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Author: admin | Category: Calculatrice Pret Auto | Date: 26.04.2015

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. This rule of 78 calculator can be used to provide the rule of 78 calculation interest expense for any period in the term of a loan up to a maximum of 600 periods. The calculator will also produce a loan amortization schedule setting out for each period, the beginning loan balance, the interest expense and repayment for the period, and the ending loan balance. The Excel rule of 78 calculator, available for download below, is used to produce an loan amortization schedule by entering details relating to the loan principal, the periodic repayment, and the number of periods in the loan term. In addition, the calculator provides a rule of 78 loan amortization schedule setting out for each period, the beginning loan balance, the rule of 78 period interest, the period repayment, and the ending loan balance.
The Excel rule of 78 calculator, available for download below, will calculate the interest expense for any loan with a maximum term of up to 600 periods, and is used by simply entering values for the loan principal, periodic repayment, and loan term. DisclaimerAll the information contained in this website is for general information purposes only. We're pleased to offer the popular HSH Home Buyer's Calculator Suite, a fully functional -- and extremely useful -- financial tool from our friends at Wheatworks Software.

We'd love to list suggestions on how to get the most use from the HSH Home Buyer's Calculator Suite, the very popular financial tool from Wheatworks Software. You want to calculate the payments on a loan where the payments step up by a set amount each year for some period of time (for example, your payment increases by $50 per year for the first five years). In our example, the "From Payment" would be 13, the "To Payment" is 24, and the "Amount" is $50. To see the effects of prepaying your mortgage every month, you would of course use the Prepayment Calculator.
Repeat the process, but enter "13" in both of those boxes; that takes care of a single prepayment in year 2.
Note, in the above image, that you can see the prepayments included in both the 1st and 13th payments. Make a note of when the rate is scheduled to change, and note the remaining balance at that point. Under "Calculator Menu", select "Amortization Schedules", then fill in the basic info for your loan (number of years, interest rate, starting date). Then click the "Create or Refresh Schedules", button and the window should fill with the basic amortization for your loan.
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.
This is the constant loan repayment made at the end of each period throughout the term of the loan.
We make no warranty or representation as to its accuracy and we are covered by the terms of our legal disclaimer, which you are deemed to have read. We endeavor to keep the information up to date and correct, but make no claims as to accuracy. Enter your loan values, and click "Create or Refresh Schedule" to create the initial amortization schedule.
But what if you want to make irregular prepayments -- that is, make a prepayments now and then?
Once that's done, click the "Add Prepayments" button, which will give you some prepayment options.
Select "Range of Payments", then add in the number of the payment when you began sending the extra principle (payment 1, for example) and the end of the range for this amount of principle prepayment (prepayment for payments numbered 1 through 12, for example).

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. This is an example of a rule 78 calculator with loan amortization schedule that you might use. Enter the appropriate info in the "From Payment", the "To Payment", and "Amount" boxes and click the "Apply Extra" button.
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. 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). For example if a loan has a 12 month term the term is entered as 12 then the expense will be for each month, if the term is entered as 3 years, then the depreciation expense will be calculated for each year. This is not intended to reflect general standards or targets for any particular company or sector. If you do spot a mistake in the rule of 78 calculator excel, please let us know and we will try to fix it.

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