Deferred Payment Loan Amortization Schedule Calculation with Amortizer PRO  

How To Calculate an Amortization Schedule for a Deferred PAYMENT Loan

Deferred PAYMENT vs. Deferred INTEREST Loan

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.  A deferred interest loan is where interest may not be charged at first although payments are being made.  Click to learn how to calculate a deferred INTEREST 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 if you are compounding interest monthly for 2 years. Or enter 2 and select "Yearly" if compounding yearly.
6. Enter the interest rate.
   
7. Click the "Select Payment Type" button and select "Fixed Amount" and leave the payment amount at 0.00 (this creates 24 monthly payments of 0 and allows the interest to accumulate).
   
8. On the second line enter the number of payments to pay off the loan, select the payment frequency, 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 0 payments) set the Amortization to 2 years. Or you can enter a specific payment amount by again using the "Fixed Amount" option.
   

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