Popular Keywords

Categories

Total Results

No Record Found

View All Results

Download Balloon Loan Calculator Template In Excel

A balloon loan calculator or balloon mortgage payment is a payment in which you plan to pay off your auto or mortgage loan in a big chunk after a number of small regular monthly payments. Moreover, To determine what that balloon payment will be. You can download Balloon loan calculator below which calculates the regular monthly payment and balloon payment for a loan period between 1 and 360 months (30 years). This spreadsheet can be used for other types of balloon loan calculations as well.

Balloon Payment

Calculate monthly payments, total interest, and amount of the balloon payment for a simple loan using the Excel spreadsheet template.

This spreadsheet includes an amortization and payment schedule suitable for car loans, business loans, and mortgage loans.

Balloon Mortgage

Why a Balloon Payment mortgage?

I originally created this spreadsheet to figure out payment schedule for a car loan or auto loan. Furthermore because I didn’t have the cash in hand to pay for the car in one lump sum, but I knew that I would after 6 months. So, to keep monthly payments low at first, we set up a 3-year loan with the plan to pay loan off completely after about 6 months.

Rounding

This version take into account the fact that the regular payment and the interest are round to the nearest cent. Thus, The “Balloon finance Payment with Rounding” value is taken directly from the amortization schedule, which ensures that the final balance is zero.

Using the Balloon Payment Loan

This spreadsheet is useful as a mortgage calculator, particularly for calculating balloon payment that is when you sell your house after a number of years. However, there are many other costs associate with home buying/selling that the calculator does not take into account. Such as property taxes, escrow payments, mortgage insurance, homeowner’s insurance, closing costs, etc.

Interest-Only Mortgage Loans

An option is add to the spreadsheet to choose between monthly payments that are amortize vs. payments that are interest-only. While interest-only loans may look appealing due to low monthly payment, you still have to pay off the loan eventually. Beware of the consumer debt spiral!

Download this Balloon Loan Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Balloon Loan Calculator Excel Template

Download Now

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Balloon Loan Calculator Template

balloon-loan-calculator
Download

Excel Template Category

Download Free Editable Excel Templates | Popular Templates

Task Order Billing Format

Task Order Billing Format

Task Order Billing Format Template: Your Key to Efficient Milestone-Based Invoicing In a landscape where project dynamics shift and evolve, billing clients based on project

Read More »
Simple Tax Invoice

Simple Tax Invoice

In the realm of business, clarity, precision, and simplicity can be the key to smooth transactions. A Simple Tax Invoice Template is designed to cater

Read More »

Free editable professional Excel templates can be a useful tool for businesses, organizations, and individuals looking to streamline their data management and reporting processes. These templates can provide a pre-designed and pre-formatted framework for storing and organizing data, as well as for creating charts, graphs, and other visualizations to help communicate that data more effectively.

One advantage of using professional Excel templates is that they are often designed by experienced professionals who understand best practices for data management and visualization. This means that the templates are likely to be well-organized, easy to understand, and aesthetically pleasing, which can make working with them more efficient and enjoyable.

Another advantage is that these templates are often fully editable, allowing users to customize them to meet the specific needs of their organization or project. This can include adding or deleting rows and columns, changing the formatting and layout, and adding custom formulas and functions.

Some examples of professional Excel templates that may be available for free include budgeting templates for personal or business use, project management templates for tracking tasks and deadlines, and sales tracking templates for analyzing and forecasting sales data. There are also a wide variety of templates available for specific industries, such as real estate, marketing, human resource, Payroll management and among others.

Overall, free editable professional Excel templates can be a valuable resource for anyone looking to improve their data management and analysis skills. By providing a pre-designed and customizable framework for storing, organizing, and visualizing data, these templates can help users save time and make more informed decisions.

Free Excel Templates

Welcome to Excel Templates – your ultimate destination for all things related to Excel! We pride ourselves on being a comprehensive, 100% free platform dedicated to providing top-notch, easily editable Excel templates, step-by-step tutorials, and useful macro codes. With fresh templates uploaded daily, we aim to meet every conceivable Excel need you may have. Whether you’re a student, a business professional, or someone looking to make sense of their data, our range of templates has you covered. Dive into the world of Excel Templates today and transform your number-crunching experience into an effortless journey of discovery and efficiency. Join our growing community and elevate your Excel game now.

Blogs

DMCA Policy

Privacy Policy

Site Map

 © 2023 xlsxtemplates all rights reserved