What are amortization spreadsheets? If you are wondering what I am talking about, don’t feel bad. A lot of people don’t know what amortization is.
For that matter, a lot of people don’t know what a spreadsheet is, either. Ivana Newhouse was in this position when she started looking for a house. 
She was wondering how she could figure out how much interest she would pay when she and her fiancé, Homer, bought their home.
Homer showed her some amortization spreadsheets. This is a file he opened in Microsoft Excel. He could plug in some values and see a break down of how much interest and how much principal comprised each monthly payment.
It also showed how much interest would be paid over the life of the loan. He used the spreadsheet to compare different loan options to determine the best deal he could get.
You can download a free amortization spreadsheet here. It requires Microsoft Excel or OpenOffice.org to run it.
Allen Davis
RealEstateSearchDirect.com
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