Interest-Only Loan Calculator

© 2009-2018 Vertex42 LLC

Borrower: [Lender Name] Interest-Only Loan Calculator
[Address, City, ST ZIP] [Address, City, ST ZIP]
Phone: [Phone] Phone: [Phone]

Loan Information Summary ► More Financial Calculators

Loan Amount 250,000.00 Rate (per period) 0.500%
Annual Interest Rate 6.000% Number of Payments 360 This spreadsheet is for Personal Use Only.
To obtain a commercial license for lenders
Term of Loan (years) 30 Years to Pay Off 30 and businesses, please purchase the
First Payment Date 2/1/2018 Total Payments 543,094.84 commercial version of the Loan Amortization
Schedule.
Payment Frequency Monthly Total Interest 293,094.84
Compound Period Monthly Est. Interest Savings (3,499.37) Purchase the Commercial Version
Interest-Only Period (years) 1 .
Payment Type End of Period .
Rounding On Yes

Traditional Loan Payment 1,498.88

Interest-Only Payment 1,250.00
Payment After IO Period 1,517.51

Amortization Schedule
Additional
No. Due Date Payment Interest Principal Balance
Payment
250,000.00
1 2/1/18 1,250.00 1,250.00 0.00 250,000.00
2 3/1/18 1,250.00 1,250.00 0.00 250,000.00 Semi-Annual
3 4/1/18 1,250.00 1,250.00 0.00 250,000.00
4 5/1/18 1,250.00 1,250.00 0.00 250,000.00
5 6/1/18 1,250.00 1,250.00 0.00 250,000.00
6 7/1/18 1,250.00 1,250.00 0.00 250,000.00 Semi-Monthly
7 8/1/18 1,250.00 1,250.00 0.00 250,000.00
8 9/1/18 1,250.00 1,250.00 0.00 250,000.00
9 10/1/18 1,250.00 1,250.00 0.00 250,000.00
10 11/1/18 1,250.00 1,250.00 0.00 250,000.00 Compound:
11 12/1/18 1,250.00 1,250.00 0.00 250,000.00
12 1/1/19 1,250.00 1,250.00 0.00 250,000.00
13 2/1/19 1,517.51 1,250.00 267.51 249,732.49
14 3/1/19 1,517.51 1,248.66 268.85 249,463.64
15 4/1/19 1,517.51 1,247.32 270.19 249,193.45
16 5/1/19 1,517.51 1,245.97 271.54 248,921.91
17 6/1/19 1,517.51 1,244.61 272.90 248,649.01
18 7/1/19 1,517.51 1,243.25 274.26 248,374.75
19 8/1/19 1,517.51 1,241.87 275.64 248,099.11
20 9/1/19 1,517.51 1,240.50 277.01 247,822.10
21 10/1/19 1,517.51 1,239.11 278.40 247,543.70
22 11/1/19 1,517.51 1,237.72 279.79 247,263.91
23 12/1/19 1,517.51 1,236.32 281.19 246,982.72
24 1/1/20 1,517.51 1,234.91 282.60 246,700.12
25 2/1/20 1,517.51 1,233.50 284.01 246,416.11
26 3/1/20 1,517.51 1,232.08 285.43 246,130.68
27 4/1/20 1,517.51 1,230.65 286.86 245,843.82
28 5/1/20 1,517.51 1,229.22 288.29 245,555.53
29 6/1/20 1,517.51 1,227.78 289.73 245,265.80
30 7/1/20 1,517.51 1,226.33 291.18 244,974.62
31 8/1/20 1,517.51 1,224.87 292.64 244,681.98
32 9/1/20 1,517.51 1,223.41 294.10 244,387.88
33 10/1/20 1,517.51 1,221.94 295.57 244,092.31
34 11/1/20 1,517.51 1,220.46 297.05 243,795.26
35 12/1/20 1,517.51 1,218.98 298.53 243,496.73
36 1/1/21 1,517.51 1,217.48 300.03 243,196.70
37 2/1/21 1,517.51 1,215.98 301.53 242,895.17
38 3/1/21 1,517.51 1,214.48 303.03 242,592.14
39 4/1/21 1,517.51 1,212.96 304.55 242,287.59
40 5/1/21 1,517.51 1,211.44 306.07 241,981.52
41 6/1/21 1,517.51 1,209.91 307.60 241,673.92
42 7/1/21 1,517.51 1,208.37 309.14 241,364.78
43 8/1/21 1,517.51 1,206.82 310.69 241,054.09
44 9/1/21 1,517.51 1,205.27 312.24 240,741.85
45 10/1/21 1,517.51 1,203.71 313.80 240,428.05
46 11/1/21 1,517.51 1,202.14 315.37 240,112.68
47 12/1/21 1,517.51 1,200.56 316.95 239,795.73
48 1/1/22 1,517.51 1,198.98 318.53 239,477.20
49 2/1/22 1,517.51 1,197.39 320.12 239,157.08
50 3/1/22 1,517.51 1,195.79 321.72 238,835.36

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 Additional
No. Due Date Payment Interest Principal Balance
Payment
51 4/1/22 1,517.51 1,194.18 323.33 238,512.03
52 5/1/22 1,517.51 1,192.56 324.95 238,187.08
53 6/1/22 1,517.51 1,190.94 326.57 237,860.51
54 7/1/22 1,517.51 1,189.30 328.21 237,532.30
55 8/1/22 1,517.51 1,187.66 329.85 237,202.45
56 9/1/22 1,517.51 1,186.01 331.50 236,870.95
57 10/1/22 1,517.51 1,184.35 333.16 236,537.79
58 11/1/22 1,517.51 1,182.69 334.82 236,202.97
59 12/1/22 1,517.51 1,181.01 336.50 235,866.47
60 1/1/23 1,517.51 1,179.33 338.18 235,528.29
61 2/1/23 1,517.51 1,177.64 339.87 235,188.42
62 3/1/23 1,517.51 1,175.94 341.57 234,846.85
63 4/1/23 1,517.51 1,174.23 343.28 234,503.57
64 5/1/23 1,517.51 1,172.52 344.99 234,158.58
65 6/1/23 1,517.51 1,170.79 346.72 233,811.86
66 7/1/23 1,517.51 1,169.06 348.45 233,463.41
67 8/1/23 1,517.51 1,167.32 350.19 233,113.22
68 9/1/23 1,517.51 1,165.57 351.94 232,761.28
69 10/1/23 1,517.51 1,163.81 353.70 232,407.58
70 11/1/23 1,517.51 1,162.04 355.47 232,052.11
71 12/1/23 1,517.51 1,160.26 357.25 231,694.86
72 1/1/24 1,517.51 1,158.47 359.04 231,335.82
73 2/1/24 1,517.51 1,156.68 360.83 230,974.99
74 3/1/24 1,517.51 1,154.87 362.64 230,612.35
75 4/1/24 1,517.51 1,153.06 364.45 230,247.90
76 5/1/24 1,517.51 1,151.24 366.27 229,881.63
77 6/1/24 1,517.51 1,149.41 368.10 229,513.53
78 7/1/24 1,517.51 1,147.57 369.94 229,143.59
79 8/1/24 1,517.51 1,145.72 371.79 228,771.80
80 9/1/24 1,517.51 1,143.86 373.65 228,398.15
81 10/1/24 1,517.51 1,141.99 375.52 228,022.63
82 11/1/24 1,517.51 1,140.11 377.40 227,645.23
83 12/1/24 1,517.51 1,138.23 379.28 227,265.95
84 1/1/25 1,517.51 1,136.33 381.18 226,884.77
85 2/1/25 1,517.51 1,134.42 383.09 226,501.68
86 3/1/25 1,517.51 1,132.51 385.00 226,116.68
87 4/1/25 1,517.51 1,130.58 386.93 225,729.75
88 5/1/25 1,517.51 1,128.65 388.86 225,340.89
89 6/1/25 1,517.51 1,126.70 390.81 224,950.08
90 7/1/25 1,517.51 1,124.75 392.76 224,557.32
91 8/1/25 1,517.51 1,122.79 394.72 224,162.60
92 9/1/25 1,517.51 1,120.81 396.70 223,765.90
93 10/1/25 1,517.51 1,118.83 398.68 223,367.22
94 11/1/25 1,517.51 1,116.84 400.67 222,966.55
95 12/1/25 1,517.51 1,114.83 402.68 222,563.87
96 1/1/26 1,517.51 1,112.82 404.69 222,159.18
97 2/1/26 1,517.51 1,110.80 406.71 221,752.47
98 3/1/26 1,517.51 1,108.76 408.75 221,343.72
99 4/1/26 1,517.51 1,106.72 410.79 220,932.93
100 5/1/26 1,517.51 1,104.66 412.85 220,520.08
101 6/1/26 1,517.51 1,102.60 414.91 220,105.17
102 7/1/26 1,517.51 1,100.53 416.98 219,688.19
103 8/1/26 1,517.51 1,098.44 419.07 219,269.12
104 9/1/26 1,517.51 1,096.35 421.16 218,847.96
105 10/1/26 1,517.51 1,094.24 423.27 218,424.69
106 11/1/26 1,517.51 1,092.12 425.39 217,999.30
107 12/1/26 1,517.51 1,090.00 427.51 217,571.79
108 1/1/27 1,517.51 1,087.86 429.65 217,142.14
109 2/1/27 1,517.51 1,085.71 431.80 216,710.34
110 3/1/27 1,517.51 1,083.55 433.96 216,276.38
111 4/1/27 1,517.51 1,081.38 436.13 215,840.25
112 5/1/27 1,517.51 1,079.20 438.31 215,401.94
113 6/1/27 1,517.51 1,077.01 440.50 214,961.44
114 7/1/27 1,517.51 1,074.81 442.70 214,518.74
115 8/1/27 1,517.51 1,072.59 444.92 214,073.82
116 9/1/27 1,517.51 1,070.37 447.14 213,626.68
117 10/1/27 1,517.51 1,068.13 449.38 213,177.30
118 11/1/27 1,517.51 1,065.89 451.62 212,725.68
119 12/1/27 1,517.51 1,063.63 453.88 212,271.80
120 1/1/28 1,517.51 1,061.36 456.15 211,815.65
121 2/1/28 1,517.51 1,059.08 458.43 211,357.22
122 3/1/28 1,517.51 1,056.79 460.72 210,896.50
123 4/1/28 1,517.51 1,054.48 463.03 210,433.47
124 5/1/28 1,517.51 1,052.17 465.34 209,968.13
125 6/1/28 1,517.51 1,049.84 467.67 209,500.46
126 7/1/28 1,517.51 1,047.50 470.01 209,030.45
127 8/1/28 1,517.51 1,045.15 472.36 208,558.09
128 9/1/28 1,517.51 1,042.79 474.72 208,083.37
129 10/1/28 1,517.51 1,040.42 477.09 207,606.28
130 11/1/28 1,517.51 1,038.03 479.48 207,126.80

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 Additional
No. Due Date Payment Interest Principal Balance
Payment
131 12/1/28 1,517.51 1,035.63 481.88 206,644.92
132 1/1/29 1,517.51 1,033.22 484.29 206,160.63
133 2/1/29 1,517.51 1,030.80 486.71 205,673.92
134 3/1/29 1,517.51 1,028.37 489.14 205,184.78
135 4/1/29 1,517.51 1,025.92 491.59 204,693.19
136 5/1/29 1,517.51 1,023.47 494.04 204,199.15
137 6/1/29 1,517.51 1,021.00 496.51 203,702.64
138 7/1/29 1,517.51 1,018.51 499.00 203,203.64
139 8/1/29 1,517.51 1,016.02 501.49 202,702.15
140 9/1/29 1,517.51 1,013.51 504.00 202,198.15
141 10/1/29 1,517.51 1,010.99 506.52 201,691.63
142 11/1/29 1,517.51 1,008.46 509.05 201,182.58
143 12/1/29 1,517.51 1,005.91 511.60 200,670.98
144 1/1/30 1,517.51 1,003.35 514.16 200,156.82
145 2/1/30 1,517.51 1,000.78 516.73 199,640.09
146 3/1/30 1,517.51 998.20 519.31 199,120.78
147 4/1/30 1,517.51 995.60 521.91 198,598.87
148 5/1/30 1,517.51 992.99 524.52 198,074.35
149 6/1/30 1,517.51 990.37 527.14 197,547.21
150 7/1/30 1,517.51 987.74 529.77 197,017.44
151 8/1/30 1,517.51 985.09 532.42 196,485.02
152 9/1/30 1,517.51 982.43 535.08 195,949.94
153 10/1/30 1,517.51 979.75 537.76 195,412.18
154 11/1/30 1,517.51 977.06 540.45 194,871.73
155 12/1/30 1,517.51 974.36 543.15 194,328.58
156 1/1/31 1,517.51 971.64 545.87 193,782.71
157 2/1/31 1,517.51 968.91 548.60 193,234.11
158 3/1/31 1,517.51 966.17 551.34 192,682.77
159 4/1/31 1,517.51 963.41 554.10 192,128.67
160 5/1/31 1,517.51 960.64 556.87 191,571.80
161 6/1/31 1,517.51 957.86 559.65 191,012.15
162 7/1/31 1,517.51 955.06 562.45 190,449.70
163 8/1/31 1,517.51 952.25 565.26 189,884.44
164 9/1/31 1,517.51 949.42 568.09 189,316.35
165 10/1/31 1,517.51 946.58 570.93 188,745.42
166 11/1/31 1,517.51 943.73 573.78 188,171.64
167 12/1/31 1,517.51 940.86 576.65 187,594.99
168 1/1/32 1,517.51 937.97 579.54 187,015.45
169 2/1/32 1,517.51 935.08 582.43 186,433.02
170 3/1/32 1,517.51 932.17 585.34 185,847.68
171 4/1/32 1,517.51 929.24 588.27 185,259.41
172 5/1/32 1,517.51 926.30 591.21 184,668.20
173 6/1/32 1,517.51 923.34 594.17 184,074.03
174 7/1/32 1,517.51 920.37 597.14 183,476.89
175 8/1/32 1,517.51 917.38 600.13 182,876.76
176 9/1/32 1,517.51 914.38 603.13 182,273.63
177 10/1/32 1,517.51 911.37 606.14 181,667.49
178 11/1/32 1,517.51 908.34 609.17 181,058.32
179 12/1/32 1,517.51 905.29 612.22 180,446.10
180 1/1/33 1,517.51 902.23 615.28 179,830.82
181 2/1/33 1,517.51 899.15 618.36 179,212.46
182 3/1/33 1,517.51 896.06 621.45 178,591.01
183 4/1/33 1,517.51 892.96 624.55 177,966.46
184 5/1/33 1,517.51 889.83 627.68 177,338.78
185 6/1/33 1,517.51 886.69 630.82 176,707.96
186 7/1/33 1,517.51 883.54 633.97 176,073.99
187 8/1/33 1,517.51 880.37 637.14 175,436.85
188 9/1/33 1,517.51 877.18 640.33 174,796.52
189 10/1/33 1,517.51 873.98 643.53 174,152.99
190 11/1/33 1,517.51 870.76 646.75 173,506.24
191 12/1/33 1,517.51 867.53 649.98 172,856.26
192 1/1/34 1,517.51 864.28 653.23 172,203.03
193 2/1/34 1,517.51 861.02 656.49 171,546.54
194 3/1/34 1,517.51 857.73 659.78 170,886.76
195 4/1/34 1,517.51 854.43 663.08 170,223.68
196 5/1/34 1,517.51 851.12 666.39 169,557.29
197 6/1/34 1,517.51 847.79 669.72 168,887.57
198 7/1/34 1,517.51 844.44 673.07 168,214.50
199 8/1/34 1,517.51 841.07 676.44 167,538.06
200 9/1/34 1,517.51 837.69 679.82 166,858.24
201 10/1/34 1,517.51 834.29 683.22 166,175.02
202 11/1/34 1,517.51 830.88 686.63 165,488.39
203 12/1/34 1,517.51 827.44 690.07 164,798.32
204 1/1/35 1,517.51 823.99 693.52 164,104.80
205 2/1/35 1,517.51 820.52 696.99 163,407.81
206 3/1/35 1,517.51 817.04 700.47 162,707.34
207 4/1/35 1,517.51 813.54 703.97 162,003.37
208 5/1/35 1,517.51 810.02 707.49 161,295.88
209 6/1/35 1,517.51 806.48 711.03 160,584.85
210 7/1/35 1,517.51 802.92 714.59 159,870.26

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 Additional
No. Due Date Payment Interest Principal Balance
Payment
211 8/1/35 1,517.51 799.35 718.16 159,152.10
212 9/1/35 1,517.51 795.76 721.75 158,430.35
213 10/1/35 1,517.51 792.15 725.36 157,704.99
214 11/1/35 1,517.51 788.52 728.99 156,976.00
215 12/1/35 1,517.51 784.88 732.63 156,243.37
216 1/1/36 1,517.51 781.22 736.29 155,507.08
217 2/1/36 1,517.51 777.54 739.97 154,767.11
218 3/1/36 1,517.51 773.84 743.67 154,023.44
219 4/1/36 1,517.51 770.12 747.39 153,276.05
220 5/1/36 1,517.51 766.38 751.13 152,524.92
221 6/1/36 1,517.51 762.62 754.89 151,770.03
222 7/1/36 1,517.51 758.85 758.66 151,011.37
223 8/1/36 1,517.51 755.06 762.45 150,248.92
224 9/1/36 1,517.51 751.24 766.27 149,482.65
225 10/1/36 1,517.51 747.41 770.10 148,712.55
226 11/1/36 1,517.51 743.56 773.95 147,938.60
227 12/1/36 1,517.51 739.69 777.82 147,160.78
228 1/1/37 1,517.51 735.80 781.71 146,379.07
229 2/1/37 1,517.51 731.90 785.61 145,593.46
230 3/1/37 1,517.51 727.97 789.54 144,803.92
231 4/1/37 1,517.51 724.02 793.49 144,010.43
232 5/1/37 1,517.51 720.05 797.46 143,212.97
233 6/1/37 1,517.51 716.06 801.45 142,411.52
234 7/1/37 1,517.51 712.06 805.45 141,606.07
235 8/1/37 1,517.51 708.03 809.48 140,796.59
236 9/1/37 1,517.51 703.98 813.53 139,983.06
237 10/1/37 1,517.51 699.92 817.59 139,165.47
238 11/1/37 1,517.51 695.83 821.68 138,343.79
239 12/1/37 1,517.51 691.72 825.79 137,518.00
240 1/1/38 1,517.51 687.59 829.92 136,688.08
241 2/1/38 1,517.51 683.44 834.07 135,854.01
242 3/1/38 1,517.51 679.27 838.24 135,015.77
243 4/1/38 1,517.51 675.08 842.43 134,173.34
244 5/1/38 1,517.51 670.87 846.64 133,326.70
245 6/1/38 1,517.51 666.63 850.88 132,475.82
246 7/1/38 1,517.51 662.38 855.13 131,620.69
247 8/1/38 1,517.51 658.10 859.41 130,761.28
248 9/1/38 1,517.51 653.81 863.70 129,897.58
249 10/1/38 1,517.51 649.49 868.02 129,029.56
250 11/1/38 1,517.51 645.15 872.36 128,157.20
251 12/1/38 1,517.51 640.79 876.72 127,280.48
252 1/1/39 1,517.51 636.40 881.11 126,399.37
253 2/1/39 1,517.51 632.00 885.51 125,513.86
254 3/1/39 1,517.51 627.57 889.94 124,623.92
255 4/1/39 1,517.51 623.12 894.39 123,729.53
256 5/1/39 1,517.51 618.65 898.86 122,830.67
257 6/1/39 1,517.51 614.15 903.36 121,927.31
258 7/1/39 1,517.51 609.64 907.87 121,019.44
259 8/1/39 1,517.51 605.10 912.41 120,107.03
260 9/1/39 1,517.51 600.54 916.97 119,190.06
261 10/1/39 1,517.51 595.95 921.56 118,268.50
262 11/1/39 1,517.51 591.34 926.17 117,342.33
263 12/1/39 1,517.51 586.71 930.80 116,411.53
264 1/1/40 1,517.51 582.06 935.45 115,476.08
265 2/1/40 1,517.51 577.38 940.13 114,535.95
266 3/1/40 1,517.51 572.68 944.83 113,591.12
267 4/1/40 1,517.51 567.96 949.55 112,641.57
268 5/1/40 1,517.51 563.21 954.30 111,687.27
269 6/1/40 1,517.51 558.44 959.07 110,728.20
270 7/1/40 1,517.51 553.64 963.87 109,764.33
271 8/1/40 1,517.51 548.82 968.69 108,795.64
272 9/1/40 1,517.51 543.98 973.53 107,822.11
273 10/1/40 1,517.51 539.11 978.40 106,843.71
274 11/1/40 1,517.51 534.22 983.29 105,860.42
275 12/1/40 1,517.51 529.30 988.21 104,872.21
276 1/1/41 1,517.51 524.36 993.15 103,879.06
277 2/1/41 1,517.51 519.40 998.11 102,880.95
278 3/1/41 1,517.51 514.40 1,003.11 101,877.84
279 4/1/41 1,517.51 509.39 1,008.12 100,869.72
280 5/1/41 1,517.51 504.35 1,013.16 99,856.56
281 6/1/41 1,517.51 499.28 1,018.23 98,838.33
282 7/1/41 1,517.51 494.19 1,023.32 97,815.01
283 8/1/41 1,517.51 489.08 1,028.43 96,786.58
284 9/1/41 1,517.51 483.93 1,033.58 95,753.00
285 10/1/41 1,517.51 478.76 1,038.75 94,714.25
286 11/1/41 1,517.51 473.57 1,043.94 93,670.31
287 12/1/41 1,517.51 468.35 1,049.16 92,621.15
288 1/1/42 1,517.51 463.11 1,054.40 91,566.75
289 2/1/42 1,517.51 457.83 1,059.68 90,507.07
290 3/1/42 1,517.51 452.54 1,064.97 89,442.10

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 Additional
No. Due Date Payment Interest Principal Balance
Payment
291 4/1/42 1,517.51 447.21 1,070.30 88,371.80
292 5/1/42 1,517.51 441.86 1,075.65 87,296.15
293 6/1/42 1,517.51 436.48 1,081.03 86,215.12
294 7/1/42 1,517.51 431.08 1,086.43 85,128.69
295 8/1/42 1,517.51 425.64 1,091.87 84,036.82
296 9/1/42 1,517.51 420.18 1,097.33 82,939.49
297 10/1/42 1,517.51 414.70 1,102.81 81,836.68
298 11/1/42 1,517.51 409.18 1,108.33 80,728.35
299 12/1/42 1,517.51 403.64 1,113.87 79,614.48
300 1/1/43 1,517.51 398.07 1,119.44 78,495.04
301 2/1/43 1,517.51 392.48 1,125.03 77,370.01
302 3/1/43 1,517.51 386.85 1,130.66 76,239.35
303 4/1/43 1,517.51 381.20 1,136.31 75,103.04
304 5/1/43 1,517.51 375.52 1,141.99 73,961.05
305 6/1/43 1,517.51 369.81 1,147.70 72,813.35
306 7/1/43 1,517.51 364.07 1,153.44 71,659.91
307 8/1/43 1,517.51 358.30 1,159.21 70,500.70
308 9/1/43 1,517.51 352.50 1,165.01 69,335.69
309 10/1/43 1,517.51 346.68 1,170.83 68,164.86
310 11/1/43 1,517.51 340.82 1,176.69 66,988.17
311 12/1/43 1,517.51 334.94 1,182.57 65,805.60
312 1/1/44 1,517.51 329.03 1,188.48 64,617.12
313 2/1/44 1,517.51 323.09 1,194.42 63,422.70
314 3/1/44 1,517.51 317.11 1,200.40 62,222.30
315 4/1/44 1,517.51 311.11 1,206.40 61,015.90
316 5/1/44 1,517.51 305.08 1,212.43 59,803.47
317 6/1/44 1,517.51 299.02 1,218.49 58,584.98
318 7/1/44 1,517.51 292.92 1,224.59 57,360.39
319 8/1/44 1,517.51 286.80 1,230.71 56,129.68
320 9/1/44 1,517.51 280.65 1,236.86 54,892.82
321 10/1/44 1,517.51 274.46 1,243.05 53,649.77
322 11/1/44 1,517.51 268.25 1,249.26 52,400.51
323 12/1/44 1,517.51 262.00 1,255.51 51,145.00
324 1/1/45 1,517.51 255.72 1,261.79 49,883.21
325 2/1/45 1,517.51 249.42 1,268.09 48,615.12
326 3/1/45 1,517.51 243.08 1,274.43 47,340.69
327 4/1/45 1,517.51 236.70 1,280.81 46,059.88
328 5/1/45 1,517.51 230.30 1,287.21 44,772.67
329 6/1/45 1,517.51 223.86 1,293.65 43,479.02
330 7/1/45 1,517.51 217.40 1,300.11 42,178.91
331 8/1/45 1,517.51 210.89 1,306.62 40,872.29
332 9/1/45 1,517.51 204.36 1,313.15 39,559.14
333 10/1/45 1,517.51 197.80 1,319.71 38,239.43
334 11/1/45 1,517.51 191.20 1,326.31 36,913.12
335 12/1/45 1,517.51 184.57 1,332.94 35,580.18
336 1/1/46 1,517.51 177.90 1,339.61 34,240.57
337 2/1/46 1,517.51 171.20 1,346.31 32,894.26
338 3/1/46 1,517.51 164.47 1,353.04 31,541.22
339 4/1/46 1,517.51 157.71 1,359.80 30,181.42
340 5/1/46 1,517.51 150.91 1,366.60 28,814.82
341 6/1/46 1,517.51 144.07 1,373.44 27,441.38
342 7/1/46 1,517.51 137.21 1,380.30 26,061.08
343 8/1/46 1,517.51 130.31 1,387.20 24,673.88
344 9/1/46 1,517.51 123.37 1,394.14 23,279.74
345 10/1/46 1,517.51 116.40 1,401.11 21,878.63
346 11/1/46 1,517.51 109.39 1,408.12 20,470.51
347 12/1/46 1,517.51 102.35 1,415.16 19,055.35
348 1/1/47 1,517.51 95.28 1,422.23 17,633.12
349 2/1/47 1,517.51 88.17 1,429.34 16,203.78
350 3/1/47 1,517.51 81.02 1,436.49 14,767.29
351 4/1/47 1,517.51 73.84 1,443.67 13,323.62
352 5/1/47 1,517.51 66.62 1,450.89 11,872.73
353 6/1/47 1,517.51 59.36 1,458.15 10,414.58
354 7/1/47 1,517.51 52.07 1,465.44 8,949.14
355 8/1/47 1,517.51 44.75 1,472.76 7,476.38
356 9/1/47 1,517.51 37.38 1,480.13 5,996.25
357 10/1/47 1,517.51 29.98 1,487.53 4,508.72
358 11/1/47 1,517.51 22.54 1,494.97 3,013.75
359 12/1/47 1,517.51 15.07 1,502.44 1,511.31
360 1/1/48 1,518.87 7.56 1,511.31 (0.00)

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HELP
https://www.vertex42.com/Calculators/interest-only-loan.html © 2009-2018 Vertex42 LLC

Using This Template

This spreadsheet creates an amortization schedule for a fixed-rate loan, with optional
extra payments and an optional interest-only period. The payment after the interest-only
period is calculated based on the remaining balance and term.

See the comments in some of the cells (marked as little red triangles) for more
information.

Compound Period: By default, the compound period is set equal to the payment
frequency, but this can be changed if the loan is a US or Canadian mortgage for
example. Be careful not to set the Compound Period shorter than the Payment
Frequency because that will result in negative amortization.

Payment Type: You can select whether payments are due at the End or Beginning of
the payment period. Unless you know you have a reason to change this, keep it set to
End of Period.

Rounding: Values are rounded to the nearest cent if the option is set to Yes. The
rounding option is for comparison with other calculators that do not round the payment or
interest. Keep it set to "Yes" unless you specifically want to turn off rounding. Either way,
the last payment is adjusted to bring the balance to zero.

Estimated Interest Savings: With an interest-only loan, you normally end up paying
more interest than with a traditional loan of the same rate and term. So, the "Est. Interest
Savings" value will normally be negative (in this calculator) unless you make extra
principal payments.

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

-2018 Vertex42 LLC
Interest-Only Loan Calculator

By Vertex42.com
https://www.vertex42.com/Calculators/interest-only-loan.html

© 2009-2023 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.