Payment Schedule

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Payment Schedule

Postby Blabbs » Mon Apr 23, 2018 4:36 pm


I am trying to locate the software that will permit me to calculate the schedule for the type of loan as follows:

1. A $65,000 loan (from one family member to another family member - to pay off a home equity line of credit).

2. Secured by the real estate (recorded as a lien against the property)

3. No payments are required (not even interest only payments).

4. The unpaid monthly interest is added to the principal on a monthly basis and the interest rate then applies to that principal as it increases on a monthly basis.

I need to create a schedule that shows the changes in the principal and the interest payment on a monthly basis over a ten year period.

Do you know of a calculator that meets this need?



Thanks

Joel
Blabbs
 
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