Download mortgage payment calculator format in excel and spreadsheet. This template is useful for personal and business budgeting, cash flow management and loan repayment scheduling. You can easily manage your mortgage payments and cash flow budget using this calculator in excel and spreadsheet.
Understanding Mortgage Payment
In simple terms, a mortgage is a type of loan, just like an auto-loan or financing for jewelry. Specifically it is a loan in which a person borrows money to buy or refinance a house. That’s it. A loan can be used to describe many different types of financial transactions.
Example, An example of a mortgage is the loan you took out when you bought your house. The pledging of property to a creditor as security for the payment of a debt.
Your mortgage payment is how you pay back your home loan. Usually, this will be a monthly payment that helps you pay off your mortgage step-by-step. It will also include interest due to your lender, insurance payments and taxes.
About Mortgage payment calculator Excel Template
Compare mortgage options with this powerful calculator. Enter the loan amount, interest rate, and terms of loan for up to five loans.
This template for mortgage payment in Excel also includes entries for equity, balance due, and savings gained from extra payments. You can easily manage your mortgage payments and cash flow budget using this calculator in excel and spreadsheet.
Download and use Mortgage payment calculator Free Excel Template
To use this free excel template, you should have Microsoft Office/ Microsoft Excel installed in your system. After installing Excel or Spreadsheet, download the zip file of this template.
Extract the template using WinZip, WinRAR or 7Zip decompressing software. Once extracted, you can open the file using Excel and start entering data or customizing the template.