This amount is either the original amount of the loan or the amount carried over from the prior month (last month's ending loan balance equals this month's beginning loan balance).
The beginning loan balance is the amount of debt owed at the beginning of the period. This may either be shown as a payment number (i.e., Payment 1, Payment 2, etc.) or a date (i.e. This column helps a borrower and lender understand which payments will be broken down in what ways. However, each row on an amortization represents a payment so if a loan is due bi-weekly or quarterly, the period will be the same. The period is the timing of each loan payment, often represented on a monthly basis. This information appears on the upper part of the spreadsheet so that all the important information you need is available at a glance. This Biweekly Mortgage Payment Amortization Template for Excel also displays your Annual Loan Payments, Biweekly Payments, Interest Over Term of Loan and Sum of all Payments. It includes Loan Principal Amount, Annual Interest Rate, Loan Period in Years, Base Year, Loan Start Date, and Date of First Payment. All you have to do is input all the information needed. What is also great about this Biweekly Mortgage Payment Amortization is that you don’t have to resort to Mortgage Amortization Calculators because all the computations already come with the Excel template. This information is important so you can easily analyze your payments and plan your financial situation against your scheduled mortgage payments. It also shows the Beginning Balance of your Mortgage, as well as the Cumulative Principal, Cumulative Interest, and Ending Balance. Through the Biweekly Mortgage Payment Amortization Template for Excel, you can know how much of your biweekly payments go to the principal and how much goes to the interest. It is professionally designed to show you your mortgage payment amortization schedule and how your payments affect your principal and interest. 
This is available for Excel 2003 or later versions. This Mortgage Payment Amortization Template is a template designed by Microsoft partner TemplateZone by KMT Software. The Biweekly Mortgage Payment Amortization Template for Excel is a wonderful tool for keeping track of your payments and to also see how long it will take you to pay off your loan, as well as the interest you need to pay.
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