Comments on: How To: Mortgage Estimator Using a Spreadsheet http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Sun, 21 Mar 2010 11:06:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: bigcajunman http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/comment-page-1/#comment-1683 bigcajunman Fri, 06 Jun 2008 15:03:13 +0000 http://www.canajunfinances.com/?p=912#comment-1683 Waterloo needs to work on their SEO strategies then :-) I took some Act Sci coorses at Waterloo, this is where some of the ideas for this came from. --C8j Waterloo needs to work on their SEO strategies then :-)

I took some Act Sci coorses at Waterloo, this is where some of the ideas for this came from.

–C8j

]]> By: DAvid http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/comment-page-1/#comment-1682 DAvid Fri, 06 Jun 2008 14:55:42 +0000 http://www.canajunfinances.com/?p=912#comment-1682 Waterloo's might. However Marshal's is returned on the first page of a search! DAvid Waterloo’s might. However Marshal’s is returned on the first page of a search!

DAvid

]]> By: Big Cajun Man http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/comment-page-1/#comment-1681 Big Cajun Man Fri, 06 Jun 2008 14:26:48 +0000 http://www.canajunfinances.com/?p=912#comment-1681 I am sure the University of Waterloo's Actuarial profs also have some cool s/s too. I am sure the University of Waterloo’s Actuarial profs also have some cool s/s too.

]]> By: DAvid http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/comment-page-1/#comment-1673 DAvid Fri, 06 Jun 2008 00:19:04 +0000 http://www.canajunfinances.com/?p=912#comment-1673 Professor Marshal of York University offers a number of spreadsheet-based calculators at this site: http://www.yorku.ca/amarshal/mortgage.htm Have a look for the formulas used there. DAvid Professor Marshal of York University offers a number of spreadsheet-based calculators at this site: http://www.yorku.ca/amarshal/mortgage.htm

Have a look for the formulas used there.

DAvid

]]> By: Tax & Personal Finance Blogger http://www.canajunfinances.com/2008/06/04/how-to-mortgage-estimator-using-a-spreadsheet/comment-page-1/#comment-1668 Tax & Personal Finance Blogger Wed, 04 Jun 2008 19:04:00 +0000 http://www.canajunfinances.com/?p=912#comment-1668 Using the PMT funtion will give you the mayment to calculate a loan. It's a good estimator but for Canadian mortgages it will never be correct. This is because Canadian mortgages may have monthy, weekly, or bi-weekly payments but the interest only ever compounds twice a year. The really makes your interest calculation in the PMT function funky. Do a web search for "Canadian mortgage excel formula" and you'll find sites showing how you monkey with the formula. Using the PMT funtion will give you the mayment to calculate a loan. It’s a good estimator but for Canadian mortgages it will never be correct. This is because Canadian mortgages may have monthy, weekly, or bi-weekly payments but the interest only ever compounds twice a year.

The really makes your interest calculation in the PMT function funky. Do a web search for “Canadian mortgage excel formula” and you’ll find sites showing how you monkey with the formula.

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