Quick and Easy Loan Calculator

The Quick and Easy Loan Calculator is the best way to see how a loan's terms will effect the borrower's payment obligations. The model is fully-customizable and accomodates loans with up to 500 payment periods. Simply enter the principal amount, interest rate, payment frequency and the length of the loan and a payment table is automatically generated. View upcoming payments and each payment's breakdown between principal and interest. An additional feature is the ability to make extra payments each period. Requires MS Excel 5.0 or later.