Excel Model: Fixed Payment Amortization Schedule
Title: Fixed Payment Amortization Schedule
Description:
This spreadsheet is used to create an amortization schedule for loans with fixed payments. It provides a detailed breakdown of each payment, including how much goes toward interest and principal, and tracks the remaining balance over time.
- Loan Details: Enter loan amount, annual interest rate, loan term, and payment frequency.
- Amortization Schedule: A detailed table showing each payment date, payment amount, principal portion, interest portion, and remaining balance.
- Summary: Provides an overview of total interest paid, total payments, and loan payoff details.
Source: Custom Calculator
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