EXCEL FORMULA
 

Good afternoon,

I'm trying to fine a formula which would show me how much money I would
save on a mortgage if I were to pay additional principal each month--in
addition to paying the additional principal how long would it take to pay
off.

I'm looking at a 160k mortgage at 7.5 for 30 years. I'll like to pay this
off as soon as possible by paying additional principal each month.

EXCEL FORMULA
 

There are tons of free templates at:
http://office.microsoft.com/en-us/default.aspx

Maybe you'll find something you like.

Kam1999i wrote:

Good afternoon,

I'm trying to fine a formula which would show me how much money I would
save on a mortgage if I were to pay additional principal each month--in
addition to paying the additional principal how long would it take to pay
off.

I'm looking at a 160k mortgage at 7.5 for 30 years. I'll like to pay this
off as soon as possible by paying additional principal each month.

--

Dave Peterson