Free Loan Tool for comparing loans!
Here is a free tool we put together to help you compare loans. You need Microsoft Excel to view and use the tool. Sorry for those that don’t have Excel.
The tool allows you to compare two loans, see impact of making extra payments, change the interest at any point in the loan, and see how much interest you pay over the life of your loan.
Also creates an amortization schedule for both loans.
The loan tool can be used for car loans as well.
Unzip the file and open in excel to start using.