Submitted by Julie Rains on April 30, 2008 - 14:02.
I created a spreadsheet that will allow you to put in your own random additional payments to the amortization schedule. It's on my DIY Mortgage Acceleration post.
I didn't include escrow because it just goes in and out of the account, and will vary every year.
If you download the acceleration spreadsheet, you can enter your information. I would create a normal, non-accelerated schedule to test my calculations. Then you can add in your extra payments to the principal when you make them and see the results.
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custom amortization schedule
Submitted by Julie Rains on April 30, 2008 - 14:02.
I created a spreadsheet that will allow you to put in your own random additional payments to the amortization schedule. It's on my DIY Mortgage Acceleration post.
I didn't include escrow because it just goes in and out of the account, and will vary every year.
If you download the acceleration spreadsheet, you can enter your information. I would create a normal, non-accelerated schedule to test my calculations. Then you can add in your extra payments to the principal when you make them and see the results.