As I add extra payments into the loan, this adjusts the payment schedules accordingly, but is there a formula to show me how much interest or months I'm saving by making the payments?
Md Ariful Islam
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এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
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Set up two spreadsheets, one containing your "base loan" with no extra payments, and the second containing the extra payments. The "sum of payments" will decrease as you add extra payments in the second sheet. Subtract this value from the "base loan" sum of payments to see how much you are saving by putting extra money into your loan.
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