How to Make Loan Amortization Tables in Excel || Download Demo File
ฝัง
- เผยแพร่เมื่อ 2 ต.ค. 2024
- Please SUBSCRIBE:
www.youtube.co...
Loan Amortization Schedule in Excel
alphabench.com/...
Download the file used by following the link above.
Calculate any loan payment here using PMT function:
alphabench.com...
Basic and advanced loan amortization tables in Excel. Demonstrates PMT, IPMT and PPMT functions. With visualization of balance and cumulative interest over the life of the loan. Also discusses the NPER function.
See how the finance of mortgage loans works. See the impact of extra payments on the life of the loan and total interest paid.
The file used can be downloaded at the link above.
This is one of the most helpful and useful youtube videos that exist 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻 Thank you
Thank you! Glad it helped.
Nice work here Matt. I learned some new stuff and enjoyed the flow.
Thanks very much. Glad it helped.
How do you formulate if adding a lump sum later in the term?
Do you mean like a balloon payment? You can plug the balloon amount in as the FV argument
how do you handle interest that is compounded monthly
That is essentially what the model is doing; take the annualized rate and divide by 12.
Hi Matt,
Thanks this was really good.
What would I need to do if multiple loans are issued out over a period?
Also I understand when we have the extra principal but how do we navigate extra principal paid multiple times ?
So you mean PV increases periodically? You should be able to accommodate this with an amortization by simply increasing the PV at different points in the table to represent adding to your loan. Or you could analyze each loan separately and then consolidate into a single summary sheet.
Hellow i looked at most of all the spreadsheets video here and i found yours the most interesting cause you walked through the information i found one just like yours only adding extra money but not being able to qdd money that i payed in the pass in 2017 like 5,000 and i cant figure out how to just add that for a single date?
I think you should just go into the principal column and manually change the amount by adding 5000 to what is already there
Hi Matt, Thanks for taking the time to post this, for some reason im struggling with my PPMT function, ive followed what it should be looking at and made what needs made fixed. yet for some reason when i close my formula off it give me an error saying "Youve entered too few arguments for this function" can you help?
my formula is =PPMT($C$4/12,A55,$C$3*12-$C$2) which points to Rate, period, length and amount borrowed.
im sure ive went wrong somewhere (Obviously)
Looks like you are missing a comma after the 12
It's awesome, made my project / homework easier!!!
Glas it helped.
Glad it helped
Thanks Matt, this is soo useful for first time home buyers like me! Keep up the great content :)
Glad it helped. That's exactly who I had in mind
Best vídeo on the topic, sure about it!
Thank you. Glad it helped.
awesome tutorial, although my fuctions are keep ascending, for example if I put the ipmt and ppmt function - it shows me error since it would read like the next row. B1 goes to B2 and A2 goes to A3, for e.g. not sure how to fix this :(
Thanks. Some of the cell references are absolute references. So B1 should be $B$1 so that the reference does not change when you copy the formula down. The same would be true for interest rate and term. There is a link to download the spreadsheet I used in the video description too.
6:00 calculator with extra payment
Glad it helped
Please guide about Simple interest loan amortization schedule
Simple interest in the context of a mortgage loan generally means there is no penalty for pre-payment. For the majority of mortgage loans, interest accrues daily, and unlike rent you pay a mortgage loan in arrears. So when you pay on say March 1st, you are paying for February. You can calculate how much interest has accrued as 1/12 * rate * loan balance at the beginning of the month. While the interest does accrue daily, you pay the loan monthly. This smoothes out the roughness from different months having different number of days. When you refinance though expect to see how many days interest you owe on the settlement statement.
Thank you so much! Very helpful and explained well.
Glad it was helpful!
Wow thank you I almost cried cus I couldn’t figure it out !!
Glad it helped.
question
I have a loan value of 3.5 million. and there are 2 EMI's for it that is paid every month with different interest rates. How do I do that?
I think you must really have two loans, maybe half at one rate and half at another, or some other proportion. So you treat as two loans, calculate a payment for each using the amount and rate and then add the results together.
@@MattMacarty actually the thing was that I asked the person who sent me details of the loan and he said he was offered a choice between the 2 EMI rates. He wanted to find what effect it will have on his Financials.
I was confused as he didn't clarify it in his mail.
@@MattMacarty Also the video was amazing, I also wish to understand some more of stuff regarding this but I'm not sure how to word it here.
@@ArthKryst thanks glad it helped
Thank you for posting this video - very helpful also the fact we get to download the file
Glad it helped
can you explain how you got the graph please!
Hi, I inserted a line graph graphing the balance vs the interest paid. I just made the graph before I made the video.
This is really useful to me. Thank you very much!
Glad it helped
How do i change the currency sign?
If you open the Format cells dialog box and select currency you can change the symbol used there.
You neve showed how you found b11
Total interest is the total of all payments less the amount initially borrowed.
Thank you, great info!
Glad it helped
Thank you Awesome. Would you teach us how to do the chart?
Glad it helped. I will try to make one presenting the graph.
Great its help full
Glad it helped
Nice farmula
Glad it helped
Thank you, Learning a lot.
Glad it helped.
Amazing explanation. Thank you
Glad it helped
Great video, very helpful
Thanks. Glad it helped.