Ultimate Loan Collection Spreadsheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
Ultimate Loan Sheet preview
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Synopsis

Are 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.

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Questions and answers
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The Ultimate Loan Spreadsheet is a comprehensive tool that allows you to track and estimate how much principle of a loan you still owe. It is versatile and can be used to analyze various types of loans including home, car, student, and commercial loans. It also provides the feature of analyzing whether refinancing a loan is to your advantage. The tool also includes loan amortization graphs that illustrate the specific loan amortization schedule. Comparatively, other loan tracking tools may not offer the same level of detail or versatility. However, the exact comparison would depend on the specific tool in question.

Loan amortization graphs in the Ultimate Loan Spreadsheet play a crucial role in illustrating the specific loan amortization schedule. They provide a visual representation of how the principal amount of the loan is paid off over time, showing the decrease in the loan balance with each payment. This can help users understand the progress of their loan repayment and how much of the principal amount they still owe.

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Sheets highlights

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.

Ultimate Loan
Ultimate Loan
Ultimate Loan

Application

Home loan sheet

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.

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Ultimate Loan

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).

Car loan sheet

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.

Ultimate Loan

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.

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Student loan sheet

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.

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Ultimate Loan
Ultimate Loan

Commercial loan sheet

Ultimate Loan

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.

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Refinance comparison sheet

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.

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Ultimate Loan
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