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Where can I find a Mortgage calculator that I input different monthly changes?
I pay different amounts monthly on the principal, and wondered if anyone knows a calculator that would show an amortization chart while calculating the extra amounts I pay monthly. I would think an Excel chart would be the best, but I'm not that computer savvy. Thanks!
2 Answers
- STEVEN FLv 79 years agoFavorite Answer
What you want is NOT a calculator. You want a spreadsheet template. There are several templates for Excel available. Most can be downloaded free, and you can search from inside Excel. If you make the SAME amount of extra payments every month, most online calculators will do the math. If your extra payments vary, you will probably have to customize a template. Find an Excel template for ANY loan with extra payments, and manually change the extra payment amount for each month.
Note: The math is actually exactly the same for a car loan as for a mortgage.
