Townsend Mortgage Company

Input Area
Today's Date: 10/25/2020
Pmts Per Year: 12

Down Amount Mortgage Rate Per # of Pmt % Date

Loan # House Cost Payment Financed Rate Period Years Periods Financed Financed
452786 $ 400,000 $ 80,000 $ 320,000 3.625% 0.302% 25 300 80.0% 5/1/2016
453000 $ 350,000 $ 60,000 $ 290,000 3.940% 0.328% 30 360 82.9% 11/3/2016
453025 $ 175,500 $ 30,000 $ 145,500 3.550% 0.296% 25 300 82.9% 4/10/2017
452600 $ 265,950 $ 58,000 $ 207,950 2.500% 0.208% 15 180 78.2% 10/14/2017
452638 $ 329,750 $ 65,000 $ 264,750 3.250% 0.271% 30 360 80.3% 2/4/2018

Summary Statistics
Down Amount
Statistics House Cost Payment Financed
Total $ 1,521,200 $ 293,000 $ 1,228,200
Average $ 304,240 $ 58,600 $ 245,640
Median $ 329,750 $ 60,000 $ 264,750
Lowest $ 175,500 $ 30,000 $ 145,500
Highest $ 400,000 $ 80,000 $ 320,000
# of Mortgages 5 $ 5 $ 5
 Reflective Summary :
1. This excel assignment helped me in fetching the concepts
of if function , PMT function , Vlookup function, etc .
2. I got to know how to find rate per period and # of pmt
Payoff periods including summary statistics which are the
Year integration of Total, average, median , lowest and highest of
2041 house cost , down payment and amount financed.
2046 3. The textbook helped me alot in getting through the
2042 understanding the formulas and concepts.
2032 4. This excel worksheet helped me in understanding different
2048 concepts which will help me in future business goals.
5. The class lectures and textbook helped me in decision
making process. The main decision was calculating monthly
PMI.
6. By applying some formulas i was getting different results .
The advantage of absolute reference was that it makes the
value of active cell absolute and also for the rest of the cells.
for example , in rate per period , first i divided E8 by B5 but
in E9 and rest of the cells in was getting error So, by making
the B5 absolute value by using absolute reference i got the
results without an error for the rest of the cells. It applies
same for the pmt periods, APR , etc.
7. First strategy was understanding the concepts of excel ,
Second was finding out the results through it and finally ,
analysing the results.
8. Overall, this is the good experience in understanding basic
concepts of excel. it enhances knowlegde in field of business
studies and calculations as well.
studies and calculations as well.
Townsend Mortgage Company
Input Area Years Rate
Today's Date: 10/25/2020 15 3.250%
# Pmts Per Year: 12 25 3.625%
PMI Rate: 0.38% 30 3.750%
Down Pmt Rate: 20.0%
Down Amount Monthly Monthly
Loan # House Cost Payment Financed % Down Years APR Payment PMI
392786 $ 425,750 $ 86,000 $ 339,750 20.2% 25 3.625% $1,723.73 $ -
393000 $ 335,900 $ 75,500 $ 260,400 22.5% 30 3.750% $1,205.95 $ -
393025 $ 205,500 $ 30,000 $ 175,500 14.6% 25 3.625% $890.40 $ 55.58
392600 $ 285,900 $ 50,000 $ 235,900 17.5% 15 3.250% $1,657.60 $ 74.70
392638 $ 329,900 $ 70,000 $ 259,900 21.2% 30 3.750% $1,203.64 $ -