Question:

Can I get a mortgage payment spreadsheet in Excel for Interest-Only home loans?

Answer:

There are many mortgage payment spreadsheet types in Excel - surely you could find one to calculate interest-only monthly payments.

Make a web search and you will find a whole array of mortgage calculators or Excel spreadsheets. Whether you need to compute interest-only mortgage payment on an Interest-Only loan, or Option ARM; or, if you need to compare the advantage of different extra payment plans - there will be mortgage payment spreadsheets and calculators for any of those on the web.

Excel mortgage payment spreadsheets can be used to tell whether you qualify for a loan, how much you could borrow, or compare amortization tables for different mortgage loans. Most of those online Excel mortgage payment spreadsheets are available free of charge.

There will be websites charging a fee for a mortgage payment spreadsheet. Before you buy any, try finding a free spreadsheet or mortgage calculator.

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Common misspellings: mortage and morgage