How to make a Loan Calculator with Extra Payments in Excel? An easy way to create your spreadsheet is by downloading this example Loan Calculator with Extra Payments Excel spreadsheet template now!
Enter your normal loan information in this calculator, then add any other additional payments.The caculator will display monthly amortization schedule with your results.
ANNUAL INTEREST RATE
The annual interest rate used to calculate your monthly payment. Please note that this is different than an Annual Percentage Rate (APR) which includes other expenses such as mortgage insurance, and the origination fee and or point(s), which were paid when the mortgage was first originated. The APR is normally higher than the simple interest rate.
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Download this Loan Calculator with Extra Payments Excel spreadsheet now!