How can the refinance comparison graph aid in deciding whether to refinance a loan?

The Ultimate Loan Spreadsheet offers several benefits for analyzing various types of loans. It allows you to track and estimate the principal amount owed on home, car, student, and commercial loans. It provides a visual representation of how balloon-payments for commercial loans change over time as you pay more towards the principal. It also includes a refinance comparison graph to help you decide whether refinancing a loan is advantageous for you.

The balloon-payment visualization in the context of commercial loans helps to illustrate how the balloon-payment changes as more payments are made towards the principal over time. It provides a visual representation of the remaining balance that will be due at the end of the loan term. This can be particularly useful in the context of commercial loans, which often require a large balloon payment at the end. The visualization can also be used in conjunction with a refinance comparison graph to evaluate different refinancing options and determine whether refinancing the loan would be beneficial.