PC desktop/laptop version excel document

Product details

This file is intended for desktop or laptop.Once correct information is inputted into the document, the excel sheet will show you how much interest you will save on a loan if applied directly to principal. You can add lump some or a monthly additional payment. You will need remaining loan amount, principal and interest payment and interest rate. You will need to input the remaining loan amount (keep in mind, you will need to update this section every time you make a payment).Your principal and interest payment will go in the monthly payment (P&I) section. Be sure to include just the principal and interest portions of your payment, do not include any additional payments such as escrow or PMI.Your current interest rate goes in the interest rate section. This is in whole numbers, not percentage. (Example 2.99 not 0.0299).Also, make sure you update the “next payment date” each time you make a payment.