# Tag Info

Accepted

### Which mortgage should I pay off first? Same interest rate and mortgage length

You haven't accounted for what happens when the small loan is completely paid off. Seven years into the aggressive payoff schedule you need to shift all original principal and interest payment and the ...
• 136k

### Which mortgage should I pay off first? Same interest rate and mortgage length

However, I just started thinking, and because of the nature of amortized loans, I'm obviously paying quite a lot of interest in the beginning.... This is a common point of confusion, the portion of ...
• 69.1k

### If loans are sold at discount to other lenders, why isn't the same offer given to the debtor for payoff?

Theoretically, this could certainly work. Practically, however, it doesn't. The bank that originated your loan almost certainly packaged your loan with hundreds of other loans and sold it to an ...
• 26.5k
Accepted

### Loan: calculate number of monthly payments with fixed annual interest, fixed montly payment, and 1 additional payment per year

There may not be a closed-form formula to determine the length due to the extra periodic payment, but the algorithm can be done fairly easily in a spreadsheet: You need 5 columns: Month, Payment, ...
• 131k

### Does a 401(k) loan count as debt when calculating Debt-to-Income Ratio?

If a lender is going by conventional loan guidelines (i.e. Fannie Mae or Freddie Mac), they do not need to include a 401(k) loan as part of the DTI. Here's the link directly to Fannie Mae's guide.
• 21

### If loans are sold at discount to other lenders, why isn't the same offer given to the debtor for payoff?

I think there are two main reasons this doesn't happen. Firstly, it'd be a lot of admin hassle for them to offer a buyout to individual borrowers. They'd have to deal with any relevant consumer ...
• 27.9k
1 vote

### How to solve amortization schedule where 10% of the interest is paid back on 4th payment

Here is a quick solution done in Mathematica, using its computer algebra. Since the first payment is in October I presume the loan commences September, so the first month gains 30 days interest. ...
• 9,677
1 vote

### If loans are sold at discount to other lenders, why isn't the same offer given to the debtor for payoff?

The bank gave you \$100,000 for signing a contract that you pay them \$1000 a month for the next 100 months, plus 1/12th of 3 percent of the outstanding loan every month. That contract was worth \$100,...
• 22.4k

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