By popular request, we have added the ability to specify the budgeted amount of interest to be applied during an interest-only period. You can now make this specification on the Assumptions tab while entering the details of your Interest Only loan.
On the Cash Flow tab, this amount will be allocated annually as needed throughout the term of the Interest Only period.
In the event that the budgeted interest does not entirely cover the interest expense during these period, the remaining interest expense will be passed through the cash flow statement. If there is excess funds in the interest budget, these will not be utilized in the model.
Please feel free to download the latest models to take advantage of this new feature.