Use this Excel-based template for creating an amortization schedule for your home loan. It allows you to visualize the monthly and yearly evolution of interest and principle components and the balance of the loan.
It can accommodate regular (monthly, quarterly, bi-annual and annual) and irregular (random months) pre-payment schedules.
It can also handle a loan disbursement schedule and allows variation of interest rate.
I think the sheet can handle a home-loan switch and extension of tenure if the existing balance is treated as a fresh loan. Can someone please confirm?
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