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Loan Calculator with Extra Payments

kmmatney  (4 Submissions)   Complete Applications   Visual Basic 3.0   Unknown Difficulty   Wed 3rd February 2021

This code shows how to calculate loan payments and amortized payments over a fixed amount of time. It allows the user to include an additional payment, either as a fixed amount of extra principal, or as a fixed payment over the P+I)
It is based on an old VB 3.0 example, but improved to include the extra payment capability. It also calculates how much money is saved with the extra payment included.

Assumes
I also have an Excel spreadsheet which performs the same calculations, but lets you include a different amount of extra payment each month.

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