EXCEL-SKILLS.

COM

BOND CALCULATOR TEMPLATE

Bond calculators are sometimes also referred to as home loan calculators or mortgage calculators. The aim of this free
users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest savings
bond instalments and measure the sensitivity of bond repayments to changes in interest rates. After using this template
understanding of home loan amortization and specifically the timing of capital repayments on a bond.
View all our unique templates!
This free template forms part of our unique range of innovative Excel templates which features accounting in E
management accounts, cash flow projections, business valuations, fixed assets, costing & inventory, monthly payroll an

Get more templates!

enable editing to activate the link

culators. The aim of this free Excel template is to enable
calculate the interest savings that result from increased
tes. After using this template, you will also gain a better
on a bond.

ich features accounting in Excel, financial statements,

nventory, monthly payroll and a lot more.
Excel Skills | Bond Calculator Template
Instructions
www.excel-skills.com

Bond calculators are sometimes also referred to as home loan calculators or mortgage calculators. The aim of this free template is to
enable users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest savings that result
from increased bond instalments and measure the sensitivity of bond repayments to changes in interest rates. After using this template,
you will gain a better understanding of home loan amortization and the timing of capital repayments on a bond.

The following sheets are included in this template:

BondCalculator Sheet

All the calculations in this template are based on the values that are entered in the input cells from cell B4 to B9 on the BondCalculator
sheet (except for the net disposable income calculation). Input guidance is displayed below the selected input cell. We have also added
data validation to all input cells to ensure that only valid user input is accepted.

Calculation Results:

■ The monthly bond repayment amount is calculated from the bond principle amount (cell B4), bond period (cell B6) and the annual
interest rate (cell B5).
■ The total interest paid over the entire bond period is the total amount of interest paid over the bond period.
■ The total bond repayment over the bond period is the sum of all the monthly bond repayment amounts. This amount consists of all
interest charges and capital repayments.
■ The monthly net disposable Income is calculated on the NetDisposable sheet - refer to this sheet for more information on the
calculation method.

■ The maximum bond qualification amount is calculated based on the net disposable income, annual interest rate and bond period. It
represents an estimate of the maximum bond amount that applicants can qualify for based on their combined monthly net disposable
income. There are a number of other factors that financial institutions will consider when determining the maximum bond qualification
amount - our calculation should therefore only be seen as an estimate which cannot be guaranteed.

■ The minimum required net disposable income is the minimum net disposable income that is required in order to qualify for the bond
principle amount that is entered in cell B4.
■ The interest rate safety percentage indicates the percentage by which interest rates have to increase before the monthly net disposable
income would be insufficient to cover the monthly bond repayments.
■ The increased instalment calculations in row 21 to 26 are based on the additional monthly bond repayment entered in cell B7. The
assumption is made that the entire additional bond repayments are deducted from the outstanding capital balance, thereby resulting in a
shorter bond repayment period. Note that the present value of the interest saving is calculated by discounting the monthly interest
savings by the average annual inflation rate over the entire bond period. It therefore represents the value of future interest savings in
today's monetary terms.
■ The interest rate sensitivity calculation measures the effect that changes in the bond interest rate have on monthly bond repayments.
The interest rate sensitivity percentage entered in cell B8 is used for this purpose.
■ The capital repayment chart is a visual display of the timing of capital repayments over the bond period.
■ The increased instalment interest saving chart is a visual display of the interest savings that result from effecting increased monthly
bond repayments.

NetDisposable Sheet

This sheet includes a detailed calculation of the monthly net disposable income. All values should be entered as positive values. Refer
to the guidance included from row 38 downwards for more information on the input that is required in each input cell.

AnnualAmort Sheet

Page 3 of 14
Excel Skills | Bond Calculator Template
Instructions
www.excel-skills.com

This sheet includes an annual amortization table based on the bond input values entered in cell B4 to B6 on the BondCalculator sheet.
We recommend that you pay special attention to the outstanding capital percentage in column G as it indicates how the capital will be
repaid over the entire bond period. Notice that during the first few years of the bond repayment period, the monthly bond repayments
consist almost entirely of interest.

MonthAmort Sheet

This sheet includes a monthly amortization table that is based on the bond input values that are entered in cell B4 to B6 on the
BondCalculator sheet.

Page 4 of 14
Bond Calculator
© www.excel-skills.com Capital Repayment
3,000,000
Input Variables
Capital Repayment
Bond Amount 2,500,000.00 2,500,000
Annual Interest Rate 11.75%
Bond Period in Years 20 2,000,000
Additional Monthly Bond Repayment 2,000.00
Annual Interest Rate Sensitivity 12.75% 1,500,000

Average Annual Inflation Rate 6.0%

1,000,000

Calculation Results
500,000
Monthly Bond Repayment 27,092.68
Total Interest over Bond Period 4,002,242.38 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Total Bond Repayment over Bond Period 6,502,242.38 Years

Net Disposable Income 30,000

Maximum Bond Qualification Amount 2,768,275.77 Increased Instalment - Interest Saving
4,500,000
Minimum Required Net Disposable Income 27,093 Amortization Increased Instalment
Interest Rate Safety 1.65% 4,000,000

3,500,000
Increased Instalment Repayment Amount 29,092.68
3,000,000
Total Adjusted Interest over Bond Period 2,998,142.02
2,500,000
Adjusted Bond Repayment Period (in months) 188.99
Adjusted Bond Repayment Period (in years) 15.75 2,000,000

Interest Saving 1,004,100.35 1,500,000

Present Value of Interest Saving 470,213.09
1,000,000

500,000
Monthly Bond Repayment @ 11.75% 27,092.68
Monthly Bond Repayment @ 12.75% 28,845.29 0
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Monthly Difference 1,752.61 Years

Page 5 of 14
 Net Disposable Income Calculation © www.excel-skills.com
Remuneration Operational Expenses Financing Expenses
Gross Salary 30,000 1 Rent Paid - 18 Bond Repayments - 42
Subsidies Received - 2 Water, Electricity & Services - 19 Personal Loan Instalments - 43
Commission Received - 3 Rates & Taxes - 20 Financing - Motor Vehicles - 44
Total Allowances - 4 Repairs & Maintenance - 21 Financing - Computers - 45
Other - 5 Levies Paid - 22 Financing - Furniture - 46
Total Gross Remuneration 30,000 Telephone / Cell Phone / Internet - 23 Credit Card Repayments - 47
Deductions Insurance - Short Term - 24 Bank Charges - 48
Pension - 6 Insurance - Life - 25 Other - 49
Medical Aid - 7 Medical Costs - 26 Total Financing Expenses -
Retirement Annuity - 8 Investments - Retirement Annuities - 27
Income Tax (PAYE) - 9 Investments - Other - 28
On this sheet:
Unemployment Fund (UIF) - 10 Donations - 29
Simply enter the appropriate values in the yellow input cells in order to
Skills Development Levy (SDL) - 11 Education - 30
calculate your monthly net disposable income. All input values need to be
Other Deductions - 12 Fuel & Vehicle Maintenance - 31
entered as positive values and guidance on the user input required in all
Total Deductions - Television Rental - 32
the input cells can be found from row 38 downwards.
Net Remuneration 30,000 13 Memberships - 33
Subscriptions - 34
Other Income Domestic Wages - 35
Dividend Income - 14 Gardening - 36
Rental Income - 15 Groceries - 37
Maintenance - 16 Clothing - 38
Monthly Pension - 17 Entertainment - 39
Total Other Income - Maintenance Payments - 40
Other - 41
Total Operational Expenses -

Net Disposable Income Calculation

Net Remuneration 30,000
Add: Other Income -
Less: Operational Expenses -
Less: Financing Expenses -
Net Disposable Income 30,000

Input Field Guidance

1 Enter the combined monthly gross household salaries
2 Enter total of all subsidies received as part of remuneration, e.g.. housing subsidy
3 Enter the average monthly commission received
4 Enter the total monthly allowances received as part of remuneration, e.g.. travel allowance, cell phone allowance, etc.
5 Enter the total of any other remuneration received
6 Enter the total monthly pension fund deductions
7 Enter the total monthly medical aid deductions
8 Enter the total monthly retirement annuity contributions

Page 6 of 14
 Net Disposable Income Calculation © www.excel-skills.com
9 Enter the total monthly income tax deducted
10 Enter the total UIF deducted
11 Enter the total SDL deducted
12 Enter the total of all other deductions, e.g.. funeral plan
13 This amount represents the monthly combined net remuneration
14 Enter the average monthly dividend income
15 Enter the monthly average rental income received from existing buy to let properties
16 Enter monthly maintenance amount received from a previous spouse
17 Enter the total monthly pension received
18 Enter the total monthly rent paid. If a primary residence is being acquired and a property is currently being rented, the rent amount should be excluded from the calculation
19 Enter the monthly average for water, electricity and services paid to local government
20 Enter the monthly rates and taxes paid on properties owned
21 Enter the average monthly repairs and maintenance on existing properties
22 Enter the monthly levy payable to a body corporate for properties that form part of a complex
23 Enter the average monthly telephone, cell phone and internet expense
24 Enter the current monthly insurance premium
25 Enter the current monthly life insurance premium
26 Enter the average monthly medical costs that are not covered by a medical aid
27 Enter the total monthly premiums associated with retirement annuities
28 Enter the average monthly payments relating to other investments
29 Enter the average monthly donations amount
30 Enter the average monthly education cost, e.g.. school fees
31 Enter the average monthly vehicle fuel and maintenance costs
32 Enter the monthly subscription fee applicable to television / cable rentals
33 Enter the monthly average membership cost, e.g.. gym membership
34 Enter the total monthly subscription fees applicable to newspapers, magazines, etc.
35 Enter the total monthly domestic wages, e.g.. housekeeper wages, gardener wages, etc.
36 Enter the average monthly cost associated with gardening services / landscaping
37 Enter the average monthly grocery spend
38 Enter the average monthly clothing spend
39 Enter the average monthly cost associated with entertainment, take-outs and restaurants
40 Enter a monthly total for maintenance payments relating to estranged spouses and dependents
41 Enter total monthly cost of any other expense items that do not form part of any of the other categories
42 Enter a monthly total for existing bond repayments
43 Enter a monthly total for personal loan repayments
44 Enter a monthly total for motor finance repayments
45 Enter a monthly total for computer finance repayments
46 Enter a monthly total for furniture finance repayments
47 Enter a monthly total for credit card repayments
48 Enter the average monthly combined bank charges
49 Enter a total for any other financing payments that do not form part of the other financing cost categories

Note: If you're experiencing any difficulty in completing this spreadsheet, we recommend using our Personal Finance template to analyze your monthly household expenses.

Page 7 of 14
Annual Amortization Table
© www.excel-skills.com
Capital % Capital
Years Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
1 2,500,000.00 325,112.12 292,004.66 33,107.46 2,466,892.54 98.7%
2 2,466,892.54 325,112.12 287,898.04 37,214.08 2,429,678.46 97.2%
3 2,429,678.46 325,112.12 283,282.04 41,830.07 2,387,848.39 95.5%
4 2,387,848.39 325,112.12 278,093.48 47,018.64 2,340,829.75 93.6%
5 2,340,829.75 325,112.12 272,261.34 52,850.78 2,287,978.97 91.5%
6 2,287,978.97 325,112.12 265,705.78 59,406.34 2,228,572.63 89.1%
7 2,228,572.63 325,112.12 258,337.07 66,775.04 2,161,797.59 86.5%
8 2,161,797.59 325,112.12 250,054.36 75,057.76 2,086,739.83 83.5%
9 2,086,739.83 325,112.12 240,744.27 84,367.85 2,002,371.98 80.1%
10 2,002,371.98 325,112.12 230,279.37 94,832.75 1,907,539.23 76.3%
11 1,907,539.23 325,112.12 218,516.41 106,595.71 1,800,943.52 72.0%
12 1,800,943.52 325,112.12 205,294.38 119,817.74 1,681,125.78 67.2%
13 1,681,125.78 325,112.12 190,432.30 134,679.82 1,546,445.96 61.9%
14 1,546,445.96 325,112.12 173,726.75 151,385.37 1,395,060.59 55.8%
15 1,395,060.59 325,112.12 154,949.06 170,163.06 1,224,897.53 49.0%
16 1,224,897.53 325,112.12 133,842.20 191,269.92 1,033,627.60 41.3%
17 1,033,627.60 325,112.12 110,117.26 214,994.86 818,632.75 32.7%
18 818,632.75 325,112.12 83,449.51 241,662.61 576,970.14 23.1%
19 576,970.14 325,112.12 53,473.92 271,638.20 305,331.94 12.2%
20 305,331.94 325,112.12 19,780.18 305,331.94 - 0.0%
21 - - - - - 0.0%
22 - - - - - 0.0%
23 - - - - - 0.0%
24 - - - - - 0.0%
25 - - - - - 0.0%
26 - - - - - 0.0%
27 - - - - - 0.0%
28 - - - - - 0.0%
29 - - - - - 0.0%
30 - - - - - 0.0%

Page 8 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
1 2,500,000.00 27,092.68 24,479.17 2,613.51 2,497,386.49 99.90%
2 2,497,386.49 27,092.68 24,453.58 2,639.10 2,494,747.39 99.79%
3 2,494,747.39 27,092.68 24,427.73 2,664.94 2,492,082.45 99.68%
4 2,492,082.45 27,092.68 24,401.64 2,691.04 2,489,391.41 99.58%
5 2,489,391.41 27,092.68 24,375.29 2,717.39 2,486,674.03 99.47%
6 2,486,674.03 27,092.68 24,348.68 2,743.99 2,483,930.03 99.36%
7 2,483,930.03 27,092.68 24,321.81 2,770.86 2,481,159.17 99.25%
8 2,481,159.17 27,092.68 24,294.68 2,797.99 2,478,361.18 99.13%
9 2,478,361.18 27,092.68 24,267.29 2,825.39 2,475,535.79 99.02%
10 2,475,535.79 27,092.68 24,239.62 2,853.06 2,472,682.73 98.91%
11 2,472,682.73 27,092.68 24,211.69 2,880.99 2,469,801.74 98.79%
12 2,469,801.74 27,092.68 24,183.48 2,909.20 2,466,892.54 98.68%
13 2,466,892.54 27,092.68 24,154.99 2,937.69 2,463,954.85 98.56%
14 2,463,954.85 27,092.68 24,126.22 2,966.45 2,460,988.40 98.44%
15 2,460,988.40 27,092.68 24,097.18 2,995.50 2,457,992.90 98.32%
16 2,457,992.90 27,092.68 24,067.85 3,024.83 2,454,968.07 98.20%
17 2,454,968.07 27,092.68 24,038.23 3,054.45 2,451,913.63 98.08%
18 2,451,913.63 27,092.68 24,008.32 3,084.36 2,448,829.27 97.95%
19 2,448,829.27 27,092.68 23,978.12 3,114.56 2,445,714.71 97.83%
20 2,445,714.71 27,092.68 23,947.62 3,145.05 2,442,569.66 97.70%
21 2,442,569.66 27,092.68 23,916.83 3,175.85 2,439,393.81 97.58%
22 2,439,393.81 27,092.68 23,885.73 3,206.95 2,436,186.87 97.45%
23 2,436,186.87 27,092.68 23,854.33 3,238.35 2,432,948.52 97.32%
24 2,432,948.52 27,092.68 23,822.62 3,270.06 2,429,678.46 97.19%
25 2,429,678.46 27,092.68 23,790.60 3,302.07 2,426,376.39 97.06%
26 2,426,376.39 27,092.68 23,758.27 3,334.41 2,423,041.98 96.92%
27 2,423,041.98 27,092.68 23,725.62 3,367.06 2,419,674.92 96.79%
28 2,419,674.92 27,092.68 23,692.65 3,400.03 2,416,274.90 96.65%
29 2,416,274.90 27,092.68 23,659.36 3,433.32 2,412,841.58 96.51%
30 2,412,841.58 27,092.68 23,625.74 3,466.94 2,409,374.64 96.37%
31 2,409,374.64 27,092.68 23,591.79 3,500.88 2,405,873.76 96.23%
32 2,405,873.76 27,092.68 23,557.51 3,535.16 2,402,338.60 96.09%
33 2,402,338.60 27,092.68 23,522.90 3,569.78 2,398,768.82 95.95%
34 2,398,768.82 27,092.68 23,487.94 3,604.73 2,395,164.09 95.81%
35 2,395,164.09 27,092.68 23,452.65 3,640.03 2,391,524.06 95.66%
36 2,391,524.06 27,092.68 23,417.01 3,675.67 2,387,848.39 95.51%
37 2,387,848.39 27,092.68 23,381.02 3,711.66 2,384,136.73 95.37%
38 2,384,136.73 27,092.68 23,344.67 3,748.00 2,380,388.72 95.22%
39 2,380,388.72 27,092.68 23,307.97 3,784.70 2,376,604.02 95.06%
40 2,376,604.02 27,092.68 23,270.91 3,821.76 2,372,782.26 94.91%
41 2,372,782.26 27,092.68 23,233.49 3,859.18 2,368,923.07 94.76%
42 2,368,923.07 27,092.68 23,195.71 3,896.97 2,365,026.10 94.60%
43 2,365,026.10 27,092.68 23,157.55 3,935.13 2,361,090.97 94.44%
44 2,361,090.97 27,092.68 23,119.02 3,973.66 2,357,117.31 94.28%
45 2,357,117.31 27,092.68 23,080.11 4,012.57 2,353,104.74 94.12%
46 2,353,104.74 27,092.68 23,040.82 4,051.86 2,349,052.88 93.96%
47 2,349,052.88 27,092.68 23,001.14 4,091.53 2,344,961.35 93.80%
48 2,344,961.35 27,092.68 22,961.08 4,131.60 2,340,829.75 93.63%
49 2,340,829.75 27,092.68 22,920.62 4,172.05 2,336,657.70 93.47%
50 2,336,657.70 27,092.68 22,879.77 4,212.90 2,332,444.80 93.30%
51 2,332,444.80 27,092.68 22,838.52 4,254.15 2,328,190.64 93.13%
52 2,328,190.64 27,092.68 22,796.87 4,295.81 2,323,894.83 92.96%
53 2,323,894.83 27,092.68 22,754.80 4,337.87 2,319,556.96 92.78%
54 2,319,556.96 27,092.68 22,712.33 4,380.35 2,315,176.61 92.61%
55 2,315,176.61 27,092.68 22,669.44 4,423.24 2,310,753.37 92.43%
56 2,310,753.37 27,092.68 22,626.13 4,466.55 2,306,286.82 92.25%
57 2,306,286.82 27,092.68 22,582.39 4,510.28 2,301,776.54 92.07%
58 2,301,776.54 27,092.68 22,538.23 4,554.45 2,297,222.09 91.89%
59 2,297,222.09 27,092.68 22,493.63 4,599.04 2,292,623.05 91.70%
60 2,292,623.05 27,092.68 22,448.60 4,644.08 2,287,978.97 91.52%
61 2,287,978.97 27,092.68 22,403.13 4,689.55 2,283,289.42 91.33%

Page 9 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
62 2,283,289.42 27,092.68 22,357.21 4,735.47 2,278,553.96 91.14%
63 2,278,553.96 27,092.68 22,310.84 4,781.84 2,273,772.12 90.95%
64 2,273,772.12 27,092.68 22,264.02 4,828.66 2,268,943.46 90.76%
65 2,268,943.46 27,092.68 22,216.74 4,875.94 2,264,067.52 90.56%
66 2,264,067.52 27,092.68 22,168.99 4,923.68 2,259,143.84 90.37%
67 2,259,143.84 27,092.68 22,120.78 4,971.89 2,254,171.95 90.17%
68 2,254,171.95 27,092.68 22,072.10 5,020.58 2,249,151.37 89.97%
69 2,249,151.37 27,092.68 22,022.94 5,069.74 2,244,081.64 89.76%
70 2,244,081.64 27,092.68 21,973.30 5,119.38 2,238,962.26 89.56%
71 2,238,962.26 27,092.68 21,923.17 5,169.50 2,233,792.75 89.35%
72 2,233,792.75 27,092.68 21,872.55 5,220.12 2,228,572.63 89.14%
73 2,228,572.63 27,092.68 21,821.44 5,271.24 2,223,301.40 88.93%
74 2,223,301.40 27,092.68 21,769.83 5,322.85 2,217,978.55 88.72%
75 2,217,978.55 27,092.68 21,717.71 5,374.97 2,212,603.58 88.50%
76 2,212,603.58 27,092.68 21,665.08 5,427.60 2,207,175.98 88.29%
77 2,207,175.98 27,092.68 21,611.93 5,480.75 2,201,695.23 88.07%
78 2,201,695.23 27,092.68 21,558.27 5,534.41 2,196,160.82 87.85%
79 2,196,160.82 27,092.68 21,504.07 5,588.60 2,190,572.22 87.62%
80 2,190,572.22 27,092.68 21,449.35 5,643.32 2,184,928.89 87.40%
81 2,184,928.89 27,092.68 21,394.10 5,698.58 2,179,230.31 87.17%
82 2,179,230.31 27,092.68 21,338.30 5,754.38 2,173,475.93 86.94%
83 2,173,475.93 27,092.68 21,281.95 5,810.72 2,167,665.21 86.71%
84 2,167,665.21 27,092.68 21,225.06 5,867.62 2,161,797.59 86.47%
85 2,161,797.59 27,092.68 21,167.60 5,925.08 2,155,872.51 86.23%
86 2,155,872.51 27,092.68 21,109.59 5,983.09 2,149,889.42 86.00%
87 2,149,889.42 27,092.68 21,051.00 6,041.68 2,143,847.74 85.75%
88 2,143,847.74 27,092.68 20,991.84 6,100.83 2,137,746.91 85.51%
89 2,137,746.91 27,092.68 20,932.11 6,160.57 2,131,586.34 85.26%
90 2,131,586.34 27,092.68 20,871.78 6,220.89 2,125,365.44 85.01%
91 2,125,365.44 27,092.68 20,810.87 6,281.81 2,119,083.64 84.76%
92 2,119,083.64 27,092.68 20,749.36 6,343.32 2,112,740.32 84.51%
93 2,112,740.32 27,092.68 20,687.25 6,405.43 2,106,334.89 84.25%
94 2,106,334.89 27,092.68 20,624.53 6,468.15 2,099,866.75 83.99%
95 2,099,866.75 27,092.68 20,561.20 6,531.48 2,093,335.27 83.73%
96 2,093,335.27 27,092.68 20,497.24 6,595.44 2,086,739.83 83.47%
97 2,086,739.83 27,092.68 20,432.66 6,660.02 2,080,079.81 83.20%
98 2,080,079.81 27,092.68 20,367.45 6,725.23 2,073,354.59 82.93%
99 2,073,354.59 27,092.68 20,301.60 6,791.08 2,066,563.51 82.66%
100 2,066,563.51 27,092.68 20,235.10 6,857.58 2,059,705.93 82.39%
101 2,059,705.93 27,092.68 20,167.95 6,924.72 2,052,781.21 82.11%
102 2,052,781.21 27,092.68 20,100.15 6,992.53 2,045,788.68 81.83%
103 2,045,788.68 27,092.68 20,031.68 7,061.00 2,038,727.69 81.55%
104 2,038,727.69 27,092.68 19,962.54 7,130.13 2,031,597.55 81.26%
105 2,031,597.55 27,092.68 19,892.73 7,199.95 2,024,397.60 80.98%
106 2,024,397.60 27,092.68 19,822.23 7,270.45 2,017,127.15 80.69%
107 2,017,127.15 27,092.68 19,751.04 7,341.64 2,009,785.51 80.39%
108 2,009,785.51 27,092.68 19,679.15 7,413.53 2,002,371.98 80.09%
109 2,002,371.98 27,092.68 19,606.56 7,486.12 1,994,885.87 79.80%
110 1,994,885.87 27,092.68 19,533.26 7,559.42 1,987,326.45 79.49%
111 1,987,326.45 27,092.68 19,459.24 7,633.44 1,979,693.01 79.19%
112 1,979,693.01 27,092.68 19,384.49 7,708.18 1,971,984.83 78.88%
113 1,971,984.83 27,092.68 19,309.02 7,783.66 1,964,201.17 78.57%
114 1,964,201.17 27,092.68 19,232.80 7,859.87 1,956,341.29 78.25%
115 1,956,341.29 27,092.68 19,155.84 7,936.83 1,948,404.46 77.94%
116 1,948,404.46 27,092.68 19,078.13 8,014.55 1,940,389.91 77.62%
117 1,940,389.91 27,092.68 18,999.65 8,093.03 1,932,296.88 77.29%
118 1,932,296.88 27,092.68 18,920.41 8,172.27 1,924,124.62 76.96%
119 1,924,124.62 27,092.68 18,840.39 8,252.29 1,915,872.33 76.63%
120 1,915,872.33 27,092.68 18,759.58 8,333.09 1,907,539.23 76.30%
121 1,907,539.23 27,092.68 18,677.99 8,414.69 1,899,124.54 75.96%
122 1,899,124.54 27,092.68 18,595.59 8,497.08 1,890,627.46 75.63%

Page 10 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
123 1,890,627.46 27,092.68 18,512.39 8,580.28 1,882,047.18 75.28%
124 1,882,047.18 27,092.68 18,428.38 8,664.30 1,873,382.88 74.94%
125 1,873,382.88 27,092.68 18,343.54 8,749.14 1,864,633.75 74.59%
126 1,864,633.75 27,092.68 18,257.87 8,834.80 1,855,798.94 74.23%
127 1,855,798.94 27,092.68 18,171.36 8,921.31 1,846,877.63 73.88%
128 1,846,877.63 27,092.68 18,084.01 9,008.67 1,837,868.96 73.51%
129 1,837,868.96 27,092.68 17,995.80 9,096.88 1,828,772.09 73.15%
130 1,828,772.09 27,092.68 17,906.73 9,185.95 1,819,586.14 72.78%
131 1,819,586.14 27,092.68 17,816.78 9,275.90 1,810,310.24 72.41%
132 1,810,310.24 27,092.68 17,725.95 9,366.72 1,800,943.52 72.04%
133 1,800,943.52 27,092.68 17,634.24 9,458.44 1,791,485.08 71.66%
134 1,791,485.08 27,092.68 17,541.62 9,551.05 1,781,934.03 71.28%
135 1,781,934.03 27,092.68 17,448.10 9,644.57 1,772,289.46 70.89%
136 1,772,289.46 27,092.68 17,353.67 9,739.01 1,762,550.45 70.50%
137 1,762,550.45 27,092.68 17,258.31 9,834.37 1,752,716.08 70.11%
138 1,752,716.08 27,092.68 17,162.01 9,930.66 1,742,785.41 69.71%
139 1,742,785.41 27,092.68 17,064.77 10,027.90 1,732,757.51 69.31%
140 1,732,757.51 27,092.68 16,966.58 10,126.09 1,722,631.42 68.91%
141 1,722,631.42 27,092.68 16,867.43 10,225.24 1,712,406.17 68.50%
142 1,712,406.17 27,092.68 16,767.31 10,325.37 1,702,080.81 68.08%
143 1,702,080.81 27,092.68 16,666.21 10,426.47 1,691,654.34 67.67%
144 1,691,654.34 27,092.68 16,564.12 10,528.56 1,681,125.78 67.25%
145 1,681,125.78 27,092.68 16,461.02 10,631.65 1,670,494.12 66.82%
146 1,670,494.12 27,092.68 16,356.92 10,735.75 1,659,758.37 66.39%
147 1,659,758.37 27,092.68 16,251.80 10,840.88 1,648,917.49 65.96%
148 1,648,917.49 27,092.68 16,145.65 10,947.03 1,637,970.47 65.52%
149 1,637,970.47 27,092.68 16,038.46 11,054.22 1,626,916.25 65.08%
150 1,626,916.25 27,092.68 15,930.22 11,162.45 1,615,753.80 64.63%
151 1,615,753.80 27,092.68 15,820.92 11,271.75 1,604,482.04 64.18%
152 1,604,482.04 27,092.68 15,710.55 11,382.12 1,593,099.92 63.72%
153 1,593,099.92 27,092.68 15,599.10 11,493.57 1,581,606.35 63.26%
154 1,581,606.35 27,092.68 15,486.56 11,606.11 1,570,000.23 62.80%
155 1,570,000.23 27,092.68 15,372.92 11,719.76 1,558,280.47 62.33%
156 1,558,280.47 27,092.68 15,258.16 11,834.51 1,546,445.96 61.86%
157 1,546,445.96 27,092.68 15,142.28 11,950.39 1,534,495.57 61.38%
158 1,534,495.57 27,092.68 15,025.27 12,067.41 1,522,428.16 60.90%
159 1,522,428.16 27,092.68 14,907.11 12,185.57 1,510,242.59 60.41%
160 1,510,242.59 27,092.68 14,787.79 12,304.88 1,497,937.71 59.92%
161 1,497,937.71 27,092.68 14,667.31 12,425.37 1,485,512.34 59.42%
162 1,485,512.34 27,092.68 14,545.64 12,547.03 1,472,965.30 58.92%
163 1,472,965.30 27,092.68 14,422.79 12,669.89 1,460,295.41 58.41%
164 1,460,295.41 27,092.68 14,298.73 12,793.95 1,447,501.46 57.90%
165 1,447,501.46 27,092.68 14,173.45 12,919.22 1,434,582.24 57.38%
166 1,434,582.24 27,092.68 14,046.95 13,045.73 1,421,536.51 56.86%
167 1,421,536.51 27,092.68 13,919.21 13,173.46 1,408,363.05 56.33%
168 1,408,363.05 27,092.68 13,790.22 13,302.46 1,395,060.59 55.80%
169 1,395,060.59 27,092.68 13,659.97 13,432.71 1,381,627.88 55.27%
170 1,381,627.88 27,092.68 13,528.44 13,564.24 1,368,063.65 54.72%
171 1,368,063.65 27,092.68 13,395.62 13,697.05 1,354,366.59 54.17%
172 1,354,366.59 27,092.68 13,261.51 13,831.17 1,340,535.42 53.62%
173 1,340,535.42 27,092.68 13,126.08 13,966.60 1,326,568.82 53.06%
174 1,326,568.82 27,092.68 12,989.32 14,103.36 1,312,465.46 52.50%
175 1,312,465.46 27,092.68 12,851.22 14,241.45 1,298,224.01 51.93%
176 1,298,224.01 27,092.68 12,711.78 14,380.90 1,283,843.11 51.35%
177 1,283,843.11 27,092.68 12,570.96 14,521.71 1,269,321.40 50.77%
178 1,269,321.40 27,092.68 12,428.77 14,663.90 1,254,657.49 50.19%
179 1,254,657.49 27,092.68 12,285.19 14,807.49 1,239,850.01 49.59%
180 1,239,850.01 27,092.68 12,140.20 14,952.48 1,224,897.53 49.00%
181 1,224,897.53 27,092.68 11,993.79 15,098.89 1,209,798.64 48.39%
182 1,209,798.64 27,092.68 11,845.95 15,246.73 1,194,551.91 47.78%
183 1,194,551.91 27,092.68 11,696.65 15,396.02 1,179,155.89 47.17%

Page 11 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
184 1,179,155.89 27,092.68 11,545.90 15,546.78 1,163,609.11 46.54%
185 1,163,609.11 27,092.68 11,393.67 15,699.00 1,147,910.11 45.92%
186 1,147,910.11 27,092.68 11,239.95 15,852.72 1,132,057.38 45.28%
187 1,132,057.38 27,092.68 11,084.73 16,007.95 1,116,049.43 44.64%
188 1,116,049.43 27,092.68 10,927.98 16,164.69 1,099,884.74 44.00%
189 1,099,884.74 27,092.68 10,769.70 16,322.97 1,083,561.77 43.34%
190 1,083,561.77 27,092.68 10,609.88 16,482.80 1,067,078.97 42.68%
191 1,067,078.97 27,092.68 10,448.48 16,644.19 1,050,434.77 42.02%
192 1,050,434.77 27,092.68 10,285.51 16,807.17 1,033,627.60 41.35%
193 1,033,627.60 27,092.68 10,120.94 16,971.74 1,016,655.87 40.67%
194 1,016,655.87 27,092.68 9,954.76 17,137.92 999,517.94 39.98%
195 999,517.94 27,092.68 9,786.95 17,305.73 982,212.21 39.29%
196 982,212.21 27,092.68 9,617.49 17,475.18 964,737.03 38.59%
197 964,737.03 27,092.68 9,446.38 17,646.29 947,090.74 37.88%
198 947,090.74 27,092.68 9,273.60 17,819.08 929,271.66 37.17%
199 929,271.66 27,092.68 9,099.12 17,993.56 911,278.10 36.45%
200 911,278.10 27,092.68 8,922.93 18,169.75 893,108.36 35.72%
201 893,108.36 27,092.68 8,745.02 18,347.66 874,760.70 34.99%
202 874,760.70 27,092.68 8,565.37 18,527.31 856,233.39 34.25%
203 856,233.39 27,092.68 8,383.95 18,708.72 837,524.66 33.50%
204 837,524.66 27,092.68 8,200.76 18,891.91 818,632.75 32.75%
205 818,632.75 27,092.68 8,015.78 19,076.90 799,555.85 31.98%
206 799,555.85 27,092.68 7,828.98 19,263.69 780,292.16 31.21%
207 780,292.16 27,092.68 7,640.36 19,452.32 760,839.84 30.43%
208 760,839.84 27,092.68 7,449.89 19,642.79 741,197.06 29.65%
209 741,197.06 27,092.68 7,257.55 19,835.12 721,361.93 28.85%
210 721,361.93 27,092.68 7,063.34 20,029.34 701,332.59 28.05%
211 701,332.59 27,092.68 6,867.21 20,225.46 681,107.13 27.24%
212 681,107.13 27,092.68 6,669.17 20,423.50 660,683.63 26.43%
213 660,683.63 27,092.68 6,469.19 20,623.48 640,060.15 25.60%
214 640,060.15 27,092.68 6,267.26 20,825.42 619,234.73 24.77%
215 619,234.73 27,092.68 6,063.34 21,029.34 598,205.39 23.93%
216 598,205.39 27,092.68 5,857.43 21,235.25 576,970.14 23.08%
217 576,970.14 27,092.68 5,649.50 21,443.18 555,526.96 22.22%
218 555,526.96 27,092.68 5,439.53 21,653.14 533,873.82 21.35%
219 533,873.82 27,092.68 5,227.51 21,865.16 512,008.66 20.48%
220 512,008.66 27,092.68 5,013.42 22,079.26 489,929.40 19.60%
221 489,929.40 27,092.68 4,797.23 22,295.45 467,633.95 18.71%
222 467,633.95 27,092.68 4,578.92 22,513.76 445,120.19 17.80%
223 445,120.19 27,092.68 4,358.47 22,734.21 422,385.98 16.90%
224 422,385.98 27,092.68 4,135.86 22,956.81 399,429.17 15.98%
225 399,429.17 27,092.68 3,911.08 23,181.60 376,247.57 15.05%
226 376,247.57 27,092.68 3,684.09 23,408.59 352,838.98 14.11%
227 352,838.98 27,092.68 3,454.88 23,637.79 329,201.19 13.17%
228 329,201.19 27,092.68 3,223.43 23,869.25 305,331.94 12.21%
229 305,331.94 27,092.68 2,989.71 24,102.97 281,228.97 11.25%
230 281,228.97 27,092.68 2,753.70 24,338.98 256,889.99 10.28%
231 256,889.99 27,092.68 2,515.38 24,577.30 232,312.70 9.29%
232 232,312.70 27,092.68 2,274.73 24,817.95 207,494.75 8.30%
233 207,494.75 27,092.68 2,031.72 25,060.96 182,433.79 7.30%
234 182,433.79 27,092.68 1,786.33 25,306.35 157,127.45 6.29%
235 157,127.45 27,092.68 1,538.54 25,554.14 131,573.31 5.26%
236 131,573.31 27,092.68 1,288.32 25,804.35 105,768.96 4.23%
237 105,768.96 27,092.68 1,035.65 26,057.02 79,711.93 3.19%
238 79,711.93 27,092.68 780.51 26,312.16 53,399.77 2.14%
239 53,399.77 27,092.68 522.87 26,569.80 26,829.97 1.07%
240 26,829.97 27,092.68 262.71 26,829.97 - 0.00%
241 - - - - - 0.00%
242 - - - - - 0.00%
243 - - - - - 0.00%
244 - - - - - 0.00%

Page 12 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
245 - - - - - 0.00%
246 - - - - - 0.00%
247 - - - - - 0.00%
248 - - - - - 0.00%
249 - - - - - 0.00%
250 - - - - - 0.00%
251 - - - - - 0.00%
252 - - - - - 0.00%
253 - - - - - 0.00%
254 - - - - - 0.00%
255 - - - - - 0.00%
256 - - - - - 0.00%
257 - - - - - 0.00%
258 - - - - - 0.00%
259 - - - - - 0.00%
260 - - - - - 0.00%
261 - - - - - 0.00%
262 - - - - - 0.00%
263 - - - - - 0.00%
264 - - - - - 0.00%
265 - - - - - 0.00%
266 - - - - - 0.00%
267 - - - - - 0.00%
268 - - - - - 0.00%
269 - - - - - 0.00%
270 - - - - - 0.00%
271 - - - - - 0.00%
272 - - - - - 0.00%
273 - - - - - 0.00%
274 - - - - - 0.00%
275 - - - - - 0.00%
276 - - - - - 0.00%
277 - - - - - 0.00%
278 - - - - - 0.00%
279 - - - - - 0.00%
280 - - - - - 0.00%
281 - - - - - 0.00%
282 - - - - - 0.00%
283 - - - - - 0.00%
284 - - - - - 0.00%
285 - - - - - 0.00%
286 - - - - - 0.00%
287 - - - - - 0.00%
288 - - - - - 0.00%
289 - - - - - 0.00%
290 - - - - - 0.00%
291 - - - - - 0.00%
292 - - - - - 0.00%
293 - - - - - 0.00%
294 - - - - - 0.00%
295 - - - - - 0.00%
296 - - - - - 0.00%
297 - - - - - 0.00%
298 - - - - - 0.00%
299 - - - - - 0.00%
300 - - - - - 0.00%
301 - - - - - 0.00%
302 - - - - - 0.00%
303 - - - - - 0.00%
304 - - - - - 0.00%
305 - - - - - 0.00%

Page 13 of 14
Monthly Amortization Table
© www.excel-skills.com
Repayment Capital % Capital
Number Opening Balance Loan Repayment Interest Charged Repaid Closing Balance Outstanding
306 - - - - - 0.00%
307 - - - - - 0.00%
308 - - - - - 0.00%
309 - - - - - 0.00%
310 - - - - - 0.00%
311 - - - - - 0.00%
312 - - - - - 0.00%
313 - - - - - 0.00%
314 - - - - - 0.00%
315 - - - - - 0.00%
316 - - - - - 0.00%
317 - - - - - 0.00%
318 - - - - - 0.00%
319 - - - - - 0.00%
320 - - - - - 0.00%
321 - - - - - 0.00%
322 - - - - - 0.00%
323 - - - - - 0.00%
324 - - - - - 0.00%
325 - - - - - 0.00%
326 - - - - - 0.00%
327 - - - - - 0.00%
328 - - - - - 0.00%
329 - - - - - 0.00%
330 - - - - - 0.00%
331 - - - - - 0.00%
332 - - - - - 0.00%
333 - - - - - 0.00%
334 - - - - - 0.00%
335 - - - - - 0.00%
336 - - - - - 0.00%
337 - - - - - 0.00%
338 - - - - - 0.00%
339 - - - - - 0.00%
340 - - - - - 0.00%
341 - - - - - 0.00%
342 - - - - - 0.00%
343 - - - - - 0.00%
344 - - - - - 0.00%
345 - - - - - 0.00%
346 - - - - - 0.00%
347 - - - - - 0.00%
348 - - - - - 0.00%
349 - - - - - 0.00%
350 - - - - - 0.00%
351 - - - - - 0.00%
352 - - - - - 0.00%
353 - - - - - 0.00%
354 - - - - - 0.00%
355 - - - - - 0.00%
356 - - - - - 0.00%
357 - - - - - 0.00%
358 - - - - - 0.00%
359 - - - - - 0.00%
360 - - - - - 0.00%
4,002,242.38

Page 14 of 14