BALLOON LOAN CALCULATI

INPUTS
100,000
50
1/1/2009
12
6
12.00

Principal Amount:
Down Payment Amount:
Start Date:
Amortized Over:
Balloon payment after:
Annual Interest Rate:

%
months
months
%

PAYMENT SCHEDULE
Date

Total Payment

Interest

Principal

2/1/2009

4,442.44

500.00

3,942.44

46,05

3/1/2009

4,442.44

460.58

3,981.86

42,07

4/1/2009

4,442.44

420.76

4,021.68

38,05

5/1/2009

4,442.44

380.54

4,061.90

33,99

6/1/2009

4,442.44

339.92

4,102.52

29,88

7/1/2009

30,188.49

298.90

29,889.60

1/1/2009

Loan
50,000.00

Bal

50,00

AN CALCULATION
OUTPUTS
Principal Amount:
Interest Amount:
Monthly Payment Amount:
Balloon Payment:
Total of Payments:

100,000.00
2,400.69
4,442.44 x 5
30,188.49 x 1
102,400.69

PRINCIPLE - INTEREST DISTRIBUTION

Balance
50,000.00
46,057.56
42,075.70
38,054.01
33,992.11
29,889.60
0.00

Principle
Interest

Calculations
interest rate
is down payment % ?

0.01
TRUE

%
$
Data Entered?
Balloon Zero?
Greater Balloon?
Final Control

TRUE
FALSE
FALSE
TRUE

Checking Calculations
4,442.44
21,561.07
21,561.07
28,438.93

4,907.09

28,438.93
50,000.00
50,000.00

Total Principle
Total Interest
Principle
Interest

culations

Total Principle
Total Interest
####
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####
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Follow the steps to enable your Balloon Loan Calculator.

>>

This template is prepared for calculating and simulating Balloon Loans.

>>

Your Balloon Loan Calculator is ready to use. Following steps are for online use.

1)

Visit the site below:

http://www.spreadsheetweb.com/getting_started.htm
You will only need the username and password to create your Balloon Loan Calculator.

2)

Visit the site below:

https://www4.spreadsheetweb.com/SpreadsheetWEB//
Login to page with your new account information.

3)

Click "Add Web Application" to upload this file. Your Balloon Loan Calculator will be created automatically.
You can simply use the Balloon Loan Calculator from that link or place it on your website.

>>

Your Balloon Loan Calculator will look like:

http://www1.spreadsheetweb.com/SpreadSheetWeb/Output.aspx?ApplicationId=5237da9b-1bdb-4363-869b-61882b964569

>>

In order to see more online applications created with PSW you can check the link below:
http://www.spreadsheetweb.com/demos.htm

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