Home Loan Planner - Excel based

rajanpras · #1 (**permalink**) 14-09-2008, 02:59 PM

Hi,

I have developed a Microsoft Excel based Home Loan Calculator (Amortization Schedule) and is available for download at Prasanth's Website | . The reason why I am not attaching is that this could be revised based on inputs and / or feedback from Users.
This not only calcultes the EMI applicable, but also gives the split of interest and Principal components of each EMI. In addition, this also takes care of Principal pre-payments made and also interest rate changes done for floating rates.
Do mail or reply to this thread with suggestions and / or issues if any.

Regards.
Prasanth

rajanpras · #2 (**permalink**) 14-09-2008, 11:35 PM

Hi,

On suggestion from a CA in another forum, I have added the feature of chosing the Fy such that the Principle and Interest for that FY is displayed. This version 1.1 is now available at the same URL - Prasanth's Website | .

Regards.
Prasanth

myusufk · #3 (**permalink**) 16-09-2008, 01:09 PM

Hi I am not able to access the URL will you please send the file in my personal ID:

Thanks is advance

maheshkk · #4 (**permalink**) 16-09-2008, 01:35 PM

Dear Prasanth

Yesterday i was looking to the calculator, today while browsing the citehr site for other purpose i got this, it is wounderful.
Thanks a lot for the contribution

nirmalamondal · #5 (**permalink**) 16-09-2008, 01:47 PM

Dear Prasanth
the calculator is quite hel[pful.
regards
Nirmala mondal

mukuladv@yahoo.com · #6 (**permalink**) 16-09-2008, 02:52 PM

Its wonderful dear...

Keep rocking....

kumar shanmugam · #7 (**permalink**) 16-09-2008, 06:16 PM

Dude Its really very good tool for a novice in acconts like me, but it will be very good to have below.
1. Option for repayment in principle amount
2. Manually change the EMI(If i am rounding to 15000 instead of 14990)

But really a good tool :-)

rajanpras · #8 (**permalink**) 16-09-2008, 07:06 PM

Quote:

Originally Posted by kumar shanmugam

Dude Its really very good tool for a novice in acconts like me, but it will be very good to have below.
1. Option for repayment in principle amount
2. Manually change the EMI(If i am rounding to 15000 instead of 14990)

But really a good tool :-)

Hi,

There is the option for repayment of Principle - this ise last column in cream color.
Regarding the second item, generally the Banks fix the EMI and with increase or decrease in rates or on repayment of Principle, the EMI remains fixed and tenure changes. But yes, if the tenure goes to more than 35 years for a 20 year loan with increase in interest rate, banks might decide to hike the EMI. Let me look at this option. Will keep you posted.

Thanks.
Prasanth

rush2san · #9 (**permalink**) 04-10-2008, 10:55 PM

Wow... This is excellent. I was searching for this for long and always found just the EMI calculator but never the full schedule that changes with changes in rate of interest during the term. Great work.
Thanks.
Sandy

rajanpras · #10 (**permalink**) 10-10-2008, 08:01 PM

Hi all,

Please note that there is a minor correction in Principal computation when there is repayment. This is now corrected and version 1.2 and the same is now available for download at the same URL - Prasanth's Website |.

Regards.
Prasanth

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