worksheet calculates monthly loan payments and prepares an amortization schedule for a 7 year balloon loan

7 Year Balloon Loan Amortization January 29, 2008 Name Tom Jones Financial Inputs Address 1234 Number Street Loan Amount City, State, Zip Jacksonville, Fl 32256 Interest Rate Telephone 508-555-9909 Period (in years) Loan Summary Information Loan Date 1/29/2008 13:05 Monthly Payment Loan Number 15888 Total Interest Miscellaneous Single Family Total Payments Appraised Value $1,500,000 Balloon Payment Amortization Schedule of 7 Year Balloon Loan Beginning Total Total Total Mortgage Monthly Interest Principal Year Balance Payment Portion Portion 1 $275,000.00 $15,754.70 $10,911.85 $4,842.85 2 $270,157.15 $15,754.70 $10,714.55 $5,040.16 3 $265,116.99 $15,754.70 $10,509.21 $5,245.50 4 $259,871.50 $15,754.70 $10,295.50 $5,459.21 5 $254,412.29 $15,754.70 $10,073.08 $5,681.63 6 $248,730.66 $15,754.70 $9,841.60 $5,913.10 7 $242,817.56 $15,754.70 $9,600.69 $6,154.01 This worksheet calculates monthly loan payments and prepares an amortization schedule for a 7 year balloon loan. A balloon loan requires a large final payment at some future date. © Copyright, 2006, Jaxworks, All Rights Reserved.Amortization $275,000 4.000% 30 Summary Information $1,312.89 $71,946.48 $110,282.93 $236,663.54 Ending Mortgage Balance $270,157.15 $265,116.99 $259,871.50 $254,412.29 $248,730.66 $242,817.56 $236,663.54 for a 7 year balloon loan. A balloon © Copyright, 2006, Jaxworks, All Rights Reserved.JaxWorks Small Business Spreadsheet Factory Since 1996, JaxWorks has offered a suite of Free Excel workbooks and spreadsheets, and associated HTML documents, that cover a number of financial, accounting and sales functions. These are Also included Free are: -business plan tools, including spreadsheets and excellent instructions -Excel functions glossary and guide; -free training courses for most Microsoft Office applications. These guides are in PDF format and rival commercial books! -comprehensive list of acronyms, ratios and formulas in customer financial analysis, and financial terms; -suite of online calculators, including, breakeven analysis, productivity analysis, business evaluation; -Altman Z-Score (covering publicly and privately held firms, and small businesses); -and payroll analysis. If you are involved in financial analysis at any level, or want to learn more about MS Excel and suite this site is invaluable. Spreadsheet Factory spreadsheets, and associated MS Word, PDF and sales functions. These are invaluable small business tools. guides are in productivity analysis, more about MS Excel and other applications in the Office