This spreadsheet is great for comparing different loans and for tracking your progress on paying off a mortgage early. All you have to do is input your original balance, interest rate, and term and the spreadsheet does the rest. Using your inputs on extra principal payments the spreadsheet will calculate how much money you have saved in interest and how much time you have taken off your loan.
Oct 2017 »This spreadsheet is great for comparing different loans and for tracking your progress on paying off a mortgage early. All you have to do is input your original balance, interest rate, and term and the spreadsheet does the rest. Using your inputs on extra principal payments the spreadsheet will calculate how much money you have saved in interest and how much time you have taken off your loan.