Excel spreadsheet that calculates how a loan's terms will effect the borrower's payment obligations. The model is fully-customizable and accommodates loans with up to 500 payment periods.
The Quick and Easy Loan Calculator is the best way to see how a loan's terms will effect the borrower's payment obligations. The model is fully-customizable and accommodates loans with up to 500 payment periods.
Simply enter the principal amount, interest rate, payment frequency and the length of the loan and a payment table is automatically generated. View upcoming payments and each payment's breakdown between principal and interest. An additional feature is the ability to make extra payments each period.
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