Deferred Interest Loan Amortization Schedule Calculation with Amortizer PRO  

How To Calculate an Amortization Schedule for a Deferred INTEREST Loan

Deferred INTEREST vs. Deferred PAYMENT Loan

A deferred INTEREST loan is where interest may not be charged at first although payments are being made.  A deferred PAYMENT loan is one where the payments do not start until after a certain time period, but interest is charged during the time - thus increasing the balance due when payments start.  Click to learn how to calculate a deferred PAYMENT loan.

1. From the main window click the [Calculate A Complex Amortization Schedule] button.
2. Click the [New] button to create a new schedule and give it a name.
3. Enter the loan amount.
4. Enter the date the first period begins.
5. On the first line for "Number of Payments" put in 24 monthly payments.
6. Enter "0.00" as the interest rate.
   
7. Click the "Select Payment Type" button and select "Fixed Amount" and set the payment amount to 200.00.
   
8. On the second line enter the number of payments to pay off the loan, 24 in this case, select the payment frequency, and enter the interest rate.
9. Click the "Select Payment Type" to set the payment amount/rate. For example, if the loan will be paid off in 24 monthly payments (following the 24 months of $200 payments) set the Amortization to 2 years. Or you can enter a specific payment amount by again using the "Fixed Amount" option. The payments will end when the loan is repayed. Or if there are not enough payments, the ending loan balance will be shown for the final payment.
   

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