Loan Parameters Loan Summary Information ...

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Accounting

Loan Parameters Loan Summary Information
$ 400,000 Principal Monthly Payment (P&I Only) $2,923.71
6.25% Annual Interest Rate Scheduled Number of Payments 240
3/1/2015 Date of First Payment Normal Payoff Date
20 Term of Loan (Years) Actual Number of Payments 225
12 Number of Payments Per Year Actual Payoff Date 11/1/2033
$100.00 Extra Payment Every Period Total of Extra Payments $22,500.00
Total of All Interest Payments $ 279,826.29
Payment Number Date Beginning Balance Regular Payment Interest Principal Extra Payment Ending Balance
1 3/1/2015 $ 400,000 2923.71281 $ 2,083.33 $ 840.38 $100.00 $ 399,059.62
2 4/1/2015 $ 399,059.62 2923.71281 $ 2,078.44 $ 845.28 $100.00 $ 398,114.34
3 5/1/2015 $ 398,114.34 2923.71281 $ 2,073.51 $ 850.20 $100.00 $ 397,164.14
4 6/1/2015 $ 397,164.14 2923.71281 $ 2,068.56 $ 855.15 $100.00 $ 396,208.99
5 7/1/2015 $ 396,208.99 2923.71281 $ 2,063.59 $ 860.12 $100.00 $ 395,248.87
6 8/1/2015 $ 395,248.87 2923.71281 $ 2,058.59 $ 865.12 $100.00 $ 394,283.74
7 9/1/2015 $ 394,283.74 2923.71281 $ 2,053.56 $ 870.15 $100.00 $ 393,313.59
8 10/1/2015 $ 393,313.59 2923.71281 $ 2,048.51 $ 875.20 $100.00 $ 392,338.39
9 11/1/2015 $ 392,338.39 2923.71281 $ 2,043.43 $ 880.28 $100.00 $ 391,358.10
10 12/1/2015 $ 391,358.10 2923.71281 $ 2,038.32 $ 885.39 $100.00 $ 390,372.71

Above are the loan parameters and loan summary information and part of the amortization table. I need help with the formula for finding the normal payoff date based on the scheduled number of payments. The normal payoff date should equal the date that corresponds with the payment number that is in the scheduled number of payments in the loan summary table.

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