Overview

If you have up to 12 loans with varying interest rates and time remaining / terms, this model will help you structure the loans so they are paid off in the quickest way possible and will show the order in which to pay them off. This takes into account all loan factors including: term remaining, rate, amount remaining to be repaid and extra cash available to pay off principle per month.
You can configure the sheet to pay off based on highest total interest due or highest interest rate. It will show you how many days you have saved in not having to pay a mortgage anymore compared to if you just paid them all off on their regular schedules.
The ranking logic and dynamic formulas used here are really powerful and not that hard to follow along with. There is no VBA and it is all regular formula based.
The model is setup to solve for the lowest total interest paid given all the assumptions.

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