Download Line of Credit Calculator Excel Template

Contents

Popular Categories in Excel Template
Trednding in Excel Template

Sales Campaign Planner

Sales Campaign Planner with Budget is ready excel template that helps marketing department planning the …

Read More

Baby Name Picker

Are you in trouble picking a name for your new baby? If you or your …

Read More

GST Receipt Voucher

GST Receipt Voucher is an mandatory after the implementation of Goods & Service Tax. GST …

Read More

UAE VAT Sales Register

UAE VAT Sales Register is a document that maintains records of your sales during a …

Read More
Search
Generic filters

Download our free Home Equity Line of Credit Calculator to help you estimate payments needed to pay off your debt. I generally do not advocate getting a home equity line of credit, but if you already have one, the Line of Credit Calculator spreadsheet may help. It is much more powerful and flexible than most HELOC interest rates calculators. Although meant for use as  HELOC calculator, it is design to simulate a general revolving line of credit.

Line of Credit

This spreadsheet creates an estimate payment schedule for a revolving line of credit with variable or fixed interest rate, daily interest accrual, and fixed draw period.

Features:

  • Additional Payments: You can also enter additional payments and indicate whether they are principal only payments.
  • Multiple payment options: Select from Amortized, Minimum, Interest-Only, or Fixed Payment options available.
  • Variable Rate Simulation: Set rate change to 0 for a fixed rate or choose the random rate change option.

Using the Line of Credit Calculator

There are many assumptions and simplifications built into home equity line of credit calculator. So don’t expect the amounts to match exactly with your bank. Due to complexity of the spreadsheet, it wouldn’t surprise me if the spreadsheet contains errors. Don’t expect the calculations to match exactly TD Line of Credit.

Read the Cell Comments: Most of what you need to know about this HELOC calculator can be find by reading the comments identified by the little red triangles in many of the cells.

Tracking Payments: You can manually enter Payment Date, Interest Rate, and Payment within the table if you want to track your actual payments, by overwriting the formulas. So, If you do that, you should probably highlight those cells so that you can identify that they no longer contain formulas.

Variable Rate Simulation: This feature of calculator is not meant to try to predict future rates. Rather, it is design to help you simulate what might happen if rates increase or fall.

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Line of Credit Calculator Excel Template

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

Popular Excel Templates: