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Loan Amortization Schedule

https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html 2008-2017 Vertex42 LLC

Loan Information Summary About This Worksheet


Loan Amount 200,000.00 Rate (per period) 0.583% This spreadsheet creates an amortization schedule
for a fixed-rate loan, with optional extra payments.
Annual Interest Rate 7.00% Total Payments 323,577.84 See the Help worksheet for more details. Edit cells
Term of Loan in Years 15 Total Interest 123,577.84 within gray borders.
First Payment Date 1/1/2016 Est. Interest Savings -
Payment Frequency Monthly .
Compound Period Monthly . An unlocked commercial version of this
template is available:
Payment Type End of Period
Rounding On Purchase the Unlocked Version
[42]

Monthly Payment 1,797.66

Amortization Schedule
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
200,000.00
1 1/1/16 1,797.66 1,166.67 630.99 199,369.01
2 2/1/16 1,797.66 1,162.99 634.67 198,734.34
3 3/1/16 1,797.66 1,159.28 638.38 198,095.96
4 4/1/16 1,797.66 1,155.56 642.10 197,453.86
5 5/1/16 1,797.66 1,151.81 645.85 196,808.01
6 6/1/16 1,797.66 1,148.05 649.61 196,158.40
7 7/1/16 1,797.66 1,144.26 653.40 195,505.00
8 8/1/16 1,797.66 1,140.45 657.21 194,847.79
9 9/1/16 1,797.66 1,136.61 661.05 194,186.74
10 10/1/16 1,797.66 1,132.76 664.90 193,521.84
11 11/1/16 1,797.66 1,128.88 668.78 192,853.06
12 12/1/16 1,797.66 1,124.98 672.68 192,180.38
13 1/1/17 1,797.66 1,121.05 676.61 191,503.77
14 2/1/17 1,797.66 1,117.11 680.55 190,823.22
15 3/1/17 1,797.66 1,113.14 684.52 190,138.70
16 4/1/17 1,797.66 1,109.14 688.52 189,450.18
17 5/1/17 1,797.66 1,105.13 692.53 188,757.65
18 6/1/17 1,797.66 1,101.09 696.57 188,061.08
19 7/1/17 1,797.66 1,097.02 700.64 187,360.44
20 8/1/17 1,797.66 1,092.94 704.72 186,655.72
21 9/1/17 1,797.66 1,088.83 708.83 185,946.89
22 10/1/17 1,797.66 1,084.69 712.97 185,233.92
23 11/1/17 1,797.66 1,080.53 717.13 184,516.79
24 12/1/17 1,797.66 1,076.35 721.31 183,795.48
25 1/1/18 1,797.66 1,072.14 725.52 183,069.96
26 2/1/18 1,797.66 1,067.91 729.75 182,340.21
27 3/1/18 1,797.66 1,063.65 734.01 181,606.20
28 4/1/18 1,797.66 1,059.37 738.29 180,867.91
29 5/1/18 1,797.66 1,055.06 742.60 180,125.31
30 6/1/18 1,797.66 1,050.73 746.93 179,378.38
31 7/1/18 1,797.66 1,046.37 751.29 178,627.09
32 8/1/18 1,797.66 1,041.99 755.67 177,871.42
33 9/1/18 1,797.66 1,037.58 760.08 177,111.34
34 10/1/18 1,797.66 1,033.15 764.51 176,346.83
35 11/1/18 1,797.66 1,028.69 768.97 175,577.86
36 12/1/18 1,797.66 1,024.20 773.46 174,804.40
37 1/1/19 1,797.66 1,019.69 777.97 174,026.43
38 2/1/19 1,797.66 1,015.15 782.51 173,243.92
39 3/1/19 1,797.66 1,010.59 787.07 172,456.85
40 4/1/19 1,797.66 1,006.00 791.66 171,665.19
41 5/1/19 1,797.66 1,001.38 796.28 170,868.91
42 6/1/19 1,797.66 996.74 800.92 170,067.99
43 7/1/19 1,797.66 992.06 805.60 169,262.39
44 8/1/19 1,797.66 987.36 810.30 168,452.09
45 9/1/19 1,797.66 982.64 815.02 167,637.07
46 10/1/19 1,797.66 977.88 819.78 166,817.29
47 11/1/19 1,797.66 973.10 824.56 165,992.73
48 12/1/19 1,797.66 968.29 829.37 165,163.36
49 1/1/20 1,797.66 963.45 834.21 164,329.15
50 2/1/20 1,797.66 958.59 839.07 163,490.08
51 3/1/20 1,797.66 953.69 843.97 162,646.11
52 4/1/20 1,797.66 948.77 848.89 161,797.22
53 5/1/20 1,797.66 943.82 853.84 160,943.38
54 6/1/20 1,797.66 938.84 858.82 160,084.56
55 7/1/20 1,797.66 933.83 863.83 159,220.73
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
56 8/1/20 1,797.66 928.79 868.87 158,351.86
57 9/1/20 1,797.66 923.72 873.94 157,477.92
58 10/1/20 1,797.66 918.62 879.04 156,598.88
59 11/1/20 1,797.66 913.49 884.17 155,714.71
60 12/1/20 1,797.66 908.34 889.32 154,825.39
61 1/1/21 1,797.66 903.15 894.51 153,930.88
62 2/1/21 1,797.66 897.93 899.73 153,031.15
63 3/1/21 1,797.66 892.68 904.98 152,126.17
64 4/1/21 1,797.66 887.40 910.26 151,215.91
65 5/1/21 1,797.66 882.09 915.57 150,300.34
66 6/1/21 1,797.66 876.75 920.91 149,379.43
67 7/1/21 1,797.66 871.38 926.28 148,453.15
68 8/1/21 1,797.66 865.98 931.68 147,521.47
69 9/1/21 1,797.66 860.54 937.12 146,584.35
70 10/1/21 1,797.66 855.08 942.58 145,641.77
71 11/1/21 1,797.66 849.58 948.08 144,693.69
72 12/1/21 1,797.66 844.05 953.61 143,740.08
73 1/1/22 1,797.66 838.48 959.18 142,780.90
74 2/1/22 1,797.66 832.89 964.77 141,816.13
75 3/1/22 1,797.66 827.26 970.40 140,845.73
76 4/1/22 1,797.66 821.60 976.06 139,869.67
77 5/1/22 1,797.66 815.91 981.75 138,887.92
78 6/1/22 1,797.66 810.18 987.48 137,900.44
79 7/1/22 1,797.66 804.42 993.24 136,907.20
80 8/1/22 1,797.66 798.63 999.03 135,908.17
81 9/1/22 1,797.66 792.80 1,004.86 134,903.31
82 10/1/22 1,797.66 786.94 1,010.72 133,892.59
83 11/1/22 1,797.66 781.04 1,016.62 132,875.97
84 12/1/22 1,797.66 775.11 1,022.55 131,853.42
85 1/1/23 1,797.66 769.14 1,028.52 130,824.90
86 2/1/23 1,797.66 763.15 1,034.51 129,790.39
87 3/1/23 1,797.66 757.11 1,040.55 128,749.84
88 4/1/23 1,797.66 751.04 1,046.62 127,703.22
89 5/1/23 1,797.66 744.94 1,052.72 126,650.50
90 6/1/23 1,797.66 738.79 1,058.87 125,591.63
91 7/1/23 1,797.66 732.62 1,065.04 124,526.59
92 8/1/23 1,797.66 726.41 1,071.25 123,455.34
93 9/1/23 1,797.66 720.16 1,077.50 122,377.84
94 10/1/23 1,797.66 713.87 1,083.79 121,294.05
95 11/1/23 1,797.66 707.55 1,090.11 120,203.94
96 12/1/23 1,797.66 701.19 1,096.47 119,107.47
97 1/1/24 1,797.66 694.79 1,102.87 118,004.60
98 2/1/24 1,797.66 688.36 1,109.30 116,895.30
99 3/1/24 1,797.66 681.89 1,115.77 115,779.53
100 4/1/24 1,797.66 675.38 1,122.28 114,657.25
101 5/1/24 1,797.66 668.83 1,128.83 113,528.42
102 6/1/24 1,797.66 662.25 1,135.41 112,393.01
103 7/1/24 1,797.66 655.63 1,142.03 111,250.98
104 8/1/24 1,797.66 648.96 1,148.70 110,102.28
105 9/1/24 1,797.66 642.26 1,155.40 108,946.88
106 10/1/24 1,797.66 635.52 1,162.14 107,784.74
107 11/1/24 1,797.66 628.74 1,168.92 106,615.82
108 12/1/24 1,797.66 621.93 1,175.73 105,440.09
109 1/1/25 1,797.66 615.07 1,182.59 104,257.50
110 2/1/25 1,797.66 608.17 1,189.49 103,068.01
111 3/1/25 1,797.66 601.23 1,196.43 101,871.58
112 4/1/25 1,797.66 594.25 1,203.41 100,668.17
113 5/1/25 1,797.66 587.23 1,210.43 99,457.74
114 6/1/25 1,797.66 580.17 1,217.49 98,240.25
115 7/1/25 1,797.66 573.07 1,224.59 97,015.66
116 8/1/25 1,797.66 565.92 1,231.74 95,783.92
117 9/1/25 1,797.66 558.74 1,238.92 94,545.00
118 10/1/25 1,797.66 551.51 1,246.15 93,298.85
119 11/1/25 1,797.66 544.24 1,253.42 92,045.43
120 12/1/25 1,797.66 536.93 1,260.73 90,784.70
121 1/1/26 1,797.66 529.58 1,268.08 89,516.62
122 2/1/26 1,797.66 522.18 1,275.48 88,241.14
123 3/1/26 1,797.66 514.74 1,282.92 86,958.22
124 4/1/26 1,797.66 507.26 1,290.40 85,667.82
125 5/1/26 1,797.66 499.73 1,297.93 84,369.89
126 6/1/26 1,797.66 492.16 1,305.50 83,064.39
127 7/1/26 1,797.66 484.54 1,313.12 81,751.27
128 8/1/26 1,797.66 476.88 1,320.78 80,430.49
129 9/1/26 1,797.66 469.18 1,328.48 79,102.01
130 10/1/26 1,797.66 461.43 1,336.23 77,765.78
131 11/1/26 1,797.66 453.63 1,344.03 76,421.75
132 12/1/26 1,797.66 445.79 1,351.87 75,069.88
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
133 1/1/27 1,797.66 437.91 1,359.75 73,710.13
134 2/1/27 1,797.66 429.98 1,367.68 72,342.45
135 3/1/27 1,797.66 422.00 1,375.66 70,966.79
136 4/1/27 1,797.66 413.97 1,383.69 69,583.10
137 5/1/27 1,797.66 405.90 1,391.76 68,191.34
138 6/1/27 1,797.66 397.78 1,399.88 66,791.46
139 7/1/27 1,797.66 389.62 1,408.04 65,383.42
140 8/1/27 1,797.66 381.40 1,416.26 63,967.16
141 9/1/27 1,797.66 373.14 1,424.52 62,542.64
142 10/1/27 1,797.66 364.83 1,432.83 61,109.81
143 11/1/27 1,797.66 356.47 1,441.19 59,668.62
144 12/1/27 1,797.66 348.07 1,449.59 58,219.03
145 1/1/28 1,797.66 339.61 1,458.05 56,760.98
146 2/1/28 1,797.66 331.11 1,466.55 55,294.43
147 3/1/28 1,797.66 322.55 1,475.11 53,819.32
148 4/1/28 1,797.66 313.95 1,483.71 52,335.61
149 5/1/28 1,797.66 305.29 1,492.37 50,843.24
150 6/1/28 1,797.66 296.59 1,501.07 49,342.17
151 7/1/28 1,797.66 287.83 1,509.83 47,832.34
152 8/1/28 1,797.66 279.02 1,518.64 46,313.70
153 9/1/28 1,797.66 270.16 1,527.50 44,786.20
154 10/1/28 1,797.66 261.25 1,536.41 43,249.79
155 11/1/28 1,797.66 252.29 1,545.37 41,704.42
156 12/1/28 1,797.66 243.28 1,554.38 40,150.04
157 1/1/29 1,797.66 234.21 1,563.45 38,586.59
158 2/1/29 1,797.66 225.09 1,572.57 37,014.02
159 3/1/29 1,797.66 215.92 1,581.74 35,432.28
160 4/1/29 1,797.66 206.69 1,590.97 33,841.31
161 5/1/29 1,797.66 197.41 1,600.25 32,241.06
162 6/1/29 1,797.66 188.07 1,609.59 30,631.47
163 7/1/29 1,797.66 178.68 1,618.98 29,012.49
164 8/1/29 1,797.66 169.24 1,628.42 27,384.07
165 9/1/29 1,797.66 159.74 1,637.92 25,746.15
166 10/1/29 1,797.66 150.19 1,647.47 24,098.68
167 11/1/29 1,797.66 140.58 1,657.08 22,441.60
168 12/1/29 1,797.66 130.91 1,666.75 20,774.85
169 1/1/30 1,797.66 121.19 1,676.47 19,098.38
170 2/1/30 1,797.66 111.41 1,686.25 17,412.13
171 3/1/30 1,797.66 101.57 1,696.09 15,716.04
172 4/1/30 1,797.66 91.68 1,705.98 14,010.06
173 5/1/30 1,797.66 81.73 1,715.93 12,294.13
174 6/1/30 1,797.66 71.72 1,725.94 10,568.19
175 7/1/30 1,797.66 61.65 1,736.01 8,832.18
176 8/1/30 1,797.66 51.52 1,746.14 7,086.04
177 9/1/30 1,797.66 41.34 1,756.32 5,329.72
178 10/1/30 1,797.66 31.09 1,766.57 3,563.15
179 11/1/30 1,797.66 20.79 1,776.87 1,786.28
180 12/1/30 1,796.70 10.42 1,786.28 0.00
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
Due Payment Additional
No. Interest Principal Balance
Date Due Payment

End
Loan Payment Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html 2008-2017 Vertex42 LLC

Loan Information Summary About This Worksheet


Loan Amount 100,000.00 Rate (per period) 0.583% This worksheet allows you to track a loan by
entering the actual payment dates and
Annual Interest Rate 7.00% Total Payments 1,400.00 amounts. The spreadsheet assumes all
Term of Loan in Years 15 Total Interest Accrued 1,746.78 payments are applied on the due date (interest
is not pro-rated based on the payment date).
First Payment Date 1/1/2016 Total Interest Paid 1,083.33
Payment Frequency Monthly Total Principal Paid -346.78 Important: If the Payment Amount is less than
the Interest Charged, the unpaid interest is
Compound Period Monthly Principal Remaining 100,346.78 added to the Balance (i.e. negative amortization
Payment Type End of Period . or interest capitalization).
Rounding On .
[42]

Monthly Payment 898.83

Amortization Schedule
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
100,000.00
1 1/1/16 898.83 12/31/16,1/1/16 900.00 583.33 583.33 316.67 99,683.33
2 2/1/16 898.83 2/5/16 500.00 581.49 500.00 -81.49 99,764.82
3 3/1/16 898.83 2/28/16 0.00 581.96 0.00 -581.96 100,346.78
4 4/1/16 898.83
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance

END END
Loan Payment Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html 2008-2017 Vertex42 LLC

Loan Information Summary About This Worksheet


Loan Amount 100,000.00 Rate (per period) 0.583% This worksheet allows you to track a loan by
entering the actual payment dates and amounts.
Annual Interest Rate 7.00% Total Payments 3,877.65 The Payment is applied first to the Interest Balance
Term of Loan in Years 15 Total Interest Accrued 2,903.48 and Interest Accrued, and then the remaining
payment is applied to the Principal Balance.
First Payment Date 1/1/2016 Total Interest Paid 2,325.83 Unpaid interest is accrued in a separate Interest
Payment Frequency Monthly Unpaid Interest 577.65 Balance instead of being capitalized by adding to
the Principal Balance. The spreadsheet assumes
Compound Period Monthly Total Principal Paid 974.17 all payments are applied on the due date (interest
Payment Type End of Period Principal Remaining 99,025.83 is not pro-rated based on the payment date).
Rounding On .

Monthly Payment 898.83 .

Amortization Schedule
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
0.00 100,000.00
1 1/1/16 898.83 1/1/16 900.00 583.33 583.33 0.00 316.67 99,683.33
2 2/1/16 898.83 2/1/16 500.00 581.49 500.00 81.49 0.00 99,683.33
3 3/1/16 898.83 3/5/16 1,000.00 581.49 662.98 0.00 337.02 99,346.31
4 4/1/16 898.83 3/30/16 900.00 579.52 579.52 0.00 320.48 99,025.83
5 5/1/16 898.83 0.00 577.65 0.00 577.65 0.00 99,025.83
6 6/1/16 898.83
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance

END END
HELP
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html 2008-2017 Vertex42 LLC

About This Template


This spreadsheet creates a printable amortization schedule for a fixed-rate loan,
with optional extra payments. It also includes two different worksheets for tracking loan
payments.

Using the Schedule Worksheet


Some cells contain comments (marked with a red triangle) that provide additional help
content.
The payment frequency can be annual, semi-annual, quarterly, bi-monthly, monthly,
semi-monthly, bi-weekly, or weekly.
By default, the compound period is set equal to the payment frequency, but this can be
changed if the loan is a Canadian mortgage for example. Be careful not to set the
Compound Period shorter than the Payment Frequency because that will result in
negative amortization.
Values are rounded to the second decimal place. The rounding option is for comparison
with other calculators that do not round the payment or interest.
You can select whether payments are due at the End or Beginning of the payment
period. The rounding option is for comparison with other calculators that do not round the
payment or interest.
The last payment is adjusted to bring the balance to zero.
The spreadsheet is only valid for up to 780 payments (65-year monthly, 30-year
biweekly, 15-year weekly, etc.)

Using the Payment Worksheet


The two Payment worksheets allow you to track payments as they are made. The
difference between the two worksheets is how unpaid interest is handled.
Edit the Payment Date and Payment Amount within the table.
Payments are applied first to interest and then to principal.
Payments are assumed to be applied on the associated Due Date, even if payments
are made early. The spreadsheet does not prorate interest.
The Payment Date column is for reference only. No calculations depend on the
payment date. You can enter multiple dates in the cell, but enter the total payment in the
Payment Amount cell.
To track fees or escrow, you would need to use some other loan tracking solution, or a
spreadsheet designed for that purpose.

Additional Help
The link at the top of this worksheet will take you to the web page on vertex42.com that
talks about this template.

REFERENCES

SEE ALSO Vertex42.com: Loan Amortization Schedule


SEE ALSO Vertex42.com: Home Mortgage Calculator

TIPS Vertex42.com: Spreadsheet Tips Workbook


Loan Amortization Schedule

By Vertex42.com
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html

2008-2017 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a


copyrighted work under the United States and other copyright laws.

Do not submit copies or modifications of this template to any website or online


template gallery.

Please review the following license agreement to learn how you may or may not
use this template. Thank you.

See License Agreement


https://www.vertex42.com/licensing/EULA_personaluse.html

Do not delete this worksheet.