buydown Amount:
[/td]
[td]
$ -
[/td]
[td][/td]
[td]
Buydown Rate:
[/td]
[TD="align: right"]1.900%[/TD]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Term Yield Factor[/TD]
[TD="align: right"]1[/TD]
[td][/td]
[TD="colspan: 2"]Term Yield Factor[/TD]
[TD="align: right"]1.032866[/TD]
[td][/td]
[td]
(1+O8)^((E6/12)*M16)
[/td]
[/tr]
[tr]
[td]
Mortgage Payment:
[/td]
[TD="align: right"]0.00[/TD]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[td][/td]
[TD="colspan: 2"]Present Value[/TD]
[TD="align: center"]#DIV/0![/TD]
[td][/td]
[TD="colspan: 2"]Present Value[/TD]
[TD="align: right"]394786.9[/TD]
[td][/td]
[td]
O7/O9+O2*(O9-1)/(O8*O9)
[/td]
[/tr]
[tr]
[td]
Buy-down Rate:
[/td]
[TD="align: right"]0.000%[/TD]
[td][/td]
[td]
Buydown Amount:
[/td]
[td]
$ 5,213.14
[/td]
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[/tr]
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[TD="align: right"]0.00[/TD]
[td][/td]
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[TD="align: right"]400000[/TD]
[td][/td]
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[/tr]
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[TD="align: right"]0.000%[/TD]
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[TD="align: right"]3.260%[/TD]
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[/tr]
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[TD="align: right"]7[/TD]
[TD="align: right"]0.000%[/TD]
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[TD="align: right"]1.900%[/TD]
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[TD="align: right"]2[/TD]
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[TD="align: right"]2[/TD]
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[TD="align: right"]12[/TD]
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[TD="align: right"]12[/TD]
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[TD="align: right"]1[/TD]
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[TD="align: right"]1[/TD]
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Monthly
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Monthly
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[TD="colspan: 2"]Semi Monthly[/TD]
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[TD="colspan: 2"]Semi Monthly[/TD]
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Bi- Weekly
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[TD="colspan: 2"]Bi- Weekly[/TD]
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Weekly
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Weekly
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[/TABLE]