Daily Compounding Loan Calculator Using This Worksheet

https://www.vertex42.com/Calculators/daily-compounding-loan-calculator.html © 2015 Vertex42 LLC This calculator is used to estimate an

amortization schedule for a Daily Compounding
Loan. The main reason this calculator only
Borrower: [Lending Company Name] provides an estimate is because it assumes that
[Address, City, ST ZIP] [Address, City, ST ZIP] the payments are posted to the account exactly
Phone: [Phone] Phone: [Phone] on the days listed. In reality, that may not be the
case, which is why the Payment worksheet is set
Loan Information [42] Summary up for you to track actual payments.
Loan Amount $ 100,000.00 Daily Interest Rate 0.0342466% Note: Unpaid interest is added to the Balance
Annual Interest Rate 12.50% Number of Payments 181 owed.
Term of Loan in Years 15 Total Payments $ 222,760.72
First Day Interest Accrues 1/2/2015 Total Interest $ 122,760.72
First Payment Date 2/1/2015 Balloon Payment $ -
Payment Frequency Monthly .
120000
Days in Year 365
100000 Balance
Balloon Payment #
Rounding On 80000
1
60000

Est. Monthly Payment $ 1,236.64 40000

Actual Monthly Payment 0

20000
Payment Number
0
0 20 40 60 80 100 120 140 160 180 200
Amortization Schedule
Pmt Additional Principal
Date Payment Interest Balance
No. Payments Paid
1/1/15 $ 100,000
1 2/1/15 1,236.64 1,067.12 169.52 99,830.48
2 3/1/15 1,236.64 961.72 274.92 99,555.56
3 4/1/15 1,236.64 1,062.37 174.27 99,381.29
4 5/1/15 1,236.64 1,026.13 210.51 99,170.78
5 6/1/15 1,236.64 1,058.27 178.37 98,992.41
6 7/1/15 1,236.64 1,022.11 214.53 98,777.88
7 8/1/15 1,236.64 1,054.07 182.57 98,595.31
8 9/1/15 1,236.64 1,052.13 184.51 98,410.80
9 10/1/15 1,236.64 1,016.11 220.53 98,190.27
10 11/1/15 1,236.64 1,047.80 188.84 98,001.43
11 12/1/15 1,236.64 1,011.88 224.76 97,776.67
12 1/1/16 1,236.64 1,043.39 193.25 97,583.42
13 2/1/16 1,236.64 1,041.33 195.31 97,388.11
14 3/1/16 1,236.64 971.86 264.78 97,123.33
15 4/1/16 1,236.64 1,036.42 200.22 96,923.11
16 5/1/16 1,236.64 1,000.75 235.89 96,687.22
17 6/1/16 1,236.64 1,031.76 204.88 96,482.34
18 7/1/16 1,236.64 996.20 240.44 96,241.90
19 8/1/16 1,236.64 1,027.01 209.63 96,032.27
20 9/1/16 1,236.64 1,024.78 211.86 95,820.41
21 10/1/16 1,236.64 989.36 247.28 95,573.13
22 11/1/16 1,236.64 1,019.88 216.76 95,356.37
23 12/1/16 1,236.64 984.57 252.07 95,104.30
24 1/1/17 1,236.64 1,014.87 221.77 94,882.53
25 2/1/17 1,236.64 1,012.51 224.13 94,658.40
26 3/1/17 1,236.64 911.89 324.75 94,333.65
27 4/1/17 1,236.64 1,006.65 229.99 94,103.66
28 5/1/17 1,236.64 971.63 265.01 93,838.65
29 6/1/17 1,236.64 1,001.37 235.27 93,603.38
30 7/1/17 1,236.64 966.47 270.17 93,333.21
31 8/1/17 1,236.64 995.97 240.67 93,092.54
32 9/1/17 1,236.64 993.41 243.23 92,849.31
33 10/1/17 1,236.64 958.68 277.96 92,571.35
34 11/1/17 1,236.64 987.84 248.80 92,322.55
35 12/1/17 1,236.64 953.24 283.40 92,039.15
36 1/1/18 1,236.64 982.16 254.48 91,784.67
37 2/1/18 1,236.64 979.45 257.19 91,527.48
38 3/1/18 1,236.64 881.73 354.91 91,172.57
39 4/1/18 1,236.64 972.92 263.72 90,908.85
40 5/1/18 1,236.64 938.65 297.99 90,610.86
41 6/1/18 1,236.64 966.92 269.72 90,341.14
42 7/1/18 1,236.64 932.79 303.85 90,037.29
43 8/1/18 1,236.64 960.80 275.84 89,761.45
44 9/1/18 1,236.64 957.86 278.78 89,482.67
45 10/1/18 1,236.64 923.92 312.72 89,169.95
46 11/1/18 1,236.64 951.55 285.09 88,884.86
47 12/1/18 1,236.64 917.75 318.89 88,565.97
48 1/1/19 1,236.64 945.10 291.54 88,274.43
49 2/1/19 1,236.64 941.99 294.65 87,979.78
50 3/1/19 1,236.64 847.55 389.09 87,590.69
51 4/1/19 1,236.64 934.69 301.95 87,288.74
52 5/1/19 1,236.64 901.27 335.37 86,953.37
53 6/1/19 1,236.64 927.89 308.75 86,644.62
54 7/1/19 1,236.64 894.62 342.02 86,302.60
55 8/1/19 1,236.64 920.95 315.69 85,986.91

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 Pmt Additional Principal
Date Payment Interest Balance
No. Payments Paid
56 9/1/19 1,236.64 917.58 319.06 85,667.85
57 10/1/19 1,236.64 884.53 352.11 85,315.74
58 11/1/19 1,236.64 910.42 326.22 84,989.52
59 12/1/19 1,236.64 877.53 359.11 84,630.41
60 1/1/20 1,236.64 903.10 333.54 84,296.87
61 2/1/20 1,236.64 899.55 337.09 83,959.78
62 3/1/20 1,236.64 837.86 398.78 83,561.00
63 4/1/20 1,236.64 891.69 344.95 83,216.05
64 5/1/20 1,236.64 859.22 377.42 82,838.63
65 6/1/20 1,236.64 883.98 352.66 82,485.97
66 7/1/20 1,236.64 851.68 384.96 82,101.01
67 8/1/20 1,236.64 876.11 360.53 81,740.48
68 9/1/20 1,236.64 872.27 364.37 81,376.11
69 10/1/20 1,236.64 840.22 396.42 80,979.69
70 11/1/20 1,236.64 864.15 372.49 80,607.20
71 12/1/20 1,236.64 832.28 404.36 80,202.84
72 1/1/21 1,236.64 855.86 380.78 79,822.06
73 2/1/21 1,236.64 851.79 384.85 79,437.21
74 3/1/21 1,236.64 765.26 471.38 78,965.83
75 4/1/21 1,236.64 842.66 393.98 78,571.85
76 5/1/21 1,236.64 811.27 425.37 78,146.48
77 6/1/21 1,236.64 833.91 402.73 77,743.75
78 7/1/21 1,236.64 802.72 433.92 77,309.83
79 8/1/21 1,236.64 824.99 411.65 76,898.18
80 9/1/21 1,236.64 820.59 416.05 76,482.13
81 10/1/21 1,236.64 789.69 446.95 76,035.18
82 11/1/21 1,236.64 811.38 425.26 75,609.92
83 12/1/21 1,236.64 780.68 455.96 75,153.96
84 1/1/22 1,236.64 801.98 434.66 74,719.30
85 2/1/22 1,236.64 797.34 439.30 74,280.00
86 3/1/22 1,236.64 715.58 521.06 73,758.94
87 4/1/22 1,236.64 787.09 449.55 73,309.39
88 5/1/22 1,236.64 756.93 479.71 72,829.68
89 6/1/22 1,236.64 777.18 459.46 72,370.22
90 7/1/22 1,236.64 747.23 489.41 71,880.81
91 8/1/22 1,236.64 767.05 469.59 71,411.22
92 9/1/22 1,236.64 762.04 474.60 70,936.62
93 10/1/22 1,236.64 732.43 504.21 70,432.41
94 11/1/22 1,236.64 751.60 485.04 69,947.37
95 12/1/22 1,236.64 722.22 514.42 69,432.95
96 1/1/23 1,236.64 740.93 495.71 68,937.24
97 2/1/23 1,236.64 735.64 501.00 68,436.24
98 3/1/23 1,236.64 659.28 577.36 67,858.88
99 4/1/23 1,236.64 724.13 512.51 67,346.37
100 5/1/23 1,236.64 695.36 541.28 66,805.09
101 6/1/23 1,236.64 712.89 523.75 66,281.34
102 7/1/23 1,236.64 684.37 552.27 65,729.07
103 8/1/23 1,236.64 701.41 535.23 65,193.84
104 9/1/23 1,236.64 695.69 540.95 64,652.89
105 10/1/23 1,236.64 667.55 569.09 64,083.80
106 11/1/23 1,236.64 683.85 552.79 63,531.01
107 12/1/23 1,236.64 655.97 580.67 62,950.34
108 1/1/24 1,236.64 671.75 564.89 62,385.45
109 2/1/24 1,236.64 665.72 570.92 61,814.53
110 3/1/24 1,236.64 616.86 619.78 61,194.75
111 4/1/24 1,236.64 653.02 583.62 60,611.13
112 5/1/24 1,236.64 625.82 610.82 60,000.31
113 6/1/24 1,236.64 640.27 596.37 59,403.94
114 7/1/24 1,236.64 613.35 623.29 58,780.65
115 8/1/24 1,236.64 627.26 609.38 58,171.27
116 9/1/24 1,236.64 620.75 615.89 57,555.38
117 10/1/24 1,236.64 594.27 642.37 56,913.01
118 11/1/24 1,236.64 607.33 629.31 56,283.70
119 12/1/24 1,236.64 581.14 655.50 55,628.20
120 1/1/25 1,236.64 593.62 643.02 54,985.18
121 2/1/25 1,236.64 586.76 649.88 54,335.30
122 3/1/25 1,236.64 523.44 713.20 53,622.10
123 4/1/25 1,236.64 572.21 664.43 52,957.67
124 5/1/25 1,236.64 546.80 689.84 52,267.83
125 6/1/25 1,236.64 557.76 678.88 51,588.95
126 7/1/25 1,236.64 532.66 703.98 50,884.97
127 8/1/25 1,236.64 543.00 693.64 50,191.33
128 9/1/25 1,236.64 535.60 701.04 49,490.29
129 10/1/25 1,236.64 510.99 725.65 48,764.64
130 11/1/25 1,236.64 520.38 716.26 48,048.38
131 12/1/25 1,236.64 496.11 740.53 47,307.85
132 1/1/26 1,236.64 504.83 731.81 46,576.04
133 2/1/26 1,236.64 497.02 739.62 45,836.42
134 3/1/26 1,236.64 441.57 795.07 45,041.35
135 4/1/26 1,236.64 480.64 756.00 44,285.35
136 5/1/26 1,236.64 457.25 779.39 43,505.96
137 6/1/26 1,236.64 464.26 772.38 42,733.58

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 Pmt Additional Principal
Date Payment Interest Balance
No. Payments Paid
138 7/1/26 1,236.64 441.23 795.41 41,938.17
139 8/1/26 1,236.64 447.53 789.11 41,149.06
140 9/1/26 1,236.64 439.11 797.53 40,351.53
141 10/1/26 1,236.64 416.64 820.00 39,531.53
142 11/1/26 1,236.64 421.85 814.79 38,716.74
143 12/1/26 1,236.64 399.76 836.88 37,879.86
144 1/1/27 1,236.64 404.22 832.42 37,047.44
145 2/1/27 1,236.64 395.34 841.30 36,206.14
146 3/1/27 1,236.64 348.79 887.85 35,318.29
147 4/1/27 1,236.64 376.89 859.75 34,458.54
148 5/1/27 1,236.64 355.79 880.85 33,577.69
149 6/1/27 1,236.64 358.31 878.33 32,699.36
150 7/1/27 1,236.64 337.63 899.01 31,800.35
151 8/1/27 1,236.64 339.35 897.29 30,903.06
152 9/1/27 1,236.64 329.77 906.87 29,996.19
153 10/1/27 1,236.64 309.72 926.92 29,069.27
154 11/1/27 1,236.64 310.20 926.44 28,142.83
155 12/1/27 1,236.64 290.58 946.06 27,196.77
156 1/1/28 1,236.64 290.22 946.42 26,250.35
157 2/1/28 1,236.64 280.12 956.52 25,293.83
158 3/1/28 1,236.64 252.41 984.23 24,309.60
159 4/1/28 1,236.64 259.41 977.23 23,332.37
160 5/1/28 1,236.64 240.91 995.73 22,336.64
161 6/1/28 1,236.64 238.36 998.28 21,338.36
162 7/1/28 1,236.64 220.32 1,016.32 20,322.04
163 8/1/28 1,236.64 216.86 1,019.78 19,302.26
164 9/1/28 1,236.64 205.98 1,030.66 18,271.60
165 10/1/28 1,236.64 188.66 1,047.98 17,223.62
166 11/1/28 1,236.64 183.80 1,052.84 16,170.78
167 12/1/28 1,236.64 166.97 1,069.67 15,101.11
168 1/1/29 1,236.64 161.15 1,075.49 14,025.62
169 2/1/29 1,236.64 149.67 1,086.97 12,938.65
170 3/1/29 1,236.64 124.64 1,112.00 11,826.65
171 4/1/29 1,236.64 126.20 1,110.44 10,716.21
172 5/1/29 1,236.64 110.65 1,125.99 9,590.22
173 6/1/29 1,236.64 102.34 1,134.30 8,455.92
174 7/1/29 1,236.64 87.31 1,149.33 7,306.59
175 8/1/29 1,236.64 77.97 1,158.67 6,147.92
176 9/1/29 1,236.64 65.61 1,171.03 4,976.89
177 10/1/29 1,236.64 51.39 1,185.25 3,791.64
178 11/1/29 1,236.64 40.46 1,196.18 2,595.46
179 12/1/29 1,236.64 26.80 1,209.84 1,385.62
180 1/1/30 1,236.64 14.79 1,221.85 163.77
181 2/1/30 165.52 1.75 163.77 0.00

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 Pmt Additional Principal
Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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Date Payment Interest Balance
No. Payments Paid

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 Daily Compounding Loan Tracker
https://www.vertex42.com/Calculators/daily-compounding-loan-calculator.html © 2015 Vertex42 LLC

Borrower: [Lending Company Name]

[Address, City, ST ZIP] [Address, City, ST ZIP]
Phone: [Phone] Phone: [Phone]

Loan Information [42] Summary To Date

Loan Amount $ 100,000.00 Daily Interest Rate 0.0342466%
Annual Interest Rate 12.50% # Payments 2
First Day Interest Accrues 1/1/2015 Total Payments $ 3,200.00
Days in Year 365 Total Interest $ 3,235.85

Payment (for reference)

Payment Schedule The Interest Amount is Rounded

Pmt Principal
Date Payment Notes Interest Balance
No. Paid
12/31/14 - 100,000.00
1 3/1/15 3,000.00 2,075.69 924.31 99,075.69
2 4/4/15 200.00 1,160.16 0.00 100,035.85
3

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 Using This Worksheet
This spreadsheet provides a way to track payments for a daily
compounding negative amortization loan.

1. Look at your contract to fill in the Loan information. To start

with a current balance, enter the current day's Principal Balance
in the Loan Amount field, tomorrow's date in the First Day
Interest Accrues field.
2. Enter the date of your payments in column B of the Payment
Schedule and the amount you paid in column C. The date
should be the day the payment is processed.
3. To fully pay off a loan, first enter the date it will be paid off.
The Payment should then be the previous Principal Balance
plus the current Interest Due.

Note: This payment schedule assumes no extra penalties or

fees for late payments, missing payments, or prepayments.
Unpaid interest is capitalized (added to the principal balance).

The Interest amount is rounded to the nearest 0.01 each time it

is calculated.

← Enter the Date and Payment Amount in the yellow cells

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HELP
https://www.vertex42.com/Calculators/daily-compounding-loan-calculator.html © 2015 Vertex42 LLC

Getting Started
General help information for how to use each calculator is provided on the right side
of each worksheet. Specific help information for cells is provided via cell comments.

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: Personal Budget Spreadsheet

TIPS Vertex42.com: Spreadsheet Tips Workbook

Daily Compounding Loan Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/daily-compounding-loan-calculator.html

© 2015 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.

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

Do not delete this worksheet