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Author: admin | Category: Calculateur De Pret Auto | Date: 02.01.2016

The spreadsheet is easy to use and navigate; required parameters are highlighted, and drop-down menus let you change the payment frequency and compounding period. This tool also generates a payment schedule, giving the date of each payment (and the interest and principal paid of every payment, and the balance). So what this this auto payment calculator do better than the other calculators you can find littering the Internet? This alters the amount of each payment, and the total interest paid at the end of the loan.
This article describes how this spreadsheet calculates interest payments (the article is targeted at mortgages, but the theory and math is exactly the same). This spreadsheet creates an amortization table and graphs for an adjustable rate mortgage (ARM) loan, with optional extra payments.
Note: The newest version of the home mortgage calculator does almost everything this calculator can do.
There are many types of ARMs, but this spreadsheet provides a way to calculate estimated payments for a Fully Amortizing ARM (the most common type of ARM). If a home is purchased during a period in which interest rates are extremely low, you might expect the rates to gradually increase. An amortization schedule is a list of payments for a mortgage or loan, which shows how each payment is applied to both the principal amount and the interest. This spreadsheet-based calculator creates an amortization schedule for a fixed-rate loan, with optional extra payments. Start by entering the total loan amount, the annual interest rate, the number of years required to repay the loan, and how frequently the payments must be made. The payment frequency can be annual, semi-annual, quarterly, bi-monthly, monthly, bi-weekly, or weekly. The Commercial Version allows you to use this spreadsheet in your loan or financial advisory business.
The header includes a place for the borrower's name and your company info: View Screenshot. The Vertex42 logo and copyright are outside the print area so that they don't show up when you print the schedule. This spreadsheet provides a more advanced way to track actual payments than the Payment Schedule included in the standard Loan Amortization Schedule. Usually, the interest rate that you enter into an amortization calculator is the nominal annual rate. Basic amortization calculators usually assume that the payment frequency matches the compounding period. Some loans in the UK use an annual interest accrual period (annual compounding) where a monthly payment is calculated by dividing the annual payment by 12.
There are two scenarios in which you could end up with negative amortization in this spreadsheet (interest being added to the balance). A loan payment schedule usually shows all payments and interest rounded to the nearest cent. When an amortization schedule includes rounding, the last payment usually has to be changed to make up the difference and bring the balance to zero.
With this template, it is really quite simple to handle arbitrary extra payments (prepayments or additional payments on the principal). If you are on your last payment or the normal payment is greater than (1+rate)*balance, then pay (1+rate)*balance, otherwise make the normal payment. An amortization chart is created from an amortization table or amortization schedule to show visually how the balance, cumulative interest, and principal change over time.
In the chart below, you'll see how the Balance decreases over time for a fixed-rate mortgage loan.
Instead of two different balances on a single graph, you can also compare different loans by making modifications within a spreadsheet and watching the chart as it changes. Use this basic amortization spreadsheet to see how to create an amortization and payment chart in Excel. One of the tricks to creating a chart like this in Excel is knowing what type of chart to use, and how to make it work for a variable length amortization table. For the X-axis, use the NA() function to avoid displaying the portion of the range after the last payment. Disclaimer: This spreadsheet and the information on this page is for illustrative and educational purposes only. Note: The download includes an extended version of the credit repair edition for listing 20 creditors, and a link to a Google Sheets version for listing up to 20 as well.
Use our Debt Reduction Calculator to help you eliminate your credit card, auto, student loan, and other debts.
In the first worksheet, you enter your creditor information and your total monthly payment.

The second worksheet is a payment schedule for you to print to keep track of your progress. One of the included files lets you list up to 20 creditors, and if that isn't enough, there is also a version that lets you list up to 40.
Enter abbreviated names for your the credit card or lending institution, the current balances, and the interest rate information for all of your current debts (including home equity lines of credit or second mortgages). Choose the maximum monthly payment that you can pay each month towards your debts, based on your home budget. When your first debt is completely paid, the remainder of your snowball is then applied to the NEXT debt, and so on, until all the debts are paid. Warning: It may be tempting to put your full financial strength into paying off your debts. This section describes the different strategies that you can choose within the debt reduction spreadsheet.
User-Specified Order: There are three options for choosing the order that you want to pay your debts.
Debt Snowflaking: This is a term for making extra debt payments above the normal monthly payment (above and beyond the normal snowball).
Sample Letter to Student Loan Servicer - at, Oct 16, 2013 - This article includes a sample letter for explaining to your loan servicer how you want your extra payments to be applied. Help us help others break free from the bonds of debt by spreading the news about this free debt reduction tool.
A big thanks to Donald Wempe for the motivation to create this spreadsheet, and for his great ideas! You can also investigate how changing your loan conditions (such as the payment frequency or the term) affects the payment. The schedule shows the remaining balance still owed after each payment is made, so you know how much you have left to pay. Then you can experiment with other payment scenarios such as making an extra payment or a balloon payment. You can also make multiple copies of the Schedule worksheet within the same workbook, to compare different loans and scenarios. It can be used to estimate a payment schedule for a Simple Interest Loan or Simple Interest Mortgage, in which the interest accrues daily in a separate interest accrual account. It allows you to create a payment schedule for a fixed-rate loan, with optional extra payments and an optional interest-only period. However, when creating an amortization schedule, it is the interest rate per period that you use in the calculations, labeled rate per period in the above spreadsheet. In that case, the rate per period is simply the nominal annual interest rate divided by the number of periods per year. For example, in the Home Mortgage Calculator, I've created a chart that lets you compare the Balance with and without making extra payments. My loan amortization schedule and mortgage calculator are much more useful for use in evaluating and tracking real loans and mortgages.
This doesn't let you create bar graphs (without some fancy error bar tricks), but bar graphs waste a lot of ink so I try to avoid them anyway. However, it is more complicated, and designed to make it hard to figure out what is going on. One of the most powerful things about this spreadsheet is the ability to choose different debt reduction strategies, including the debt snowball effect (paying the lowest balance first) or the debt avalanche (highest-interest first).
The more you can squeeze out of your budget to increase your debt snowball, the faster you'll reach your goals.
Easily create a debt reduction schedule based on the popular debt snowball strategy, or experiment with your own custom strategy. You'll then see a summary of when each of the debts will be paid off based on the strategy you choose. You may need to verify with your lending institutions what your current minimum payments are.
The difference between the total minimum payments and your total monthly payment is your initial snowball. The benefit of this method is the psychological effect of seeing the number of debts disappear quickly. If the difference in the total interest is not significant, than you may get more satisfaction and success from the Lowest Balance First method.
It might not make much difference in how long it takes to pay them off, but it could make a difference in how much interest you end up paying. Your situation is unique, and we do not guarantee the results or the applicability of this calculator to your situation. To create an amortization schedule using Excel, you can use our free amortization calculator which is able to handle the type of rounding required of an official payment schedule.

Make sure to read the related blog article to learn how to pay off your loan earlier and save on interest. When the compound period and payment period are different (as in Canadian mortgages), a more general formula is needed (see my amortization calculation article). The way to simulate this using our Amortization Schedule is by setting both the compound period and the payment frequency to annual.
The second is if you choose a compound period that is shorter than the payment period (for example, choosing a weekly compound period but making payments monthly).
Changing the Payment Amount makes more sense to me, and is the approach I use in my spreadsheets. For fixed-rate loans, this reduces the balance and the overall interest, and can help you pay off your loan early. The purpose of this page is to highlight two tricks for creating these charts, and provide you with a free simple amortization chart template. However, one very important thing about comparing charts dynamically like this is that the scale of the X and Y axes need to remain the same as you change the loan amount, interest rate, etc.
It involves creating dynamic named ranges and using the named ranges for the series in the chart. Just choose the strategy from a dropdown box after you enter your creditor information into the worksheet. Continue reading below the download block for links to useful blog articles and information about the various debt reduction strategies. For the price of a good lunch, you can figure out how to save yourself hundreds or thousands of dollars!
Also, keep in mind that your minimum payment may change over time, depending on interest rates or other issues. You need to balance your debt reduction goals with the need for an emergency fund and other important financial goals.
This has been done using PMT Function in excel to calculate EMI amount and Spin Buttons ActiveX Controls to fine tune the amounts.Using PMT Function in ExcelPMT Function Calculates the payment for a loan based on constant payments and a constant interest rate. Because they are risky, adjustable rate mortgage loans often have lower initial interest rates (which is why people seem to like them). You can use the free loan amortization schedule for mortgages, auto loans, consumer loans, and business loans.
Many loan and amortization calculators, especially those used for academic or illustrative purposes, do not do any rounding. So, depending on how your lender decides to handle the rounding, you may see slight differences between this spreadsheet, your specific payment schedule, or an online loan amortization calculator.
But, the normal payment remains the same (except for the last payment required to bring the balance to zero - see below). You may need to change this option if you are trying to match the spreadsheet up with a schedule that you received from your lender. In Excel, you can set the x and Y axes to fixed scales by right-clicking on the X or Y axis and selecting Format Axis.
Getting out of debt is not easy, but with a good plan and firm determination, it is entirely possible. For calculating EMI you need 3 inputs.Loan Amount , Annual Interest Rate, Loan Period in Years.
Could you calculate and send me a blank table wherein if I put the details, the program should calculate emi with monthly rests (ie interest will be charged on outstanding every month) what will be the emi?
If you are a small private lender, you can download the commercial version and use it to create a repayment schedule to give to the borrower. This spreadsheet rounds the monthly payment and the interest payment to the nearest cent, but it also includes an option to turn off the rounding (so that you can quickly compare the calculations to other calculators).
In the Scale tab, you'll find boxes that let you set the minimum and maximum values for the scale. The red and blue lines represent the interest and principal portions of that payment, respectively. The Debt Reduction Calculator is a simple spreadsheet available for Microsoft Excel®, OpenOffice, and Google Sheets, that helps you come up with a plan. It creates a debt snowball payment schedule that can help you manage your payments to most effectively pay off your debts.
Flat interest rate looks very attractive as it is much lower than the actual interest rate which is calculated on reducing balance. So be careful while borrowing on flat interest rate.In next post I will cover Adding Spin Buttons ActiveX Controls to Worksheet.

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