Download amortization schedule for excel

$179,858.64.The Total Period is 240 months. Note: The orange numbers denote those periods for which you should have cleared your payments.Read More: Multiple Loan Amortization Schedule Excel TemplateCase 2 – Amortization Schedule with Regular Extra Payment (Recurring Extra Payment)Let’s say your monthly income has gone up and you want to add an extra bi-monthly recurring payment starting from the 24th period to pay off the loan faster. In this case, you’ve chosen to pay $500 for the rest of the loan period.The regular monthly payment remains the same at $1,791.08.The extra, recurring payments and the loan details are shown in the Summary table.The Total Payment (principal + interest) now decreases to $396,277.94.The Total Interest Paid drops to $146,277.94, creating an Interest Savings of $33,630.69.The Total Period is reduced to 16 years 5 months, or 197 months.Read More: Excel Car Loan Amortization Schedule with Extra Payments TemplateCase 3 – Amortization Schedule with Irregular Extra PaymentsLet’s assume that you’ll make the following payments as given below.PeriodIrregular Extra Payment29$10,00042$10,00055$25,00060$15,00070$10,000Input that information in the provided template and see the results.The monthly payment remains $1,791.08.The extra, irregular payments and the loan details are given in the Summary table.The Total Payment (principal + interest) decreases further to $342,580.08.The Total Interest Paid also decreases to $92,580.08 with the Interest Savings increased to $87,278.56.The Total Period drops to 11 years, 5 months, or 137 months.Read More: Amortization Schedule Excel Template with Extra PaymentsPractice SectionWe have provided a Practice Section on the right side of each sheet so you can practice yourself.Download the Practice WorkbookYou can download the practice workbook from the link below, which you can use as a template.Related ArticlesPreparing Bond Amortization Schedule in ExcelExcel Interest Only Amortization Schedule with Balloon Payment CalculatorAmortization Schedule with Balloon Payment and Extra Payments in ExcelExcel Car Loan Amortization Schedule TemplateExcel

Comprehensive Loan Amortization Calculator Excel Template | Detailed Loan Repayment Schedule, Mortgage Principal & Interest Breakdownby SirexcelcoSimple & Effective Spreadsheets, Advanced Excel Templates - Data and Excel Analyst - Business Modellingany new Best Practices or updates published by this Author" title="You will receive an email notification when Sirexcelco publishes a new Best Practice or updates any of their current Best Practices." data-followers="0" data-author="216214" data-author-name="Sirexcelco">Follow40 views|Start the discussion!|Bookmark Add to cart - $5.00Description Simplify your loan calculations and repayment planning with this Comprehensive Loan Amortization Calculator Excel Template. Are you having trouble keeping up with your loan payments and feeling overburdened by the rising interest rates? You can remain on top of your loan payments and make more educated decisions regarding your debt with the aid of our Loan Amortization Excel Template.Designed for easy use, this dynamic template provides a detailed breakdown of loan payment schedules, including due dates, principal and interest payments, outstanding balance, and total installment amounts. Perfect for anyone preparing to take out a loan, it offers clear insights into monthly payments and capital outstanding percentages, helping you make informed financial decisions. Ideal for personal or business loan management, this template is your go-to tool for structured loan tracking and financial planning.Introducing our 👌Premium Loan Amortization Calculator Excel Template! Master your debts with just a few clicks and know your financial path with certainty. This expertly crafted tool is not just another excel template. It's a blueprint to better finance management!Content:• Excel file compatible with Excel 2007 and higher (and with sample data)• Professional Design• Works both on Mac and Windows• No installation needed. Ready to use• Dashboard with charts• Loan amortization schedule template• Easy to use• 100% editable• Excel file• Instant download• Friendly customer support for all your questionsLicense: Private Use (not for distribution or resale)

Posted in category LOAN & BORROWING Loan Amortization Schedule for Excel® 2003+, OpenOffice & Google Docs Google DocsFile: SPREADSHEET Download via our Add-on! Template Specifications Version1.0.1 RequirementsMicrosoft Excel® 2003 or Higher (PC & Mac) MacrosNot Used InstallationNot Required Author of Spreadsheet123.com Loan Amortization Schedule Pro Professional 1.1.8 $39.95 Purchase Now via clickbank or paypal Includes Bonus Content Instant Download Details and Requirements File Type.ZIP RequirementsMicrosoft Excel® 2003 or Higher (PC & Mac) MacrosNot Used InstallationNot Required Help & Questions?via Email 24x7 Specifications of the Commercial VersionUnlocked - so that you can customize it just a little more.Contains Fields for: Logo & Company infoAbility to insert more rowsTechnical Support (for 90 days)2 Bonus Spreadsheet Included Bonus Downloads Bonus #1Interest Only Loan CalculatorThis is unlocked version of interest only loan calculator, distributed under commercial use license, which provides specific rights to a user, which allows use of this calculator in consulting and advisory business (resale or distribution is not permitted). Contains fields for company/client information and company logo. All Spreadsheet123 trade marks and copyright notices were moved outside the printing areas.View ScreenshotBonus #2Simple Interest Loan CalculatorThe simple interest loan calculator, unlocked and distributed under commercial use license, giving you rights to use this calculator with your clients (resale or distribution is not permitted). Contains fields for company/client information and company logo. All Spreadsheet123 trade marks and copyright notices were moved outside the printing areas.View ScreenshotDescription

Loan amortization might sound like something you'd need a financial wizard to understand, but with a little help from Excel and ChatGPT, you can become your own wizard. Amortizing a loan in Excel not only helps you see how much you're paying each month but also gives you a clear picture of how much interest and principal you're paying over time. It's like having x-ray vision into your loan payments!In this tutorial, I'll guide you through the process of setting up a loan amortization schedule in Excel. We'll also explore how ChatGPT can assist you in understanding and creating those pesky formulas. By the end, you'll have a handy tool to manage your loans better and maybe even impress your friends with your newfound spreadsheet skills.⚡The best AI spreadsheet: Bricks makes it easy to create & share reports, presentations, charts, and visuals — all backed by your data. Try it free →Before we jump into Excel, let's take a moment to understand what loan amortization is all about. When you take out a loan, whether it's for a house, car, or anything else, you're not just borrowing the principal amount. You're also agreeing to pay interest over time. Loan amortization is the process of spreading out that loan payment over a set period, usually in equal installments.Each payment you make goes partly towards the principal (the original amount you borrowed) and partly towards interest (the cost of borrowing the money). Over time, as you pay down the principal, the interest

Journal entryDebit: Bank Account (asset account) Credit: Loan (liability account)Bank Loan Received Journal Entry ExampleBank loan repayment journal EntryDebit: Loan (liability account) Credit: Bank (asset account)Bank Loan Repayment Journal Entry ExampleTo learn more about assets and liabilities go to accounting balance sheet.The figures from the above examples are based on the figures in the Loan Amortization image in the nextsection about loan interest.loan interest payable journal entryAdding interest to the loan accountDebit: Loan Interest (expense account) Credit: Loan (liability account)Interest on Bank Loan Journal Entry ExampleThe bank may be able to provide a schedule listing all expected repayment dates and amounts for the life of the loan. If you are unable to get a schedule from the bank you may be able to see the amount of interest in the online bank transactions or off your loan statement for the current or previous months.You can also find a Loan Amortization template in Microsoft Excel templates and enter the loan details from the bank to calculate your own schedule as in this example:Bank Loan Amortization Schedule ExampleIf you use a schedule like this, compare it to your loan account each month to ensure it is tracking as expected.car loan journal entryA car is an asset so the journal entry for it will be similar for the purchase-via-loan of other assets like workshop equipment.The difference between bank loans and vehicle loans is that:with bank loans the business receives actual money into the bank account and with the vehicle loan the money is usually paid directly to the car sales company so the business doesn’t handle the money.These car journal entries are for a vehicle costing $15,000 and for a loan of 5 years at 12% with fortnightly payments – calculated using the same Loan Amortization template mentioned above.Purchase of Car Journal EntryThis

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