Compatible with Excel 2010 and later versions. Loan Amortization Schedule with a balloon payment. More interest rate calculator Excel templates online: Loan Amortization Calculator Features Summary: Monthly, Quarterly, Semi-Annually, Annually payment options.
Download your free Excel template “Simple Loan Calculator” here If you entered your current balance in the Loan Amount, then for the Term enter the number of years you have left until your loan is paid off.Īs you can see, this Excel template is quite useful and easy to learn. Auto loans are usually between 2 and 5 years. You can also enter your current balance if you also adjust the Term of Loan to be the number of years left to pay off the loan.Ģ- Annual Interest Rate: This calculator assumes a fixed interest rate, and the interest is compounded each period.ģ- Payment (Per Period): This is the amount that is paid each period, including both principal and interest (PI).Ĥ- Term of Loan (in Years): Mortgage loans usually have 15 or 30-year terms. Enter 12 for Monthly, 52 for Weekly or 1 for Annual payments.ġ- Loan Amount: This is the amount that you have borrowed.
The calculator accommodates loans with up to 40 years (or 480 monthly payment. That’s where a loan amortization schedule template comes in handy. However, calculating payment amounts and planning a schedule can be tricky. If you take out a loan or mortgage, it’s essential to keep track of your payments. Please note that Periods Per Year is the number of payments per year. Printer friendly Excel Spreadsheet for creating a loan amortization schedule. Loan Calculator Excel - Get Free Simple Loan Payment Calculator. A quick description of these types of loan calculations is provided below: You can calculate 4 different types of loans with this free Excel template. Loan calculator with extra payments The default currency in this template is.
SIMPLE LOAN CALCULATOR MICROSOFT EXCEL TEMPLATES HOW TO
How to use the Simple Loan Calculator Excel Template You can find a template to track your loan payments and the outstanding.
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