Loan analysis worksheet Use this accessible template to analyze various loan scenarios. Enter the interest rate, loan term, and amount, and see the monthly payment, total payments, and total interest calculated for you. Other interest rates and loan terms are provided for comparison to help you make the choice that's right for your situation. Excel
What is a loan analysis worksheet template?
This Loan Analysis Worksheet Template is specially designed for the purpose of analyzing loans, with functions and formula built in within the worksheet. This Loan Analysis Worksheet Template in Excel features a comprehensive table of the loan rates over the years for various terms of mortgages and installment loans.
How to calculate a car loan in Excel?
Here's how to calculate a car loan in Excel before you make a commitment. Launch Microsoft Excel. Open a new worksheet and save the file with a descriptive name such as "Car Loan. " Create labels for the cells in A1 down through A6 as follows: Car sale price, Trade-in value, Down payment, Rebates, Additional charges and Amount financed.
How do I use the spreadsheet to make loan payments?
The spreadsheet is easy to use and navigate; required parameters are highlighted, and drop-down menus let you change the payment frequency and compounding period. Just enter the loan amount, interest rate, loan term, first payment date, payment frequency and loan compounding period and the total interest and principal paid at the end of the loan