എക്സൽ മോഡൽ: ഫിക്സഡ് പേയ്‌മെന്റ് അമോർട്ടൈസേഷൻ ഷെഡ്യൂൾ

Title: Fixed Payment Amortization Schedule

 വിവരണം:

 

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.
  • സംഗ്രഹം: Provides an overview of total interest paid, total payments, and loan payoff details.

 

Advice/Tips:
  • Loan Details:
    • Ensure accurate entry of loan amount, interest rate, and loan term to generate a correct amortization schedule.
    • Update payment frequency if needed to match the actual payment schedule.

  • Amortization Schedule:
    • Review each row to understand how payments are split between interest and principal.
    • Regularly check the remaining balance to monitor progress toward loan payoff.

  • സംഗ്രഹം:
    • Use the summary to review total interest and payments to understand the overall cost of the loan.
    • Use this information to make informed decisions about refinancing or extra payments.

 

ഉറവിടം: 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:

 

  1. Loan Details Section:
    • Enter the loan amount, annual interest rate, loan term, and payment frequency.
      • Example values: Loan Amount – $150,000, Annual Interest Rate – 5.00%, Loan Term – 30 years, Payment Frequency – Monthly.

  2. Amortization Schedule:
    • Review the schedule for each payment date, including payment amount, principal portion, interest portion, and remaining balance.
      • Example values:
        • Payment Date: 1/1/2023, Payment Amount: $805.23, Principal Portion: $220.23, Interest Portion: $585.00, Remaining Balance: $149,779.77.
        • Payment Date: 2/1/2023, Payment Amount: $805.23, Principal Portion: $221.02, Interest Portion: $584.21, Remaining Balance: $149,558.75.

  3. സംഗ്രഹം:
    • Review total interest paid, total payments, and loan payoff details.
      • Example values:
        • Total Interest Paid: $86,537.13
        • Total Payments: $236,537.13

Why is interactive calculator useful:

This spreadsheet provides a clear and organized way to track the amortization of loans with fixed payments. It helps users see how each payment impacts the principal and interest, and how the loan balance decreases over time. This understanding can help users manage their loans more effectively and make informed financial decisions.

 

ഉറവിടം: Custom Spreadsheet

തീരുമാനം:

The Fixed Payment Amortization Schedule is an essential tool for managing and understanding the repayment of loans with fixed payments. It provides a comprehensive view of how each payment affects the loan balance and the distribution between interest and principal. Regular updates and reviews of this schedule can help users stay on track with their loan payments and make informed decisions about their financial strategy.

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