loan amortization spreadsheet

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Loan Amortization Schedule

Loan Information [42] SummaryLoan Amount $ 150,000 Rate (per period) 0.417%

Annual Interest Rate 5.00% Number of Payments 360Compound Period Monthly Total Payments $ 289,885.27

Term of Loan in Years 30 Total Interest $ 139,885.27 First Payment Date 6/1/2010 Est. Interest Savings $ (1.59)

Payment Frequency Monthly .Payment Type End of Period

Monthly Payment $805.23

Amortization Schedule

No. Due Date Payment Interest Principal Balance$150,000.00

1 6/1/10 805.23 625.00 180.23 149,819.77

2 7/1/10 805.23 624.25 180.98 149,638.79

3 8/1/10 805.23 623.49 181.74 149,457.05

4 9/1/10 805.23 622.74 182.49 149,274.56

5 10/1/10 805.23 621.98 183.25 149,091.31

6 11/1/10 805.23 621.21 184.02 148,907.29

7 12/1/10 805.23 620.45 184.78 148,722.51

8 1/1/11 805.23 619.68 185.55 148,536.96

9 2/1/11 805.23 618.90 186.33 148,350.63

10 3/1/11 805.23 618.13 187.10 148,163.53

11 4/1/11 805.23 617.35 187.88 147,975.65

12 5/1/11 805.23 616.57 188.66 147,786.99

13 6/1/11 805.23 615.78 189.45 147,597.54

14 7/1/11 805.23 614.99 190.24 147,407.30

15 8/1/11 805.23 614.20 191.03 147,216.27

16 9/1/11 805.23 613.40 191.83 147,024.44

17 10/1/11 805.23 612.60 192.63 146,831.81

18 11/1/11 805.23 611.80 193.43 146,638.38

19 12/1/11 805.23 610.99 194.24 146,444.14

20 1/1/12 805.23 610.18 195.05 146,249.09

21 2/1/12 805.23 609.37 195.86 146,053.23

22 3/1/12 805.23 608.56 196.67 145,856.56

23 4/1/12 805.23 607.74 197.49 145,659.07

24 5/1/12 805.23 606.91 198.32 145,460.75

25 6/1/12 805.23 606.09 199.14 145,261.61

26 7/1/12 805.23 605.26 199.97 145,061.64

27 8/1/12 805.23 604.42 200.81 144,860.83

28 9/1/12 805.23 603.59 201.64 144,659.19

29 10/1/12 805.23 602.75 202.48 144,456.71

30 11/1/12 805.23 601.90 203.33 144,253.38

31 12/1/12 805.23 601.06 204.17 144,049.21

32 1/1/13 805.23 600.21 205.02 143,844.19

33 2/1/13 805.23 599.35 205.88 143,638.31

34 3/1/13 805.23 598.49 206.74 143,431.57

Additional Payment

Rounding On

H2

Limited Use Policy You may download this template free of charge, make archival copies, and customize the template for personal use only. This template or any document including or derived from this template may NOT be sold, distributed, or placed on a public server such as the internet without the express written permission of Vertex42 LLC. Caution: This calculator is for educational and illustrative purposes only and should not be construed as financial advice. The results are only estimates. Please consult a qualified professional regarding financial decisions. No Warranties THE SOFTWARE AND ANY RELATED DOCUMENTATION ARE PROVIDED TO YOU "AS IS." VERTEX42, LLC MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AND EXPRESSLY DISCLAIMS ALL REPRESENTATIONS, ORAL OR WRITTEN, TERMS, CONDITIONS, AND WARRANTIES, INCLUDING BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT. WITHOUT LIMITING THE ABOVE YOU ACCEPT THAT THE SOFTWARE MAY NOT MEET YOUR REQUIREMENTS, OPERATE ERROR FREE, OR IDENTIFY ANY OR ALL ERRORS OR PROBLEMS, OR DO SO ACCURATELY. This Agreement does not affect any statutory rights you may have as a consumer. Some states do not allow the limitation or exclusion of liability for incidental or consequential damages, so the above limitation may not apply to you. Limitation of Liability IN NO EVENT SHALL VERTEX42, LLC BE LIABLE TO YOU, FOR ANY DAMAGES, INCLUDING ANY LOST PROFITS, LOST SAVINGS, OR ANY OTHER DIRECT, INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING FROM THE USE OR THE INABILITY TO USE THE SOFTWARE (EVEN IF WE OR AN AUTHORIZED DEALER OR DISTRIBUTOR HAS BEEN ADVISED OF THE POSSIBILITY OF THESE DAMAGES), OR ANY MISTAKES AND NEGLIGENCE IN DEVELOPING THIS SOFTWARE, OR FOR ANY CLAIM BY ANY OTHER PARTY. THE ORGANIZATION, BUSINESS, OR PERSON USING THIS SOFTWARE BEARS ALL RISKS AND RESPONSIBILITY FOR THE QUALITY AND PERFORMANCE OF THIS SOFTWARE. Somes states do not allow the limitation or exclusion of liability for incidental or consequential damages, so the above limitation may not apply to you.

G5

Rate Per Period: When the Compound Period is equal to the Payment Frequency, the rate per period ends up being simply the annual rate divided by the number of periods per year.

C7

Compound Period: The number of times per year that the interest is compounded. Annually: 1 time per year Semi-Annually: 2 times per year Quarterly: 4 times per year Monthly: 12 times per year Canadian mortgages are compounded semi-annually. US mortgages are compounded monthly. The default is to set the compound period EQUAL to the payment frequency.

C8

Term of Loan Mortgage loans usually have 15 or 30-year terms. Auto loans are usually between 2 and 5 years. For a 6-month term, enter 6/12.

G9

Estimated Interest Savings The reduced interest expense associated with making extra payments. The result may be off by a small amount (a few dollars) due to rounding.

C10

Payment Frequency: This defines the Payment Period, or the number of payments per year.

C11

Payment Type: This affects the "type" argument in the Excel PMT function. "End of Period" (type=0) is the most common option. Choosing "Beginning of Period" (type=1) means that you will pay zero interest on your first payment.

D16

Additional Payment The amount paid directly towards the principal, in additional to the normal payment. In order to pay off the remaining balance, the additional payment must be the last period balance - payment due + interest due. (Assumes no penalties for making additional payments.)

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No. Due Date Payment Interest Principal BalanceAdditional Payment

Rounding On

35 4/1/13 805.23 597.63 207.60 143,223.97

36 5/1/13 805.23 596.77 208.46 143,015.51

37 6/1/13 805.23 595.90 209.33 142,806.18

38 7/1/13 805.23 595.03 210.20 142,595.98

39 8/1/13 805.23 594.15 211.08 142,384.90

40 9/1/13 805.23 593.27 211.96 142,172.94

41 10/1/13 805.23 592.39 212.84 141,960.10

42 11/1/13 805.23 591.50 213.73 141,746.37

43 12/1/13 805.23 590.61 214.62 141,531.75

44 1/1/14 805.23 589.72 215.51 141,316.24

45 2/1/14 805.23 588.82 216.41 141,099.83

46 3/1/14 805.23 587.92 217.31 140,882.52

47 4/1/14 805.23 587.01 218.22 140,664.30

48 5/1/14 805.23 586.10 219.13 140,445.17

49 6/1/14 805.23 585.19 220.04 140,225.13

50 7/1/14 805.23 584.27 220.96 140,004.17

51 8/1/14 805.23 583.35 221.88 139,782.29

52 9/1/14 805.23 582.43 222.80 139,559.49

53 10/1/14 805.23 581.50 223.73 139,335.76

54 11/1/14 805.23 580.57 224.66 139,111.10

55 12/1/14 805.23 579.63 225.60 138,885.50

56 1/1/15 805.23 578.69 226.54 138,658.96

57 2/1/15 805.23 577.75 227.48 138,431.48

58 3/1/15 805.23 576.80 228.43 138,203.05

59 4/1/15 805.23 575.85 229.38 137,973.67

60 5/1/15 805.23 574.89 230.34 137,743.33

61 6/1/15 805.23 573.93 231.30 137,512.03

62 7/1/15 805.23 572.97 232.26 137,279.77

63 8/1/15 805.23 572.00 233.23 137,046.54

64 9/1/15 805.23 571.03 234.20 136,812.34

65 10/1/15 805.23 570.05 235.18 136,577.16

66 11/1/15 805.23 569.07 236.16 136,341.00

67 12/1/15 805.23 568.09 237.14 136,103.86

68 1/1/16 805.23 567.10 238.13 135,865.73

69 2/1/16 805.23 566.11 239.12 135,626.61

70 3/1/16 805.23 565.11 240.12 135,386.49

71 4/1/16 805.23 564.11 241.12 135,145.37

72 5/1/16 805.23 563.11 242.12 134,903.25

73 6/1/16 805.23 562.10 243.13 134,660.12

74 7/1/16 805.23 561.08 244.15 134,415.97

75 8/1/16 805.23 560.07 245.16 134,170.81

76 9/1/16 805.23 559.05 246.18 133,924.63

77 10/1/16 805.23 558.02 247.21 133,677.42

78 11/1/16 805.23 556.99 248.24 133,429.18

79 12/1/16 805.23 555.95 249.28 133,179.90

80 1/1/17 805.23 554.92 250.31 132,929.59

81 2/1/17 805.23 553.87 251.36 132,678.23

82 3/1/17 805.23 552.83 252.40 132,425.83

83 4/1/17 805.23 551.77 253.46 132,172.37

84 5/1/17 805.23 550.72 254.51 131,917.86

85 6/1/17 805.23 549.66 255.57 131,662.29

86 7/1/17 805.23 548.59 256.64 131,405.65

87 8/1/17 805.23 547.52 257.71 131,147.94

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Rounding On

88 9/1/17 805.23 546.45 258.78 130,889.16

89 10/1/17 805.23 545.37 259.86 130,629.30

90 11/1/17 805.23 544.29 260.94 130,368.36

91 12/1/17 805.23 543.20 262.03 130,106.33

92 1/1/18 805.23 542.11 263.12 129,843.21

93 2/1/18 805.23 541.01 264.22 129,578.99

94 3/1/18 805.23 539.91 265.32 129,313.67

95 4/1/18 805.23 538.81 266.42 129,047.25

96 5/1/18 805.23 537.70 267.53 128,779.72

97 6/1/18 805.23 536.58 268.65 128,511.07

98 7/1/18 805.23 535.46 269.77 128,241.30

99 8/1/18 805.23 534.34 270.89 127,970.41

100 9/1/18 805.23 533.21 272.02 127,698.39

101 10/1/18 805.23 532.08 273.15 127,425.24

102 11/1/18 805.23 530.94 274.29 127,150.95

103 12/1/18 805.23 529.80 275.43 126,875.52

104 1/1/19 805.23 528.65 276.58 126,598.94

105 2/1/19 805.23 527.50 277.73 126,321.21

106 3/1/19 805.23 526.34 278.89 126,042.32

107 4/1/19 805.23 525.18 280.05 125,762.27

108 5/1/19 805.23 524.01 281.22 125,481.05

109 6/1/19 805.23 522.84 282.39 125,198.66

110 7/1/19 805.23 521.66 283.57 124,915.09

111 8/1/19 805.23 520.48 284.75 124,630.34

112 9/1/19 805.23 519.29 285.94 124,344.40

113 10/1/19 805.23 518.10 287.13 124,057.27

114 11/1/19 805.23 516.91 288.32 123,768.95

115 12/1/19 805.23 515.70 289.53 123,479.42

116 1/1/20 805.23 514.50 290.73 123,188.69

117 2/1/20 805.23 513.29 291.94 122,896.75

118 3/1/20 805.23 512.07 293.16 122,603.59

119 4/1/20 805.23 510.85 294.38 122,309.21

120 5/1/20 805.23 509.62 295.61 122,013.60

121 6/1/20 805.23 508.39 296.84 121,716.76

122 7/1/20 805.23 507.15 298.08 121,418.68

123 8/1/20 805.23 505.91 299.32 121,119.36

124 9/1/20 805.23 504.66 300.57 120,818.79

125 10/1/20 805.23 503.41 301.82 120,516.97

126 11/1/20 805.23 502.15 303.08 120,213.89

127 12/1/20 805.23 500.89 304.34 119,909.55

128 1/1/21 805.23 499.62 305.61 119,603.94

129 2/1/21 805.23 498.35 306.88 119,297.06

130 3/1/21 805.23 497.07 308.16 118,988.90

131 4/1/21 805.23 495.79 309.44 118,679.46

132 5/1/21 805.23 494.50 310.73 118,368.73

133 6/1/21 805.23 493.20 312.03 118,056.70

134 7/1/21 805.23 491.90 313.33 117,743.37

135 8/1/21 805.23 490.60 314.63 117,428.74

136 9/1/21 805.23 489.29 315.94 117,112.80

137 10/1/21 805.23 487.97 317.26 116,795.54

138 11/1/21 805.23 486.65 318.58 116,476.96

139 12/1/21 805.23 485.32 319.91 116,157.05

140 1/1/22 805.23 483.99 321.24 115,835.81

D16


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Rounding On

141 2/1/22 805.23 482.65 322.58 115,513.23

142 3/1/22 805.23 481.31 323.92 115,189.31

143 4/1/22 805.23 479.96 325.27 114,864.04

144 5/1/22 805.23 478.60 326.63 114,537.41

145 6/1/22 805.23 477.24 327.99 114,209.42

146 7/1/22 805.23 475.87 329.36 113,880.06

147 8/1/22 805.23 474.50 330.73 113,549.33

148 9/1/22 805.23 473.12 332.11 113,217.22

149 10/1/22 805.23 471.74 333.49 112,883.73

150 11/1/22 805.23 470.35 334.88 112,548.85

151 12/1/22 805.23 468.95 336.28 112,212.57

152 1/1/23 805.23 467.55 337.68 111,874.89

153 2/1/23 805.23 466.15 339.08 111,535.81

154 3/1/23 805.23 464.73 340.50 111,195.31

155 4/1/23 805.23 463.31 341.92 110,853.39

156 5/1/23 805.23 461.89 343.34 110,510.05

157 6/1/23 805.23 460.46 344.77 110,165.28

158 7/1/23 805.23 459.02 346.21 109,819.07

159 8/1/23 805.23 457.58 347.65 109,471.42

160 9/1/23 805.23 456.13 349.10 109,122.32

161 10/1/23 805.23 454.68 350.55 108,771.77

162 11/1/23 805.23 453.22 352.01 108,419.76

163 12/1/23 805.23 451.75 353.48 108,066.28

164 1/1/24 805.23 450.28 354.95 107,711.33

165 2/1/24 805.23 448.80 356.43 107,354.90

166 3/1/24 805.23 447.31 357.92 106,996.98

167 4/1/24 805.23 445.82 359.41 106,637.57

168 5/1/24 805.23 444.32 360.91 106,276.66

169 6/1/24 805.23 442.82 362.41 105,914.25

170 7/1/24 805.23 441.31 363.92 105,550.33

171 8/1/24 805.23 439.79 365.44 105,184.89

172 9/1/24 805.23 438.27 366.96 104,817.93

173 10/1/24 805.23 436.74 368.49 104,449.44

174 11/1/24 805.23 435.21 370.02 104,079.42

175 12/1/24 805.23 433.66 371.57 103,707.85

176 1/1/25 805.23 432.12 373.11 103,334.74

177 2/1/25 805.23 430.56 374.67 102,960.07

178 3/1/25 805.23 429.00 376.23 102,583.84

179 4/1/25 805.23 427.43 377.80 102,206.04

180 5/1/25 805.23 425.86 379.37 101,826.67

D16



Loan Payment Schedule


No.

A20

Payment Number


357

loan amortization spreadsheet

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