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Loan Repayment Grid 1.0

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Publisher's description

The Loan Repayment Grid will help you to quckly calculate your monthly repayment on a home loan and determine how you can pay off your loan in a shorter period of time.Note on entering valuesUse the Backspace key to delete an existing value before entering a new valueUse only numbers and the Decimal point (Do not use commas or spaces in numeric fields)Steps:1.Enter the Loan amount, Rate and Years fields in the top grid. 2.Click on Calculate Payment button to populate the monthly repayment amount based on the first three values you entered. 3.Click the Expand button to populate the bottom grid with a monthly breakdown of your remaining Balance, how much interest you're paying that month and how much you're actually paying off on the loan (capital payment). 4.Consider various extra payments and how it will effect your loan repayment.Loan amount:This is the total amount of the loan (principal value) that you have to repay.RateThe interest rate of your loan as determined by your bank.YearsThe number of years you have to repay the loan.

Statement

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