If you're in the market for a loan, whether it be for a new home, car, or personal expenses, it's important to have an understanding of your monthly payments. Luckily, there are a variety of loan calculators available online and as downloadable templates in Microsoft Excel. In this article, you'll find a roundup of loan calculator options to help you make an informed decision.
MS Excel Loan Calculator Templates
For those who prefer to use Microsoft Excel for financial management, Excel Templates offers a range of free loan calculator templates. These templates allow users to input a variety of information, including loan amount, interest rate, loan term, and additional payments, to determine monthly payments and total loan costs.
The templates are customizable and include extra features such as options for different compounding periods and the ability to input additional payments to see how they impact the loan status. Excel Templates offers a variety of loan calculator templates for different types of loans, including car loans, mortgage loans, and personal loans.
Loan Calculator
Loan Calculator is a free app available for both iOS and Android devices. This app allows users to input loan amount, interest rate, loan term, and start date to determine their monthly payments and total loan cost. The app also includes a variety of additional features, including the ability to add extra payments, see an amortization schedule, and compare loan scenarios.
Loan Calculator is a user-friendly option for those who prefer to use their mobile devices for financial management. The app is regularly updated and offers a variety of options for loan types.
Personal Loan Monthly Payments Calculator
MyBankTracker offers a free Personal Loan Monthly Payments Calculator on their website. This calculator allows users to input loan amount, interest rate, loan term, and additional payments to determine monthly payments and total loan costs. The calculator also provides users with the ability to customize their loan term, loan start date, and compounding frequency.
The Personal Loan Monthly Payments Calculator is a helpful option for those who want a quick and simple way to determine their loan costs. The calculator is easy to use and provides a detailed breakdown of monthly payments and total loan costs.
Loan Repayment Calculator
The Loan Repayment Calculator, available on ncalculators.com, is a free online calculator that allows users to input loan amount, interest rate, and loan term to determine monthly payments and total loan costs. The calculator also includes additional features, such as the ability to input additional payments and see an amortization schedule.
The Loan Repayment Calculator is a simple and straightforward option for those who want a basic understanding of their loan costs. The calculator provides users with a detailed breakdown of monthly payments and total loan costs for the duration of the loan term.
Whether you prefer to use Microsoft Excel, a mobile app, or an online calculator, there are a variety of loan calculator options to suit your needs. By utilizing these tools, you can make an informed decision about your loans and have a clear understanding of your monthly payments and total loan costs.
