This is a video discussing how to use a Loan Amortization Calculator to determine your payments over the lifetime of a fixed-rate loan. This spreadsheet was created by Dr. Wittwer at Vertex 42, an online resource featuring dozens of powerful downloadable calculators.
The video covers the various input fields, the resulting outputs, the amortization schedule (broken down by principal and interest payments), and the effect of making additional payments at various times.
This spreadsheet is a must-have for anyone who’s trying to better understand the financial impact of borrowing money. Click here to purchase today!