Scribd
Upload
67 views

Template Excel

The document outlines a 1-year $5,000 loan amortization schedule with monthly payments of $425.75 plus optional extra payments of $100 per month. Over the course of the year, with the extra payments, the borrower pays a total of $900 in principal above the scheduled amounts, reducing interest paid to $89.62. The lender is Woodgrove Bank and the loan has an annual interest rate of 4%.

Uploaded by

amarantine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
67 views

Template Excel

The document outlines a 1-year $5,000 loan amortization schedule with monthly payments of $425.75 plus optional extra payments of $100 per month. Over the course of the year, with the extra payments, the borrower pays a total of $900 in principal above the scheduled amounts, reducing interest paid to $89.62. The lender is Woodgrove Bank and the loan has an annual interest rate of 4%.

Uploaded by

amarantine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 8

LOAN AMORTIZATION SCHEDULE

ENTER VALUES LOAN SUMMARY


Loan amount $5,000.00 Scheduled payment $425.75
Annual interest rate 4.00% Scheduled number of payments 12
Loan period in years 1 Actual number of payments
Number of payments per year 12 Total early payments $900.00
Start date of loan 7/27/2018 Total interest $89.62

Optional extra payments $100.00 LENDER NAME Woodgrove Bank

PMT BEGINNING SCHEDULE ENDING CUMULATIVE


PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST
1 7/27/2018 $5,000.00 $425.75 $100.00 $525.75 $509.08 $16.67 $4,490.92 $16.67
2 8/27/2018 $4,490.92 $425.75 $100.00 $525.75 $510.78 $14.97 $3,980.14 $31.64
3 9/27/2018 $3,980.14 $425.75 $100.00 $525.75 $512.48 $13.27 $3,467.65 $44.90
4 10/27/2018 $3,467.65 $425.75 $100.00 $525.75 $514.19 $11.56 $2,953.46 $56.46
5 11/27/2018 $2,953.46 $425.75 $100.00 $525.75 $515.90 $9.84 $2,437.56 $66.31
6 12/27/2018 $2,437.56 $425.75 $100.00 $525.75 $517.62 $8.13 $1,919.94 $74.43
7 1/27/2019 $1,919.94 $425.75 $100.00 $525.75 $519.35 $6.40 $1,400.59 $80.83
8 2/27/2019 $1,400.59 $425.75 $100.00 $525.75 $521.08 $4.67 $879.50 $85.50
9 3/27/2019 $879.50 $425.75 $100.00 $525.75 $522.82 $2.93 $356.69 $88.43
10 4/27/2019 $356.69 $425.75 $0.00 $356.69 $355.50 $1.19 $0.00 $89.62
11 5/27/2019 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62
12 6/27/2019 $0.00 $425.75 $0.00 $0.00 $0.00 $0.00 $0.00 $89.62

Page 1 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 2 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 3 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 4 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 5 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 6 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 7 of 8
PMT BEGINNING SCHEDULE ENDING CUMULATIVE
PAYMENT DATE EXTRA PAYMENT TOTAL PAYMENT PRINCIPAL INTEREST
NO BALANCE D PAYMENT BALANCE INTEREST

Page 8 of 8

You might also like