Loan Calculator with Extra Payments
Calculate loan payoff schedules with flexible extra payments to reduce interest and accelerate debt elimination.
This amortization table calculates detailed loan payment schedules, showing principal, interest, and remaining balance for each period. It lets you model the impact of extra payments on your loan timeline and total interest paid. Perfect for homeowners, auto buyers, or anyone managing debt who wants to see exactly how additional payments shorten their loan and save money.
What's inside
- Automated payment calculation using PMT function
- Extra payment tracking with SUMIF
- Period-by-period balance breakdown
- Interest vs principal allocation
- Customizable loan parameters
Download this template
.xlsx · 1 sheet · included with lifetime access
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