Excel Model: Loan Interest Rate Amortization Schedule

TĆ­tulo: Loan Interest Rate Amortization Schedule

Ā DescripciĆ³n:

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This spreadsheet provides a detailed view of loan information and the amortization schedule. It includes sections for loan details, borrower information, and the breakdown of loan payments over time.

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  • Loan Information:
    • Details such as the name on the loan, company, address, contact number, lender web, contact email, loan type, and date of loan.
  • Amortization Schedule:
    • Breaks down each payment into principal and interest components, showing the remaining balance after each payment.

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Advice/Tips:
  • Loan Information:
    • Ensure all loan details are accurately entered to provide a clear understanding of the loan terms and conditions.
  • Amortization Schedule:
    • Regularly review the amortization schedule to track the progress of loan repayment and understand how payments are applied to principal and interest.

Fuente: Custom Calculator

Click the following icon to open the full workbook viewer in a new tab, allowing you to easily edit and save.

Click the following icon to download the spreadsheet, allowing you to save the file on your computer along with edits.

Example of using calculator:

Detailed example of using Spreadsheet: Tasks for user to complete:

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  1. Loan Information Section:
    • Enter details of your loan.
      • Example values:
        • Name on Loan: John Doe
        • Company: Capital Bank
        • Loan Type: Mortgage
        • Date of Loan: 05-Mar-2024

  2. Amortization Schedule:
    • Review the breakdown of payments to see how they are applied to the principal and interest.
      • Example values:
        • Payment 1: Principal $500, Interest $250, Remaining Balance $99,500
        • Payment 2: Principal $505, Interest $245, Remaining Balance $98,995

Why is interactive calculator useful:

This spreadsheet helps users keep track of their loan repayment process by providing a clear and detailed breakdown of each payment. It allows users to see how much of each payment goes toward the principal and interest, as well as the remaining balance over time.

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Fuente: Custom Spreadsheet

ConclusiĆ³n:

The Loan Interest Rate Amortization Schedule is an essential tool for managing loan repayments. By providing a detailed and organized approach to tracking payments, it helps users understand their loan terms and repayment progress. Regular updates and reviews ensure that the loan information remains accurate and aligned with the current repayment status

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