Excel

Excel Skills
Skills || Loan
Loan Amortization
Amortization Template
Template

About
About this
this template
template
This
This template
template enables
enables users
users to
to create
create an
an amortization
amortization table
table for
for any
any loan
loan that
that is
is repaid
repaid on
on aa monthly
monthly basis.
basis. The
The design
design o
variable
monthly
interest
rates
and
includes
a
separate
sheet
that
enables
you
to
perform
a
detailed
review
of
interest
variable monthly interest rates and includes a separate sheet that enables you to perform a detailed review of interest aa
by
by simply
simply entering
entering the
the appropriate
appropriate loan
loan review
review date.
date.
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aid on
paid
on aa monthly
monthly basis.
basis. The
The design
design of
of the
the template
template accommodates
accommodates
erform
a
detailed
review
of
interest
and
capital
perform a detailed review of interest and capital repayment
repayment amounts
amounts

ware
ware solutions
solutions than
than regular
regular Excel
Excel templates.
templates. Most
Most Excel
Excel templates
templates
eports
eports based
based on
on limited
limited user
user input.
input. You
You also
also don't
don't need
need advanced
advanced
input
input and
and include
include comprehensive
comprehensive step
step by
by step
step instructions.
instructions.

which
which features
features accounting
accounting in
in Excel,
Excel, cash
cash flow
flow projections,
projections, business
business
isit the
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Loan Amortization Table

www.excel-skills.com

Loan Principle Amount

Annual Interest Rate
Loan Period (in months)
Original Repayment Amount
Loan Start Date
Repayment Type

500,000.00
9.70%
120.00
6,524.75
1/9/2015
End

On
On this
this sheet:
sheet:

Simply
Simply enter
enter the
the appropriate
appropriate values
values in
in cell
cell D3
D3 to
to D8
D8 and
and the
the amortization
amortization table
table calculation
calculation is
is
automatically
automatically updated.
updated. The
The interest
interest rate
rate that
that is
is entered
entered in
in cell
cell D4
D4 only
only affects
affects the
the calculation
calculation of
of
the
the original
original loan
loan repayment
repayment amount
amount in
in cell
cell D6.
D6. The
The amortization
amortization table
table calculations
calculations are
are based
based on
on
the
the monthly
monthly interest
interest rates
rates that
that are
are entered
entered in
in column
column K.
K. The
The template
template therefore
therefore accommodates
accommodates
variable
variable monthly
monthly interest
interest rates.
rates.

6,524.00

282880

10,549.00

132940

4,025.00

149940

6576

120

789120

600

1200

720000

0.08

0.7

504000

780000

276000

57600

285120

293600

Month

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital
Repaid

Closing
Balance

% Capital
Outstanding

Interest Rate

Jan-2015

500,000.00

6,524.75

4,041.67

2,483.09

497,516.91

99.5%

9.70%

Feb-2015

497,516.91

6,524.75

4,021.60

2,503.16

495,013.75

99.0%

9.70%

Mar-2015

495,013.75

6,524.75

4,001.36

2,523.39

492,490.36

98.5%

9.70%

10
1000

650000

Apr-2015

492,490.36

6,524.75

3,980.96

2,543.79

489,946.57

98.0%

9.70%

May-2015

489,946.57

6,524.75

3,960.40

2,564.35

487,382.22

97.5%

9.70%

Jun-2015

487,382.22

6,524.75

3,939.67

2,585.08

484,797.14

97.0%

9.70%

Jul-2015

484,797.14

6,524.75

3,918.78

2,605.98

482,191.16

96.4%

9.70%

Aug-2015

482,191.16

6,524.75

3,897.71

2,627.04

479,564.12

95.9%

9.70%

650

Sep-2015

479,564.12

6,524.75

3,876.48

2,648.28

476,915.84

95.4%

9.70%

780000

Oct-2015

10

476,915.84

6,524.75

3,855.07

2,669.68

474,246.16

94.8%

9.70%

200000

Nov-2015

11

474,246.16

6,524.75

3,833.49

2,691.26

471,554.89

94.3%

9.70%

Dec-2015

12

471,554.89

6,524.75

3,811.74

2,713.02

468,841.87

93.8%

9.70%

Jan-2016

13

468,841.87

6,524.75

3,789.81

2,734.95

466,106.92

93.2%

9.70%

Feb-2016

14

466,106.92

6,524.75

3,767.70

2,757.06

463,349.87

92.7%

9.70%

Mar-2016

15

463,349.87

6,524.75

3,745.41

2,779.34

460,570.53

92.1%

9.70%

7568.71

Apr-2016

16

460,570.53

6,524.75

3,722.95

2,801.81

457,768.72

91.6%

9.70%

120

17

457,768.72

6,524.75

3,700.30

2,824.46

454,944.26

91.0%

9.70%

Jun-2016

18

454,944.26

6,524.75

3,677.47

2,847.29

452,096.97

90.4%

9.70%

Jul-2016

19

452,096.97

6,524.75

3,654.45

2,870.30

449,226.67

89.8%

9.70%

20

449,226.67

6,524.75

3,631.25

2,893.51

446,333.16

89.3%

9.70%

Sep-2016

21

446,333.16

6,524.75

3,607.86

2,916.89

443,416.27

88.7%

9.70%

Oct-2016

22

443,416.27

6,524.75

3,584.28

2,940.47

440,475.80

88.1%

9.70%

Nov-2016

23

440,475.80

6,524.75

3,560.51

2,964.24

437,511.56

87.5%

9.70%

Dec-2016

24

437,511.56

6,524.75

3,536.55

2,988.20

434,523.35

86.9%

9.70%

Jan-2017

25

434,523.35

6,524.75

3,512.40

3,012.36

431,511.00

86.3%

9.70%

Feb-2017

26

431,511.00

6,524.75

3,488.05

3,036.71

428,474.29

85.7%

9.70%

Mar-2017

27

428,474.29

6,524.75

3,463.50

3,061.25

425,413.04

85.1%

9.70%

Apr-2017

28

425,413.04

6,524.75

3,438.76

3,086.00

422,327.04

84.5%

9.70%

May-2017

29

422,327.04

6,524.75

3,413.81

3,110.94

419,216.09

83.8%

9.70%

Jun-2017

30

419,216.09

6,524.75

3,388.66

3,136.09

416,080.00

83.2%

9.70%

Jul-2017

31

416,080.00

6,524.75

3,363.31

3,161.44

412,918.56

82.6%

9.70%

Aug-2017

32

412,918.56

6,524.75

3,337.76

3,187.00

409,731.57

81.9%

9.70%

Sep-2017

33

409,731.57

6,524.75

3,312.00

3,212.76

406,518.81

81.3%

9.70%

Oct-2017

34

406,518.81

6,524.75

3,286.03

3,238.73

403,280.08

80.7%

9.70%

Nov-2017

35

403,280.08

6,524.75

3,259.85

3,264.91

400,015.18

80.0%

9.70%

Dec-2017

36

400,015.18

6,524.75

3,233.46

3,291.30

396,723.88

79.3%

9.70%

Jan-2018

37

396,723.88

6,524.75

3,206.85

3,317.90

393,405.98

78.7%

9.70%

Feb-2018

38

393,405.98

6,524.75

3,180.03

3,344.72

390,061.25

78.0%

9.70%

Mar-2018

39

390,061.25

6,524.75

3,153.00

3,371.76

386,689.50

77.3%

9.70%

Apr-2018

40

386,689.50

6,524.75

3,125.74

3,399.01

383,290.48

76.7%

9.70%

May-2018

41

383,290.48

6,524.75

3,098.26

3,426.49

379,863.99

76.0%

9.70%

Jun-2018

42

379,863.99

6,524.75

3,070.57

3,454.19

376,409.81

75.3%

9.70%

Jul-2018

43

376,409.81

6,524.75

3,042.65

3,482.11

372,927.70

74.6%

9.70%

Aug-2018

44

372,927.70

6,524.75

3,014.50

3,510.26

369,417.44

73.9%

9.70%

Sep-2018

45

369,417.44

6,524.75

2,986.12

3,538.63

365,878.81

73.2%

9.70%

Oct-2018

46

365,878.81

6,524.75

2,957.52

3,567.23

362,311.58

72.5%

9.70%

Nov-2018

47

362,311.58

6,524.75

2,928.69

3,596.07

358,715.51

71.7%

9.70%

Dec-2018

48

358,715.51

6,524.75

2,899.62

3,625.14

355,090.37

71.0%

9.70%

Jan-2019

49

355,090.37

6,524.75

2,870.31

3,654.44

351,435.93

70.3%

9.70%

Feb-2019

50

351,435.93

6,524.75

2,840.77

3,683.98

347,751.95

69.6%

9.70%

Mar-2019

51

347,751.95

6,524.75

2,810.99

3,713.76

344,038.19

68.8%

9.70%

Apr-2019

52

344,038.19

6,524.75

2,780.98

3,743.78

340,294.42

68.1%

9.70%

May-2019

53

340,294.42

6,524.75

2,750.71

3,774.04

336,520.38

67.3%

9.70%

Jun-2019

54

336,520.38

6,524.75

2,720.21

3,804.55

332,715.83

66.5%

9.70%

Jul-2019

55

332,715.83

6,524.75

2,689.45

3,835.30

328,880.53

65.8%

9.70%

Aug-2019

56

328,880.53

6,524.75

2,658.45

3,866.30

325,014.22

65.0%

9.70%

Sep-2019

57

325,014.22

6,524.75

2,627.20

3,897.56

321,116.67

64.2%

9.70%

Oct-2019

58

321,116.67

6,524.75

2,595.69

3,929.06

317,187.61

63.4%

9.70%

Nov-2019

59

317,187.61

6,524.75

2,563.93

3,960.82

313,226.79

62.6%

9.70%

Dec-2019

60

313,226.79

6,524.75

2,531.92

3,992.84

309,233.95

61.8%

9.70%

Jan-2020

61

309,233.95

6,524.75

2,499.64

4,025.11

305,208.84

61.0%

9.70%

Feb-2020

62

305,208.84

6,524.75

2,467.10

4,057.65

301,151.19

60.2%

9.70%

Mar-2020

63

301,151.19

6,524.75

2,434.31

4,090.45

297,060.74

59.4%

9.70%

Apr-2020

64

297,060.74

6,524.75

2,401.24

4,123.51

292,937.23

58.6%

9.70%

May-2020

65

292,937.23

6,524.75

2,367.91

4,156.84

288,780.38

57.8%

9.70%

Jun-2020

66

288,780.38

6,524.75

2,334.31

4,190.45

284,589.93

56.9%

9.70%

Jul-2020

67

284,589.93

6,524.75

2,300.44

4,224.32

280,365.62

56.1%

9.70%

Aug-2020

68

280,365.62

6,524.75

2,266.29

4,258.47

276,107.15

55.2%

9.70%

Sep-2020

69

276,107.15

6,524.75

2,231.87

4,292.89

271,814.26

54.4%

9.70%

Oct-2020

70

271,814.26

6,524.75

2,197.17

4,327.59

267,486.67

53.5%

9.70%

Nov-2020

71

267,486.67

6,524.75

2,162.18

4,362.57

263,124.10

52.6%

9.70%

Dec-2020

72

263,124.10

6,524.75

2,126.92

4,397.83

258,726.27

51.7%

9.70%

Jan-2021

73

258,726.27

6,524.75

2,091.37

4,433.38

254,292.89

50.9%

9.70%

Feb-2021

74

254,292.89

6,524.75

2,055.53

4,469.22

249,823.67

50.0%

9.70%

Mar-2021

75

249,823.67

6,524.75

2,019.41

4,505.35

245,318.32

49.1%

9.70%

Apr-2021

76

245,318.32

6,524.75

1,982.99

4,541.76

240,776.56

48.2%

9.70%

May-2021

77

240,776.56

6,524.75

1,946.28

4,578.48

236,198.08

47.2%

9.70%

Jun-2021

78

236,198.08

6,524.75

1,909.27

4,615.49

231,582.59

46.3%

9.70%

Jul-2021

79

231,582.59

6,524.75

1,871.96

4,652.79

226,929.80

45.4%

9.70%

Aug-2021

80

226,929.80

6,524.75

1,834.35

4,690.40

222,239.39

44.4%

9.70%

Sep-2021

81

222,239.39

6,524.75

1,796.44

4,728.32

217,511.08

43.5%

9.70%

Oct-2021

82

217,511.08

6,524.75

1,758.21

4,766.54

212,744.54

42.5%

9.70%

Nov-2021

83

212,744.54

6,524.75

1,719.69

4,805.07

207,939.47

41.6%

9.70%

Dec-2021

84

207,939.47

6,524.75

1,680.84

4,843.91

203,095.56

40.6%

9.70%

Jan-2022

85

203,095.56

6,524.75

1,641.69

4,883.06

198,212.49

39.6%

9.70%

Feb-2022

86

198,212.49

6,524.75

1,602.22

4,922.54

193,289.96

38.7%

9.70%

Mar-2022

87

193,289.96

6,524.75

1,562.43

4,962.33

188,327.63

37.7%

9.70%

Apr-2022

88

188,327.63

6,524.75

1,522.32

5,002.44

183,325.19

36.7%

9.70%

May-2022

89

183,325.19

6,524.75

1,481.88

5,042.88

178,282.31

35.7%

9.70%

Jun-2022

90

178,282.31

6,524.75

1,441.12

5,083.64

173,198.68

34.6%

9.70%

Jul-2022

91

173,198.68

6,524.75

1,400.02

5,124.73

168,073.95

33.6%

9.70%

Aug-2022

92

168,073.95

6,524.75

1,358.60

5,166.16

162,907.79

32.6%

9.70%

Sep-2022

93

162,907.79

6,524.75

1,316.84

5,207.92

157,699.87

31.5%

9.70%

Oct-2022

94

157,699.87

6,524.75

1,274.74

5,250.01

152,449.86

30.5%

9.70%

Nov-2022

95

152,449.86

6,524.75

1,232.30

5,292.45

147,157.41

29.4%

9.70%

Dec-2022

96

147,157.41

6,524.75

1,189.52

5,335.23

141,822.18

28.4%

9.70%

Jan-2023

97

141,822.18

6,524.75

1,146.40

5,378.36

136,443.82

27.3%

9.70%

Feb-2023

98

136,443.82

6,524.75

1,102.92

5,421.83

131,021.99

26.2%

9.70%

Mar-2023

99

131,021.99

6,524.75

1,059.09

5,465.66

125,556.33

25.1%

9.70%

Apr-2023

100

125,556.33

6,524.75

1,014.91

5,509.84

120,046.49

24.0%

9.70%

Page 3 of 5

120

546000

40000

580000

May-2016

Aug-2016

12

1200
0.7

908245.2

in

580000

328245.2

200

40000

236000

130000

780000

Loan Amortization Table

www.excel-skills.com

Loan Principle Amount

Annual Interest Rate
Loan Period (in months)
Original Repayment Amount
Loan Start Date
Repayment Type

500,000.00
9.70%
120.00
6,524.75
1/9/2015
End

On
On this
this sheet:
sheet:

Simply
Simply enter
enter the
the appropriate
appropriate values
values in
in cell
cell D3
D3 to
to D8
D8 and
and the
the amortization
amortization table
table calculation
calculation is
is
automatically
automatically updated.
updated. The
The interest
interest rate
rate that
that is
is entered
entered in
in cell
cell D4
D4 only
only affects
affects the
the calculation
calculation of
of
the
the original
original loan
loan repayment
repayment amount
amount in
in cell
cell D6.
D6. The
The amortization
amortization table
table calculations
calculations are
are based
based on
on
the
the monthly
monthly interest
interest rates
rates that
that are
are entered
entered in
in column
column K.
K. The
The template
template therefore
therefore accommodates
accommodates
variable
variable monthly
monthly interest
interest rates.
rates.

6,524.00

282880

10,549.00

132940

4,025.00

149940

6576

120

789120

600

1200

720000

0.08

0.7

504000

780000

276000

57600

285120

293600

Month

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital
Repaid

Closing
Balance

% Capital
Outstanding

May-2023

101

120,046.49

6,524.75

970.38

5,554.38

114,492.11

22.9%

9.70%

Jun-2023

102

114,492.11

6,524.75

925.48

5,599.28

108,892.83

21.8%

9.70%

Jul-2023

103

108,892.83

6,524.75

880.22

5,644.54

103,248.29

20.6%

9.70%

Aug-2023

104

103,248.29

6,524.75

834.59

5,690.16

97,558.13

19.5%

9.70%

Sep-2023

105

97,558.13

6,524.75

788.59

5,736.16

91,821.97

18.4%

9.70%

Oct-2023

106

91,821.97

6,524.75

742.23

5,782.53

86,039.45

17.2%

9.70%

Nov-2023

107

86,039.45

6,524.75

695.49

5,829.27

80,210.18

16.0%

9.70%

Dec-2023

108

80,210.18

6,524.75

648.37

5,876.39

74,333.79

14.9%

9.70%

Interest Rate

Jan-2024

109

74,333.79

6,524.75

600.86

5,923.89

68,409.90

13.7%

9.70%

Feb-2024

110

68,409.90

6,524.75

552.98

5,971.77

62,438.13

12.5%

9.70%

Mar-2024

111

62,438.13

6,524.75

504.71

6,020.05

56,418.08

11.3%

9.70%

Apr-2024

112

56,418.08

6,524.75

456.05

6,068.71

50,349.37

10.1%

9.70%

May-2024

113

50,349.37

6,524.75

406.99

6,117.76

44,231.61

8.8%

9.70%

Jun-2024

114

44,231.61

6,524.75

357.54

6,167.22

38,064.39

7.6%

9.70%

Jul-2024

115

38,064.39

6,524.75

307.69

6,217.07

31,847.33

6.4%

9.70%

Aug-2024

116

31,847.33

6,524.75

257.43

6,267.32

25,580.01

5.1%

9.70%

Sep-2024

117

25,580.01

6,524.75

206.77

6,317.98

19,262.02

3.9%

9.70%

Oct-2024

118

19,262.02

6,524.75

155.70

6,369.05

12,892.97

2.6%

9.70%

Nov-2024

119

12,892.97

6,524.75

104.22

6,420.54

6,472.44

1.3%

9.70%

Dec-2024

120

6,472.44

6,524.75

52.32

6,472.44

0.0%

9.70%

Jan-2025

121

0.0%

9.70%

Feb-2025

122

0.0%

9.70%

Mar-2025

123

0.0%

9.70%

Apr-2025

124

0.0%

9.70%

May-2025

125

0.0%

9.70%

Jun-2025

126

0.0%

9.70%

Jul-2025

127

0.0%

9.70%

Aug-2025

128

0.0%

9.70%

Sep-2025

129

0.0%

9.70%

Oct-2025

130

0.0%

9.70%

Nov-2025

131

0.0%

9.70%

Dec-2025

132

0.0%

9.70%

Jan-2026

133

0.0%

9.70%

Feb-2026

134

0.0%

9.70%

Mar-2026

135

0.0%

9.70%

Apr-2026

136

0.0%

9.70%

May-2026

137

0.0%

9.70%

Jun-2026

138

0.0%

9.70%

Jul-2026

139

0.0%

9.70%

Aug-2026

140

0.0%

9.70%

Sep-2026

141

0.0%

9.70%

Oct-2026

142

0.0%

9.70%

Nov-2026

143

0.0%

9.70%

Dec-2026

144

0.0%

9.70%

Jan-2027

145

0.0%

9.70%

Feb-2027

146

0.0%

9.70%

Mar-2027

147

0.0%

9.70%

Apr-2027

148

0.0%

9.70%

May-2027

149

0.0%

9.70%

Jun-2027

150

0.0%

9.70%

Jul-2027

151

0.0%

9.70%

Aug-2027

152

0.0%

9.70%

Sep-2027

153

0.0%

9.70%

Oct-2027

154

0.0%

9.70%

Nov-2027

155

0.0%

9.70%

Dec-2027

156

0.0%

9.70%

Jan-2028

157

0.0%

9.70%

Feb-2028

158

0.0%

9.70%

Mar-2028

159

0.0%

9.70%

Apr-2028

160

0.0%

9.70%

May-2028

161

0.0%

9.70%

Jun-2028

162

0.0%

9.70%

Jul-2028

163

0.0%

9.70%

Aug-2028

164

0.0%

9.70%

Sep-2028

165

0.0%

9.70%

Oct-2028

166

0.0%

9.70%

Nov-2028

167

0.0%

9.70%

Dec-2028

168

0.0%

9.70%

Jan-2029

169

0.0%

9.70%

Feb-2029

170

0.0%

9.70%

Mar-2029

171

0.0%

9.70%

Apr-2029

172

0.0%

9.70%

May-2029

173

0.0%

9.70%

Jun-2029

174

0.0%

9.70%

Jul-2029

175

0.0%

9.70%

Aug-2029

176

0.0%

9.70%

Sep-2029

177

0.0%

9.70%

Oct-2029

178

0.0%

9.70%

Nov-2029

179

0.0%

9.70%

Dec-2029

180

0.0%

9.70%

Jan-2030

181

0.0%

9.70%

Page 4 of 5

180

40000

236000
0

Loan Summary
www.excel-skills.com

Review Date

8/5/2014

Month End Date

8/31/2014

Loan Start Date

1/9/2015

To Date
Total Loan Repayments

#N/A

Total Interest Paid

#N/A

Total Capital Repayment

#N/A

Outstanding Capital Balance

#N/A

Outstanding Capital %

#N/A

Previous 12 Months
Total Loan Repayments

#N/A

Total Interest Paid

#N/A

Total Capital Repayment

#N/A

Next 12 Months
Total Loan Repayments

#N/A

Total Interest Paid

#N/A

Total Capital Repayment

#N/A

Loan Period
Total Loan Repayments

#REF!

Total Interest Paid

#REF!

Total Capital Repayment

#REF!

Page 5 of 5

On
On this
this

The
The functionality
functionality that
that has
has been
been include
include
the
the interest
interest &
& capital
capital balances
balances at
at vari
vari
simply
simply entering
entering the
the appropriate
appropriate review
review
this
this sheet
sheet are
are based
based on
on the
the input
input value
value
works
works