Identifying the cross-over point

I just can’t help myself: when I start to tweak things, I start coming up with more ideas for making things a little better or easier. Nothing dramatic, just little things.

Today’s idea was to make it easy to identify that point in the amortization schedule when the principal component of a payment first exceeds the interest component of a payment. Let’s call that the cross-over point. If you run an amortization schedule now, the cross-over point is highlighted in green. There may be schedules without a cross-over point (usually shorter term loans), in which case there’s no special highlighting.

Who knows what might come next, now that I’ve started tweaking. 🙂