Overview

CALCULATE THE AMORTIZATION SCHEDULE OF A MORTGAGE OR CONSUMER LOAN, EITHER AT FIXED OR VARIABLE INTEREST RATE OR BOTH (most online calculators only accept fixed interest rates with standard monthly repayments)

 

This calculator will compute a mortgage or an amortised loan's periodic payment amount at the defined payment intervals, based on the principal amount borrowed, the term's length and the annual interest rate (fixed or variable), generating an amortisation schedule for the full term, also in chart form.

 

An amortization schedule is a complete table of periodic payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid-off at the end of its term. While each periodic payment is the same amount, early in the schedule the majority of each payment is what is owed in terms of interest, while later in the schedule the majority relates to the loan's principal. Thus, the shorter the term of the loan, the lower the interest paid.

 

The model requires the following data inputs:

  • Loan amount
  • Interest rate type (fixed, variable, mixed)
  • Interest rate
  • Term (number of years)
  • Installments frequency (monthly, quarterly, semi-annual, annual)
  • Date of first installment

 

Based on the above, the following information will be automatically generated:

  • Amount of periodic payment (principal plus interest)
  • Total payments (principal plus interests) at due date
  • Total interest payment at due date
  • Residual balance to date (principal)
  • Principal repaid to date
  • Interest paid to date
  • Interest paid in the current year (for tax deduction purposes)
  • full amortisation schedule

 

 

 

Reviews Add a review
No reviews yet

More From Domenico Cristarella

Browse our top rated business templates. See All
TRADING SYSTEM
1,728
69
This model is designed to support medium term traders who hold onto positions for days, weeks or even months. It is not intended…
ASSET PORTFOLIO REBALANCING TOOL
1,177
64
THIS TEMPLATE MAKES IT EASY TO PERFORM PORTFOLIO REBALANCING CALCULATIONS, IN ORDER TO DETERMINE QUANTITIES TO BE PURCHASED OR SOLD…
ASSETS CORRELATION MODEL
2,199
117
Achieve greater diversification in your asset allocation by using this tool to calculate the correlation coefficient between any two variables, including…
INFLATION CALCULATOR (NEW VERSION - 50 COUNTRIES)
2,691
119
This enhanced and updated version of the model includes two calculators: year-on-year inflation calculator flat rate inflation calculator The first…
RENT VS. BUY CALCULATOR
2,409
162
The model compares the net value generated by buying a home vs. renting one, until mortgage pay-off, assuming availability of…
PREPAID EXPENSE & UNEARNED INCOME CALCULATOR
3,234
193
THE MODEL CALCULATES MONTHLY AMORTIZATION FOR PREPAID EXPENSES AND/OR UNEARNED INCOME, GENERATING RELEVANT ACCOUNTING ENTRIES. Prepaid expenses represent expenditures that have been…
See All