And this dashboard works well if you are using Microsoft Excel 2007 or 2010. I have finished it at the same time I finished F1 dashboard, but I haven't had spare time to upload it in my site. This is another loan amortization tool that I tried to display it in dashboard style. And I think those tools are simple enough to help you calculating your mortgage payment. I was writing three tools for calculating loan amortization that you can find in my previous posts. You can find several free loan amortization tools in internet, either written in Excel, online, or written in other programmes, to be used for your personal purposes. Usually they just think that the principal and interest are paid in the same amount every month, so when they plan to pay off their home loan before their loan period ended, they got shocked by the remaining principal they have to pay because of poor knowledge of loan concept. It is not easy to explain loan amortization concept to general people who don't understand finance. The payment amount of interest is gradually decreased and the payment amount of principal is gradually increased, and will be become zero amount by the end of payment period. Loan amortization is a method of debt repayment in equal installments over a specific period of time where the payment amount consists of paying principal and interest with different amount every month.
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