Download and customize this and hundreds of business spreadsheet templates for free
Voila! You can now download this spreadsheet
DownloadAre your loan repayments confusing and hard to keep track of? Then use our Ultimate Loan Collection to keep track and estimate how much of the principle of a loan you still owe. Use this spreadsheet to analyze your: home, car, student and commercial loans. Plus, analyze whether refinancing a loan is to your advantage. As a bonus, loan amortization graphs illustrate the specific loan amortization schedule.
Questions and answers
Ask follow up
Commercial loans are different from other loans in that they require a balloon-payment on a given date. Visualize how your balloon-payment changes as you pay more towards your principal across time. Use the refinance comparison graph to compare and contrast several options, to decide whether refinancing a loan is to your advantage.
Start with an "Enter Value" section. User-defined values should be entered in the blue cells. Once this information is in, the payment schedule is automatically calculated. A loan summary is displayed at the top of the sheet, including what scheduled payment will be, the number of payments, total interest to be paid, when the loan will be paid off and total payments made. You can find an optional extra monthly payments section and enter the exact amount that you'd like to contribute to the normal scheduled payments. The additional insights provide an overview of benefits gained by making extra monthly payments.
Ask follow up
The data entered on the home loan sheet is then transferred to the home loan graph. This graph displays the outstanding loan decreasing over time and shows the balloon payment (a large payment due at the end of a loan).
Determine monthly payments for a new or used car. You can enter the purchase price, down payment percentage, the value of the trade-in, interest rate and length of the loan. The payment will be calculated automatically along with the total amount you will pay for the vehicle, including interest.
How to use:Enter the unique values applicable to the car loan. Summary of the loan is provided as the monthly total payment (the template makes revision for any potential balloon payments). Values entered in the car loan sheet pull through to the car loan amortization graph, displaying the outstanding loan decreasing over time and the balloon payment.
Ask follow up
Enter the value applicable to the student loan, after which the payment schedule will be calculated. Summary of the loan is displayed and additional insights such as total price, fees and interest paid are shown. This data then pulls through to the student loan graph with the outstanding loan decrease, the accumulated principal paid increase and interest paid.
Ask follow up
Enter applicable values. Note: with the commercial loan, there's a drop-down menu. Whether only the interest should be paid or both interest and principals, simply select "Yes" for interest-only payments or "No" for both the principal and interest to be paid.
Enter the details of the current and any potential new loan. The template will compare the old and the new loan, difference in interest and total payment and an indication of when the breakeven point of switching to a new loan will happen.The refinance comparison is illustrated with a graph, where the solid line indicates the new loan and the dotted line indicates the current loan.
Ask follow up
Voila! You can now download this spreadsheet
Download
Unsure how to allocate your resources? Budget planning is a powerful tool to manage spending habits and take more control of where money flows. Our Budget Planner collection provides customizable templates for any business planning needs. It includes slides for quarterly and monthly budget tables, budget summaries, budget versus actual, budget breakdown, Sankey financial chart, plus many more.
Need a budget the whole family can stick to? Use the fully customizable Family Budget Planner to set an annual savings plan and track yearly transactions against it. A summary dashboard determines if spending habits are on track or off track to meet the annual goal year-to-date, and by how much. A monthly time series tracks net savings against planned savings month by month. And pie charts track expenses by categories, family member, and nice to have or must have. With all the tools to assess spending month by month, the whole family can learn how to budget according to a plan and reach it.
Need to compare real estate investment opportunities? Use the Residential ProForma spreadsheet to quickly identify if a real estate investment opportunity will be profitable. The proforma shows a ten-year financial outlook, adjusted for inflation, and lets users experiment with different scenarios. The spreadsheet comes with a detailed proforma, amortization schedule, and charts that track investment metrics. Quickly view the cumulative profit of a property over the next ten years, along with the present value and other key metrics adjusted for inflation and rent increases. The spreadsheet lets users conduct detailed scenario plans and make informed investment decisions.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has to be the right buy. This spreadsheet helps analyze multifamily properties via income, expenses, and debt service.
Need to scenario plan to pay the least interest on student debt? Utilize multiple graphs and charts to visualize when debt will be paid off and how much will be owed. Calculate how many extra payments it will take to pay down debt in the fastest way possible. Mix and match payments across a series of months, years, and loans to determine how many payments to apply across which time frames to pay the least amount in extra interest possible. Supports analysis across up to ten loans.
Simplify the process of budget creation with our Budgeting Model template. This template includes examples from multiple departments, as well as consolidated data for the company.