Loan Amortization Schedule

Loan Amortization Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008-2023 Vertex42 LLC About This Worksheet

This spreadsheet creates an amortization schedule for a
fixed-rate loan, with optional extra payments. See the
Help worksheet for more details. Edit cells within gray
Loan Information Summary borders.
Loan Amount 56,080.00 Rate (per period) 0.258%
Annual Interest Rate 3.10% Total Payments 80,659.57
Term of Loan in Years 25 Total Interest 24,579.57 This spreadsheet is for Personal Use Only. You
may purchase a commercial license if you are a
First Payment Date 1/1/2021 Est. Interest Savings -
lender or are using the spreadsheet for
Payment Frequency Monthly . business.
Compound Period Monthly .
Payment Type End of Period Purchase the Commercial Version
Rounding On
[42]
Monthly Payment 268.86
Amortization Schedule
Due Payment Additional
No. Interest Principal Balance
Date Due Payment
56,080.00
1 1/1/21 268.86 144.87 123.99 55,956.01
2 2/1/21 268.86 144.55 124.31 55,831.70
3 3/1/21 268.86 144.23 124.63 55,707.07
4 4/1/21 268.86 143.91 124.95 55,582.12
5 5/1/21 268.86 143.59 125.27 55,456.85
6 6/1/21 268.86 143.26 125.60 55,331.25
7 7/1/21 268.86 142.94 125.92 55,205.33
8 8/1/21 268.86 142.61 126.25 55,079.08
9 9/1/21 268.86 142.29 126.57 54,952.51
10 10/1/21 268.86 141.96 126.90 54,825.61
11 11/1/21 268.86 141.63 127.23 54,698.38
12 12/1/21 268.86 141.30 127.56 54,570.82
13 1/1/22 268.86 140.97 127.89 54,442.93
14 2/1/22 268.86 140.64 128.22 54,314.71
15 3/1/22 268.86 140.31 128.55 54,186.16
16 4/1/22 268.86 139.98 128.88 54,057.28
17 5/1/22 268.86 139.65 129.21 53,928.07
18 6/1/22 268.86 139.31 129.55 53,798.52
19 7/1/22 268.86 138.98 129.88 53,668.64
20 8/1/22 268.86 138.64 130.22 53,538.42
21 9/1/22 268.86 138.31 130.55 53,407.87
22 10/1/22 268.86 137.97 130.89 53,276.98
23 11/1/22 268.86 137.63 131.23 53,145.75
24 12/1/22 268.86 137.29 131.57 53,014.18
25 1/1/23 268.86 136.95 131.91 52,882.27
26 2/1/23 268.86 136.61 132.25 52,750.02
27 3/1/23 268.86 136.27 132.59 52,617.43
28 4/1/23 268.86 135.93 132.93 52,484.50
29 5/1/23 268.86 135.58 133.28 52,351.22
30 6/1/23 268.86 135.24 133.62 52,217.60
31 7/1/23 268.86 134.90 133.96 52,083.64
32 8/1/23 268.86 134.55 134.31 51,949.33
33 9/1/23 268.86 134.20 134.66 51,814.67
34 10/1/23 268.86 133.85 135.01 51,679.66
35 11/1/23 268.86 133.51 135.35 51,544.31
36 12/1/23 268.86 133.16 135.70 51,408.61
37 1/1/24 268.86 132.81 136.05 51,272.56
38 2/1/24 268.86 132.45 136.41 51,136.15
39 3/1/24 268.86 132.10 136.76 50,999.39
40 4/1/24 268.86 131.75 137.11 50,862.28
41 5/1/24 268.86 131.39 137.47 50,724.81
42 6/1/24 268.86 131.04 137.82 50,586.99
43 7/1/24 268.86 130.68 138.18 50,448.81
44 8/1/24 268.86 130.33 138.53 50,310.28
45 9/1/24 268.86 129.97 138.89 50,171.39
46 10/1/24 268.86 129.61 139.25 50,032.14
47 11/1/24 268.86 129.25 139.61 49,892.53
48 12/1/24 268.86 128.89 139.97 49,752.56
49 1/1/25 268.86 128.53 140.33 49,612.23
50 2/1/25 268.86 128.16 140.70 49,471.53
51 3/1/25 268.86 127.80 141.06 49,330.47
52 4/1/25 268.86 127.44 141.42 49,189.05
53 5/1/25 268.86 127.07 141.79 49,047.26
54 6/1/25 268.86 126.71 142.15 48,905.11
Page 1 of 38
Date Due Payment
55 7/1/25 268.86 126.34 142.52 48,762.59
56 8/1/25 268.86 125.97 142.89 48,619.70
57 9/1/25 268.86 125.60 143.26 48,476.44
58 10/1/25 268.86 125.23 143.63 48,332.81
59 11/1/25 268.86 124.86 144.00 48,188.81
60 12/1/25 268.86 124.49 144.37 48,044.44
61 1/1/26 268.86 124.11 144.75 47,899.69
62 2/1/26 268.86 123.74 145.12 47,754.57
63 3/1/26 268.86 123.37 145.49 47,609.08
64 4/1/26 268.86 122.99 145.87 47,463.21
65 5/1/26 268.86 122.61 146.25 47,316.96
66 6/1/26 268.86 122.24 146.62 47,170.34
67 7/1/26 268.86 121.86 147.00 47,023.34
68 8/1/26 268.86 121.48 147.38 46,875.96
69 9/1/26 268.86 121.10 147.76 46,728.20
70 10/1/26 268.86 120.71 148.15 46,580.05
71 11/1/26 268.86 120.33 148.53 46,431.52
72 12/1/26 268.86 119.95 148.91 46,282.61
73 1/1/27 268.86 119.56 149.30 46,133.31
74 2/1/27 268.86 119.18 149.68 45,983.63
75 3/1/27 268.86 118.79 150.07 45,833.56
76 4/1/27 268.86 118.40 150.46 45,683.10
77 5/1/27 268.86 118.01 150.85 45,532.25
78 6/1/27 268.86 117.62 151.24 45,381.01
79 7/1/27 268.86 117.23 151.63 45,229.38
80 8/1/27 268.86 116.84 152.02 45,077.36
81 9/1/27 268.86 116.45 152.41 44,924.95
82 10/1/27 268.86 116.06 152.80 44,772.15
83 11/1/27 268.86 115.66 153.20 44,618.95
84 12/1/27 268.86 115.27 153.59 44,465.36
85 1/1/28 268.86 114.87 153.99 44,311.37
86 2/1/28 268.86 114.47 154.39 44,156.98
87 3/1/28 268.86 114.07 154.79 44,002.19
88 4/1/28 268.86 113.67 155.19 43,847.00
89 5/1/28 268.86 113.27 155.59 43,691.41
90 6/1/28 268.86 112.87 155.99 43,535.42
91 7/1/28 268.86 112.47 156.39 43,379.03
92 8/1/28 268.86 112.06 156.80 43,222.23
93 9/1/28 268.86 111.66 157.20 43,065.03
94 10/1/28 268.86 111.25 157.61 42,907.42
95 11/1/28 268.86 110.84 158.02 42,749.40
96 12/1/28 268.86 110.44 158.42 42,590.98
97 1/1/29 268.86 110.03 158.83 42,432.15
98 2/1/29 268.86 109.62 159.24 42,272.91
99 3/1/29 268.86 109.21 159.65 42,113.26
100 4/1/29 268.86 108.79 160.07 41,953.19
101 5/1/29 268.86 108.38 160.48 41,792.71
102 6/1/29 268.86 107.96 160.90 41,631.81
103 7/1/29 268.86 107.55 161.31 41,470.50
104 8/1/29 268.86 107.13 161.73 41,308.77
105 9/1/29 268.86 106.71 162.15 41,146.62
106 10/1/29 268.86 106.30 162.56 40,984.06
107 11/1/29 268.86 105.88 162.98 40,821.08
108 12/1/29 268.86 105.45 163.41 40,657.67
109 1/1/30 268.86 105.03 163.83 40,493.84
110 2/1/30 268.86 104.61 164.25 40,329.59
111 3/1/30 268.86 104.18 164.68 40,164.91
112 4/1/30 268.86 103.76 165.10 39,999.81
113 5/1/30 268.86 103.33 165.53 39,834.28
114 6/1/30 268.86 102.91 165.95 39,668.33
115 7/1/30 268.86 102.48 166.38 39,501.95
116 8/1/30 268.86 102.05 166.81 39,335.14
117 9/1/30 268.86 101.62 167.24 39,167.90
118 10/1/30 268.86 101.18 167.68 39,000.22
119 11/1/30 268.86 100.75 168.11 38,832.11
120 12/1/30 268.86 100.32 168.54 38,663.57
121 1/1/31 268.86 99.88 168.98 38,494.59
122 2/1/31 268.86 99.44 169.42 38,325.17
123 3/1/31 268.86 99.01 169.85 38,155.32
124 4/1/31 268.86 98.57 170.29 37,985.03
125 5/1/31 268.86 98.13 170.73 37,814.30
126 6/1/31 268.86 97.69 171.17 37,643.13
127 7/1/31 268.86 97.24 171.62 37,471.51
128 8/1/31 268.86 96.80 172.06 37,299.45
129 9/1/31 268.86 96.36 172.50 37,126.95
130 10/1/31 268.86 95.91 172.95 36,954.00
Date Due Payment
131 11/1/31 268.86 95.46 173.40 36,780.60
132 12/1/31 268.86 95.02 173.84 36,606.76
133 1/1/32 268.86 94.57 174.29 36,432.47
134 2/1/32 268.86 94.12 174.74 36,257.73
135 3/1/32 268.86 93.67 175.19 36,082.54
136 4/1/32 268.86 93.21 175.65 35,906.89
137 5/1/32 268.86 92.76 176.10 35,730.79
138 6/1/32 268.86 92.30 176.56 35,554.23
139 7/1/32 268.86 91.85 177.01 35,377.22
140 8/1/32 268.86 91.39 177.47 35,199.75
141 9/1/32 268.86 90.93 177.93 35,021.82
142 10/1/32 268.86 90.47 178.39 34,843.43
143 11/1/32 268.86 90.01 178.85 34,664.58
144 12/1/32 268.86 89.55 179.31 34,485.27
145 1/1/33 268.86 89.09 179.77 34,305.50
146 2/1/33 268.86 88.62 180.24 34,125.26
147 3/1/33 268.86 88.16 180.70 33,944.56
148 4/1/33 268.86 87.69 181.17 33,763.39
149 5/1/33 268.86 87.22 181.64 33,581.75
150 6/1/33 268.86 86.75 182.11 33,399.64
151 7/1/33 268.86 86.28 182.58 33,217.06
152 8/1/33 268.86 85.81 183.05 33,034.01
153 9/1/33 268.86 85.34 183.52 32,850.49
154 10/1/33 268.86 84.86 184.00 32,666.49
155 11/1/33 268.86 84.39 184.47 32,482.02
156 12/1/33 268.86 83.91 184.95 32,297.07
157 1/1/34 268.86 83.43 185.43 32,111.64
158 2/1/34 268.86 82.96 185.90 31,925.74
159 3/1/34 268.86 82.47 186.39 31,739.35
160 4/1/34 268.86 81.99 186.87 31,552.48
161 5/1/34 268.86 81.51 187.35 31,365.13
162 6/1/34 268.86 81.03 187.83 31,177.30
163 7/1/34 268.86 80.54 188.32 30,988.98
164 8/1/34 268.86 80.05 188.81 30,800.17
165 9/1/34 268.86 79.57 189.29 30,610.88
166 10/1/34 268.86 79.08 189.78 30,421.10
167 11/1/34 268.86 78.59 190.27 30,230.83
168 12/1/34 268.86 78.10 190.76 30,040.07
169 1/1/35 268.86 77.60 191.26 29,848.81
170 2/1/35 268.86 77.11 191.75 29,657.06
171 3/1/35 268.86 76.61 192.25 29,464.81
172 4/1/35 268.86 76.12 192.74 29,272.07
173 5/1/35 268.86 75.62 193.24 29,078.83
174 6/1/35 268.86 75.12 193.74 28,885.09
175 7/1/35 268.86 74.62 194.24 28,690.85
176 8/1/35 268.86 74.12 194.74 28,496.11
177 9/1/35 268.86 73.61 195.25 28,300.86
178 10/1/35 268.86 73.11 195.75 28,105.11
179 11/1/35 268.86 72.60 196.26 27,908.85
180 12/1/35 268.86 72.10 196.76 27,712.09
181 1/1/36 268.86 71.59 197.27 27,514.82
182 2/1/36 268.86 71.08 197.78 27,317.04
183 3/1/36 268.86 70.57 198.29 27,118.75
184 4/1/36 268.86 70.06 198.80 26,919.95
185 5/1/36 268.86 69.54 199.32 26,720.63
186 6/1/36 268.86 69.03 199.83 26,520.80
187 7/1/36 268.86 68.51 200.35 26,320.45
188 8/1/36 268.86 67.99 200.87 26,119.58
189 9/1/36 268.86 67.48 201.38 25,918.20
190 10/1/36 268.86 66.96 201.90 25,716.30
191 11/1/36 268.86 66.43 202.43 25,513.87
192 12/1/36 268.86 65.91 202.95 25,310.92
193 1/1/37 268.86 65.39 203.47 25,107.45
194 2/1/37 268.86 64.86 204.00 24,903.45
195 3/1/37 268.86 64.33 204.53 24,698.92
196 4/1/37 268.86 63.81 205.05 24,493.87
197 5/1/37 268.86 63.28 205.58 24,288.29
198 6/1/37 268.86 62.74 206.12 24,082.17
199 7/1/37 268.86 62.21 206.65 23,875.52
200 8/1/37 268.86 61.68 207.18 23,668.34
201 9/1/37 268.86 61.14 207.72 23,460.62
202 10/1/37 268.86 60.61 208.25 23,252.37
203 11/1/37 268.86 60.07 208.79 23,043.58
204 12/1/37 268.86 59.53 209.33 22,834.25
205 1/1/38 268.86 58.99 209.87 22,624.38
206 2/1/38 268.86 58.45 210.41 22,413.97
Date Due Payment
207 3/1/38 268.86 57.90 210.96 22,203.01
208 4/1/38 268.86 57.36 211.50 21,991.51
209 5/1/38 268.86 56.81 212.05 21,779.46
210 6/1/38 268.86 56.26 212.60 21,566.86
211 7/1/38 268.86 55.71 213.15 21,353.71
212 8/1/38 268.86 55.16 213.70 21,140.01
213 9/1/38 268.86 54.61 214.25 20,925.76
214 10/1/38 268.86 54.06 214.80 20,710.96
215 11/1/38 268.86 53.50 215.36 20,495.60
216 12/1/38 268.86 52.95 215.91 20,279.69
217 1/1/39 268.86 52.39 216.47 20,063.22
218 2/1/39 268.86 51.83 217.03 19,846.19
219 3/1/39 268.86 51.27 217.59 19,628.60
220 4/1/39 268.86 50.71 218.15 19,410.45
221 5/1/39 268.86 50.14 218.72 19,191.73
222 6/1/39 268.86 49.58 219.28 18,972.45
223 7/1/39 268.86 49.01 219.85 18,752.60
224 8/1/39 268.86 48.44 220.42 18,532.18
225 9/1/39 268.86 47.87 220.99 18,311.19
226 10/1/39 268.86 47.30 221.56 18,089.63
227 11/1/39 268.86 46.73 222.13 17,867.50
228 12/1/39 268.86 46.16 222.70 17,644.80
229 1/1/40 268.86 45.58 223.28 17,421.52
230 2/1/40 268.86 45.01 223.85 17,197.67
231 3/1/40 268.86 44.43 224.43 16,973.24
232 4/1/40 268.86 43.85 225.01 16,748.23
233 5/1/40 268.86 43.27 225.59 16,522.64
234 6/1/40 268.86 42.68 226.18 16,296.46
235 7/1/40 268.86 42.10 226.76 16,069.70
236 8/1/40 268.86 41.51 227.35 15,842.35
237 9/1/40 268.86 40.93 227.93 15,614.42
238 10/1/40 268.86 40.34 228.52 15,385.90
239 11/1/40 268.86 39.75 229.11 15,156.79
240 12/1/40 268.86 39.16 229.70 14,927.09
241 1/1/41 268.86 38.56 230.30 14,696.79
242 2/1/41 268.86 37.97 230.89 14,465.90
243 3/1/41 268.86 37.37 231.49 14,234.41
244 4/1/41 268.86 36.77 232.09 14,002.32
245 5/1/41 268.86 36.17 232.69 13,769.63
246 6/1/41 268.86 35.57 233.29 13,536.34
247 7/1/41 268.86 34.97 233.89 13,302.45
248 8/1/41 268.86 34.36 234.50 13,067.95
249 9/1/41 268.86 33.76 235.10 12,832.85
250 10/1/41 268.86 33.15 235.71 12,597.14
251 11/1/41 268.86 32.54 236.32 12,360.82
252 12/1/41 268.86 31.93 236.93 12,123.89
253 1/1/42 268.86 31.32 237.54 11,886.35
254 2/1/42 268.86 30.71 238.15 11,648.20
255 3/1/42 268.86 30.09 238.77 11,409.43
256 4/1/42 268.86 29.47 239.39 11,170.04
257 5/1/42 268.86 28.86 240.00 10,930.04
258 6/1/42 268.86 28.24 240.62 10,689.42
259 7/1/42 268.86 27.61 241.25 10,448.17
260 8/1/42 268.86 26.99 241.87 10,206.30
261 9/1/42 268.86 26.37 242.49 9,963.81
262 10/1/42 268.86 25.74 243.12 9,720.69
263 11/1/42 268.86 25.11 243.75 9,476.94
264 12/1/42 268.86 24.48 244.38 9,232.56
265 1/1/43 268.86 23.85 245.01 8,987.55
266 2/1/43 268.86 23.22 245.64 8,741.91
267 3/1/43 268.86 22.58 246.28 8,495.63
268 4/1/43 268.86 21.95 246.91 8,248.72
269 5/1/43 268.86 21.31 247.55 8,001.17
270 6/1/43 268.86 20.67 248.19 7,752.98
271 7/1/43 268.86 20.03 248.83 7,504.15
272 8/1/43 268.86 19.39 249.47 7,254.68
273 9/1/43 268.86 18.74 250.12 7,004.56
274 10/1/43 268.86 18.10 250.76 6,753.80
275 11/1/43 268.86 17.45 251.41 6,502.39
276 12/1/43 268.86 16.80 252.06 6,250.33
277 1/1/44 268.86 16.15 252.71 5,997.62
278 2/1/44 268.86 15.49 253.37 5,744.25
279 3/1/44 268.86 14.84 254.02 5,490.23
280 4/1/44 268.86 14.18 254.68 5,235.55
281 5/1/44 268.86 13.53 255.33 4,980.22
282 6/1/44 268.86 12.87 255.99 4,724.23
Date Due Payment
283 7/1/44 268.86 12.20 256.66 4,467.57
284 8/1/44 268.86 11.54 257.32 4,210.25
285 9/1/44 268.86 10.88 257.98 3,952.27
286 10/1/44 268.86 10.21 258.65 3,693.62
287 11/1/44 268.86 9.54 259.32 3,434.30
288 12/1/44 268.86 8.87 259.99 3,174.31
289 1/1/45 268.86 8.20 260.66 2,913.65
290 2/1/45 268.86 7.53 261.33 2,652.32
291 3/1/45 268.86 6.85 262.01 2,390.31
292 4/1/45 268.86 6.17 262.69 2,127.62
293 5/1/45 268.86 5.50 263.36 1,864.26
294 6/1/45 268.86 4.82 264.04 1,600.22
295 7/1/45 268.86 4.13 264.73 1,335.49
296 8/1/45 268.86 3.45 265.41 1,070.08
297 9/1/45 268.86 2.76 266.10 803.98
298 10/1/45 268.86 2.08 266.78 537.20
299 11/1/45 268.86 1.39 267.47 269.73
300 12/1/45 270.43 0.70 269.73 0.00
Date Due Payment
Date Due Payment
Date Due Payment
Date Due Payment
Date Due Payment
Date Due Payment
End
Loan Payment Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008-2023 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. The
Annual Interest Rate 7.00% Total Payments 1,400.00 spreadsheet assumes all payments are applied on the
Term of Loan in Years 15 Total Interest Accrued 1,746.78 due date (interest is not pro-rated based on the
payment date).
First Payment Date 1/1/2021 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 added to the
Compound Period Monthly Principal Remaining 100,346.78 Balance (i.e. negative amortization or interest
Payment Type End of Period . capitalization).
Rounding On .
[42]
Monthly Payment 898.83
Due Amount Payment Payment Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Paid Balance
100,000.00 This spreadsheet is for Personal Use Only. You
1 1/1/21 898.83 1/1/20 900.00 583.33 583.33 316.67 99,683.33 may purchase a commercial license if you are a
2 2/1/21 898.83 2/5/20, 2/10/20 500.00 581.49 500.00 -81.49 99,764.82 lender or are using the spreadsheet for
3 3/1/21 898.83 2/28/20 0.00 581.96 0.00 -581.96 100,346.78
business.
4 4/1/21 898.83 Purchase the Commercial Version
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
END END
Loan Payment Schedule
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008-2023 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. The Payment
Annual Interest Rate 7.00% Total Payments 3,300.00 is applied first to the Interest Balance and Interest
Term of Loan in Years 15 Total Interest Accrued 2,903.48 Accrued, and then the remaining payment is applied to
the Principal Balance. Unpaid interest is accrued in a
First Payment Date 1/1/2021 Total Interest Paid 2,325.83 separate Interest Balance instead of being capitalized
Payment Frequency Monthly Unpaid Interest 577.65 by adding to the Principal Balance. The spreadsheet
assumes all payments are applied on the due date
Compound Period Monthly Total Principal Paid 974.17 (interest is not pro-rated based on the payment date).
Payment Type End of Period Principal Remaining 99,025.83
Rounding On .
Monthly Payment 898.83 .
Due Amount Payment Payment Interest Interest Interest Principal Principal
No.
Date Due Date Amount Accrued Paid Balance Paid Balance
0.00 100,000.00 This spreadsheet is for Personal Use Only. You
1 1/1/21 898.83 1/1/20 900.00 583.33 583.33 0.00 316.67 99,683.33 may purchase a commercial license if you are a
2 2/1/21 898.83 2/1/20 500.00 581.49 500.00 81.49 0.00 99,683.33 lender or are using the spreadsheet for business.
3 3/1/21 898.83 3/5/20 1,000.00 581.49 662.98 0.00 337.02 99,346.31
4 4/1/21 898.83 3/30/20 900.00 579.52 579.52 0.00 320.48 99,025.83 Purchase the Commercial Version
5 5/1/21 898.83 0.00 577.65 0.00 577.65 0.00 99,025.83
6 6/1/21 898.83
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
END END
HELP
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html
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.
Note: Some of the worksheets have been protected to help prevent accidentally
editing cells that should not be edited. To unprotect a worksheet, go to Review >
Unprotect Sheet.
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.
Related Templates and Resources
► Home Mortgage Calculator
► Simple Interest Loan Calculator
► Amortization Calculation Formula
► Negative Amortization
© 2008-2023 Vertex42 LLC
Loan Amortization Schedule
By Vertex42.com
https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html
© 2008-2021 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: Personal Use Only

https://www.vertex42.com/licensing/EULA_personaluse.html
Do not delete this worksheet

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Loan Amortization Schedule

https://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html © 2008-2023 Vertex42 LLC About This Worksheet

Monthly Payment 268.86

Loan Information Summary About This Worksheet

Monthly Payment 898.83

Loan Information Summary About This Worksheet

Monthly Payment 898.83 .

About This Template

Using the Schedule Worksheet

Using the Payment Worksheet

Related Templates and Resources

► Home Mortgage Calculator

► Simple Interest Loan Calculator

► Amortization Calculation Formula

© 2008-2021 Vertex42 LLC

This spreadsheet, including all worksheets and associated content is a

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

License Agreement: Personal Use Only

Do not delete this worksheet

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