Excel amortization schedule with extra payments

broken image
broken image

What will my loan balance be at the end of 3 or 5 years?.How soon could I pay off my home if I make extra payments?.How much might my monthly payment change over time if I have a variable-rate mortgage?.How does the tax deduction from paying interest change over time?.

broken image
broken image

This mortgage calculator can help you answer some of the following questions: So, if you have questions, you can hover the mouse cursor over any cell that has a little red triangle in the corner. Information about how to use our free home mortgage calculator and definitions of some of the terms are included as cell comments in the spreadsheet.

broken image