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Loan Amortization Schedule3

This document is an amortization schedule for a $1.4 million loan taken out by Woodgrove Bank with an annual interest rate of 3% over 7 years. It shows that the borrower will make monthly payments of $18,500 for 85 months, paying a total of $1,572,500 towards principal and $153,871 in interest over the life of the loan. The schedule provides details of the amount that goes towards principal and interest for each monthly payment, and the remaining balance on the loan.

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devanand bhaw
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205 views9 pages

Loan Amortization Schedule3

This document is an amortization schedule for a $1.4 million loan taken out by Woodgrove Bank with an annual interest rate of 3% over 7 years. It shows that the borrower will make monthly payments of $18,500 for 85 months, paying a total of $1,572,500 towards principal and $153,871 in interest over the life of the loan. The schedule provides details of the amount that goes towards principal and interest for each monthly payment, and the remaining balance on the loan.

Uploaded by

devanand bhaw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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LOAN AMORTIZATION SCHEDULE

ENTER VALUES LOAN SUMMARY


Loan amount $1,400,000.00 0 Scheduled payment $18,500.00
Annual interest rate 3.00% Scheduled number of payments 85
Loan period in years 7 Actual number of payments 85
Number of payments per year 12 Total early payments $0.00
Start date of loan 10/1/2018 Total interest $153,871.20

Optional extra payments LENDER NAME Woodgrove Bank

PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE


PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST
1 10/1/2018 $1,400,000.00 $18,500.00 $0.00 $18,500.00 $15,000.00 $3,500.00 $1,385,000.00 $3,500.00
2 11/1/2018 $1,385,000.00 $18,500.00 $0.00 $18,500.00 $15,037.50 $3,462.50 $1,369,962.50 $6,962.50
3 12/1/2018 $1,369,962.50 $18,500.00 $0.00 $18,500.00 $15,075.09 $3,424.91 $1,354,887.41 $10,387.41
4 1/1/2019 $1,354,887.41 $18,500.00 $0.00 $18,500.00 $15,112.78 $3,387.22 $1,339,774.62 $13,774.62
5 2/1/2019 $1,339,774.62 $18,500.00 $0.00 $18,500.00 $15,150.56 $3,349.44 $1,324,624.06 $17,124.06
6 3/1/2019 $1,324,624.06 $18,500.00 $0.00 $18,500.00 $15,188.44 $3,311.56 $1,309,435.62 $20,435.62
7 4/1/2019 $1,309,435.62 $18,500.00 $0.00 $18,500.00 $15,226.41 $3,273.59 $1,294,209.21 $23,709.21
8 5/1/2019 $1,294,209.21 $18,500.00 $0.00 $18,500.00 $15,264.48 $3,235.52 $1,278,944.73 $26,944.73
9 6/1/2019 $1,278,944.73 $18,500.00 $0.00 $18,500.00 $15,302.64 $3,197.36 $1,263,642.10 $30,142.10
10 7/1/2019 $1,263,642.10 $18,500.00 $0.00 $18,500.00 $15,340.89 $3,159.11 $1,248,301.20 $33,301.20
11 8/1/2019 $1,248,301.20 $18,500.00 $0.00 $18,500.00 $15,379.25 $3,120.75 $1,232,921.95 $36,421.95
12 9/1/2019 $1,232,921.95 $18,500.00 $0.00 $18,500.00 $15,417.70 $3,082.30 $1,217,504.26 $39,504.26
13 10/1/2019 $1,217,504.26 $18,500.00 $0.00 $18,500.00 $15,456.24 $3,043.76 $1,202,048.02 $42,548.02
14 11/1/2019 $1,202,048.02 $18,500.00 $0.00 $18,500.00 $15,494.88 $3,005.12 $1,186,553.14 $45,553.14
15 12/1/2019 $1,186,553.14 $18,500.00 $0.00 $18,500.00 $15,533.62 $2,966.38 $1,171,019.52 $48,519.52
16 1/1/2020 $1,171,019.52 $18,500.00 $0.00 $18,500.00 $15,572.45 $2,927.55 $1,155,447.07 $51,447.07
17 2/1/2020 $1,155,447.07 $18,500.00 $0.00 $18,500.00 $15,611.38 $2,888.62 $1,139,835.69 $54,335.69
18 3/1/2020 $1,139,835.69 $18,500.00 $0.00 $18,500.00 $15,650.41 $2,849.59 $1,124,185.28 $57,185.28
19 4/1/2020 $1,124,185.28 $18,500.00 $0.00 $18,500.00 $15,689.54 $2,810.46 $1,108,495.74 $59,995.74
20 5/1/2020 $1,108,495.74 $18,500.00 $0.00 $18,500.00 $15,728.76 $2,771.24 $1,092,766.98 $62,766.98
21 6/1/2020 $1,092,766.98 $18,500.00 $0.00 $18,500.00 $15,768.08 $2,731.92 $1,076,998.90 $65,498.90
22 7/1/2020 $1,076,998.90 $18,500.00 $0.00 $18,500.00 $15,807.50 $2,692.50 $1,061,191.40 $68,191.40
23 8/1/2020 $1,061,191.40 $18,500.00 $0.00 $18,500.00 $15,847.02 $2,652.98 $1,045,344.37 $70,844.37
24 9/1/2020 $1,045,344.37 $18,500.00 $0.00 $18,500.00 $15,886.64 $2,613.36 $1,029,457.73 $73,457.73
25 10/1/2020 $1,029,457.73 $18,500.00 $0.00 $18,500.00 $15,926.36 $2,573.64 $1,013,531.38 $76,031.38
26 11/1/2020 $1,013,531.38 $18,500.00 $0.00 $18,500.00 $15,966.17 $2,533.83 $997,565.21 $78,565.21
27 12/1/2020 $997,565.21 $18,500.00 $0.00 $18,500.00 $16,006.09 $2,493.91 $981,559.12 $81,059.12
28 1/1/2021 $981,559.12 $18,500.00 $0.00 $18,500.00 $16,046.10 $2,453.90 $965,513.02 $83,513.02
29 2/1/2021 $965,513.02 $18,500.00 $0.00 $18,500.00 $16,086.22 $2,413.78 $949,426.80 $85,926.80
30 3/1/2021 $949,426.80 $18,500.00 $0.00 $18,500.00 $16,126.43 $2,373.57 $933,300.37 $88,300.37
31 4/1/2021 $933,300.37 $18,500.00 $0.00 $18,500.00 $16,166.75 $2,333.25 $917,133.62 $90,633.62
32 5/1/2021 $917,133.62 $18,500.00 $0.00 $18,500.00 $16,207.17 $2,292.83 $900,926.45 $92,926.45
33 6/1/2021 $900,926.45 $18,500.00 $0.00 $18,500.00 $16,247.68 $2,252.32 $884,678.77 $95,178.77
34 7/1/2021 $884,678.77 $18,500.00 $0.00 $18,500.00 $16,288.30 $2,211.70 $868,390.47 $97,390.47
35 8/1/2021 $868,390.47 $18,500.00 $0.00 $18,500.00 $16,329.02 $2,170.98 $852,061.44 $99,561.44
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PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST
36 9/1/2021 $852,061.44 $18,500.00 $0.00 $18,500.00 $16,369.85 $2,130.15 $835,691.60 $101,691.60
37 10/1/2021 $835,691.60 $18,500.00 $0.00 $18,500.00 $16,410.77 $2,089.23 $819,280.82 $103,780.82
38 11/1/2021 $819,280.82 $18,500.00 $0.00 $18,500.00 $16,451.80 $2,048.20 $802,829.03 $105,829.03
39 12/1/2021 $802,829.03 $18,500.00 $0.00 $18,500.00 $16,492.93 $2,007.07 $786,336.10 $107,836.10
40 1/1/2022 $786,336.10 $18,500.00 $0.00 $18,500.00 $16,534.16 $1,965.84 $769,801.94 $109,801.94
41 2/1/2022 $769,801.94 $18,500.00 $0.00 $18,500.00 $16,575.50 $1,924.50 $753,226.44 $111,726.44
42 3/1/2022 $753,226.44 $18,500.00 $0.00 $18,500.00 $16,616.93 $1,883.07 $736,609.51 $113,609.51
43 4/1/2022 $736,609.51 $18,500.00 $0.00 $18,500.00 $16,658.48 $1,841.52 $719,951.03 $115,451.03
44 5/1/2022 $719,951.03 $18,500.00 $0.00 $18,500.00 $16,700.12 $1,799.88 $703,250.91 $117,250.91
45 6/1/2022 $703,250.91 $18,500.00 $0.00 $18,500.00 $16,741.87 $1,758.13 $686,509.04 $119,009.04
46 7/1/2022 $686,509.04 $18,500.00 $0.00 $18,500.00 $16,783.73 $1,716.27 $669,725.31 $120,725.31
47 8/1/2022 $669,725.31 $18,500.00 $0.00 $18,500.00 $16,825.69 $1,674.31 $652,899.62 $122,399.62
48 9/1/2022 $652,899.62 $18,500.00 $0.00 $18,500.00 $16,867.75 $1,632.25 $636,031.87 $124,031.87
49 10/1/2022 $636,031.87 $18,500.00 $0.00 $18,500.00 $16,909.92 $1,590.08 $619,121.95 $125,621.95
50 11/1/2022 $619,121.95 $18,500.00 $0.00 $18,500.00 $16,952.20 $1,547.80 $602,169.76 $127,169.76
51 12/1/2022 $602,169.76 $18,500.00 $0.00 $18,500.00 $16,994.58 $1,505.42 $585,175.18 $128,675.18
52 1/1/2023 $585,175.18 $18,500.00 $0.00 $18,500.00 $17,037.06 $1,462.94 $568,138.12 $130,138.12
53 2/1/2023 $568,138.12 $18,500.00 $0.00 $18,500.00 $17,079.65 $1,420.35 $551,058.47 $131,558.47
54 3/1/2023 $551,058.47 $18,500.00 $0.00 $18,500.00 $17,122.35 $1,377.65 $533,936.11 $132,936.11
55 4/1/2023 $533,936.11 $18,500.00 $0.00 $18,500.00 $17,165.16 $1,334.84 $516,770.95 $134,270.95
56 5/1/2023 $516,770.95 $18,500.00 $0.00 $18,500.00 $17,208.07 $1,291.93 $499,562.88 $135,562.88
57 6/1/2023 $499,562.88 $18,500.00 $0.00 $18,500.00 $17,251.09 $1,248.91 $482,311.79 $136,811.79
58 7/1/2023 $482,311.79 $18,500.00 $0.00 $18,500.00 $17,294.22 $1,205.78 $465,017.57 $138,017.57
59 8/1/2023 $465,017.57 $18,500.00 $0.00 $18,500.00 $17,337.46 $1,162.54 $447,680.11 $139,180.11
60 9/1/2023 $447,680.11 $18,500.00 $0.00 $18,500.00 $17,380.80 $1,119.20 $430,299.31 $140,299.31
61 10/1/2023 $430,299.31 $18,500.00 $0.00 $18,500.00 $17,424.25 $1,075.75 $412,875.06 $141,375.06
62 11/1/2023 $412,875.06 $18,500.00 $0.00 $18,500.00 $17,467.81 $1,032.19 $395,407.25 $142,407.25
63 12/1/2023 $395,407.25 $18,500.00 $0.00 $18,500.00 $17,511.48 $988.52 $377,895.76 $143,395.76
64 1/1/2024 $377,895.76 $18,500.00 $0.00 $18,500.00 $17,555.26 $944.74 $360,340.50 $144,340.50
65 2/1/2024 $360,340.50 $18,500.00 $0.00 $18,500.00 $17,599.15 $900.85 $342,741.36 $145,241.36
66 3/1/2024 $342,741.36 $18,500.00 $0.00 $18,500.00 $17,643.15 $856.85 $325,098.21 $146,098.21
67 4/1/2024 $325,098.21 $18,500.00 $0.00 $18,500.00 $17,687.25 $812.75 $307,410.95 $146,910.95
68 5/1/2024 $307,410.95 $18,500.00 $0.00 $18,500.00 $17,731.47 $768.53 $289,679.48 $147,679.48
69 6/1/2024 $289,679.48 $18,500.00 $0.00 $18,500.00 $17,775.80 $724.20 $271,903.68 $148,403.68
70 7/1/2024 $271,903.68 $18,500.00 $0.00 $18,500.00 $17,820.24 $679.76 $254,083.44 $149,083.44
71 8/1/2024 $254,083.44 $18,500.00 $0.00 $18,500.00 $17,864.79 $635.21 $236,218.65 $149,718.65
72 9/1/2024 $236,218.65 $18,500.00 $0.00 $18,500.00 $17,909.45 $590.55 $218,309.19 $150,309.19
73 10/1/2024 $218,309.19 $18,500.00 $0.00 $18,500.00 $17,954.23 $545.77 $200,354.97 $150,854.97
74 11/1/2024 $200,354.97 $18,500.00 $0.00 $18,500.00 $17,999.11 $500.89 $182,355.86 $151,355.86
75 12/1/2024 $182,355.86 $18,500.00 $0.00 $18,500.00 $18,044.11 $455.89 $164,311.74 $151,811.74
76 1/1/2025 $164,311.74 $18,500.00 $0.00 $18,500.00 $18,089.22 $410.78 $146,222.52 $152,222.52
77 2/1/2025 $146,222.52 $18,500.00 $0.00 $18,500.00 $18,134.44 $365.56 $128,088.08 $152,588.08
78 3/1/2025 $128,088.08 $18,500.00 $0.00 $18,500.00 $18,179.78 $320.22 $109,908.30 $152,908.30
79 4/1/2025 $109,908.30 $18,500.00 $0.00 $18,500.00 $18,225.23 $274.77 $91,683.07 $153,183.07
80 5/1/2025 $91,683.07 $18,500.00 $0.00 $18,500.00 $18,270.79 $229.21 $73,412.28 $153,412.28
81 6/1/2025 $73,412.28 $18,500.00 $0.00 $18,500.00 $18,316.47 $183.53 $55,095.81 $153,595.81

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PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST
82 7/1/2025 $55,095.81 $18,500.00 $0.00 $18,500.00 $18,362.26 $137.74 $36,733.55 $153,733.55
83 8/1/2025 $36,733.55 $18,500.00 $0.00 $18,500.00 $18,408.17 $91.83 $18,325.38 $153,825.38
84 9/1/2025 $18,325.38 $18,500.00 $0.00 $18,325.38 $18,279.57 $45.81 $0.00 $153,871.20
85 10/1/2025 $0.00 $18,500.00 $0.00 $0.00 $0.00 $0.00 $0.00 $153,871.20

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PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST

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PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST

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PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST

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PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
NO BALANCE PAYMENT PAYMENT PAYMENT INTEREST

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PMT BEGINNING SCHEDULED EXTRA TOTAL CUMULATIVE
PAYMENT DATE PRINCIPAL INTEREST ENDING BALANCE
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