Loan Calculator

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Description

Loan and mortgage calculator or also known as a loan repayment calculator which helps to understand how does your loan or mortgage actually works and whether you can afford to make your monthly repayments on the amount that you wish to borrow.

Document Sample
scope of work template
							Loan or Mortgage Calculator
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Enter Values Loan Amount £ Annual Interest Rate Loan Period in Years Number of Payments Per Year Loan Start Date Optional Extra Payments Lender Name:

1,000.00 6.50 % 1 12 1/1/2010

Loan Summary Scheduled Payment Scheduled Number of Payments Actual Number of Payments Total Early Payments Total Interest Total Amount To Pay Saved Interest Total Saved Amount

£

£ £ £ £ £

86.30 12 12 35.56 1,035.56 0.00 0.00

Pmt No. 1 2 3 4 5 6 7 8 9 10 11 12

Payment Date 2/1/2010 £ 3/1/2010 4/1/2010 5/1/2010 6/1/2010 7/1/2010 8/1/2010 9/1/2010 10/1/2010 11/1/2010 12/1/2010 1/1/2011

Beginning Balance 1,000.00 919.12 837.80 756.04 673.84 591.20 508.10 424.56 340.56 256.11 171.20 85.83 £

Scheduled Payment 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 £

Extra Payment £

Total Payment 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 86.30 85.83 £

Principal 80.88 81.32 81.76 82.20 82.65 83.09 83.54 84.00 84.45 84.91 85.37 85.37 £

Interest 5.42 4.98 4.54 4.10 3.65 3.20 2.75 2.30 1.84 1.39 0.93 0.46 £

Ending Balance 919.12 837.80 756.04 673.84 591.20 508.10 424.56 340.56 256.11 171.20 85.83 0.00

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