We have just released our Microsoft excel mortgage calculator. The home mortgage calculator is great for anyone who’s:
- Wanting to pay off their mortgage early
- Purchasing a new home
- Refinancing Mortgage
- Taking a home equity loan
- Changing from a 30 year loan to a 15 year loan
One of the largest purchases we will make in our life is a home. You will pay over $288k in just interest over 30 years for a $350k loan with 4.5% APR. This is why it’s important to do your research and see what options are best for you. We built this excel mortgage template to cover a number of different scenarios. This will help you make the most informed decision.
Loan Amortization Schedule Excel with Extra Payments
The excel mortgage calculator allows you to quickly run a number of different scenarios to see the impact making extra payments will have on the total interest paid. It will also show you the amount of interest that can be saved over the life of the loan. For those of you that are buying a new home we’ve added features that allow you to what your payments would be with different interest rates, length of loans and your credit score.
The excel mortgage calculator spreadsheet has a loan amortization schedule, so you can see a breakdown of each payment by month. The loan balance, principle, interest, and any extra payments are also displayed.
Check out our mortgage calculator today!