Create a basic amortization chart that compares the cumulative interest vs. principal for a fixed-rate loan. Good for gaining an initial understanding of amortization for car loans and home mortgage loans.
Free Simple Amortization Chart Template
Create a basic amortization chart that compares the cumulative interest vs. principal for a fixed-rate loan. Good for gaining an initial understanding of amortization for car loans and home mortgage loans.
Balloon Payment Loan Calculator
I just created a new (free) Excel template for calculating a monthly payment schedule and amortization table for a balloon loan. The web page also describes a little about what a balloon loan is, so that you have an idea of how to use the template.
Enjoy,
Jon
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