Financial Model, General Excel Financial Models, Loans & Lending Businesses, Personal Finance

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Model Highlights

If you take out a loan or mortgage, it’s essential to keep track of your payments. However, calculating payment amounts and planning a schedule can be tricky. That’s where a loan amortization schedule template comes in handy.

An amortization schedule is a table that lists all payments that will be made on loan over time. An amortization calculator generates the payment amounts. The following loan calculator template provides a framework for quickly determining balances paid and owed for up to 3 different debts. They also list all scheduled payments over the lifetime of the loan and show the total amount that remains. This tool also will help you to choose the type of repayment – differentiated or annuity payments.

Annuity payment remains unchanged throughout the credit agreement. That means that you will pay for the loan by equal installments each month, consisting of accrued interest per loan and part in principal. In the case of differentiated payments, your payment will decrease because the debt will be extinguished in equal installments, and interest will accrue monthly on the balance of the debt.

Model Overview

Loan Calculator Excel

– Manage up to 3 different debts using this template

– Forecast your monthly principal and interest payments

– Predict the remaining loan balance monthly

– You can choose the type of repayment for each loan – differentiated or annuity payments

REPORTS and INPUTS

Increase your productivity with Excel Templates. Plan future Cash Flow Statements to avoid Cash Flow shortfalls. Manage finance with Budgeting Spreadsheets.

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