Excel Amortization Formulas

http://www.vertex42.com/ExcelArticles/amortization-formulas.html

$12,000,000

Inputs
Loan Amount
Annual Interest Rate
Term of Loan in Years

$ 5,000,000
10.15%
30

$10,000,000

Cumulative Principal

$8,000,000

Cumulative Interest

$6,000,000
$4,000,000

Summary
Monthly Payment
# of Payments
Total Payment
Total Interest

Month

2005 Vertex42 LLC

$44,433.81
360
########
########

$2,000,000
$0

10

15
Year

20

25

30

35

[42]

Balance

Year

Cumulative Cumulative
Interest
Principal

Balance

Payment

Interest

Principal

44,433.81

42,291.67

2,142.14

4,997,857.86

506,269.78

26,935.92

4,973,064.08

44,433.81

42,273.55

2,160.26

4,995,697.60

1,009,674.73

56,736.68

4,943,263.32

44,433.81

42,255.28

2,178.53

4,993,519.06

1,509,910.13

89,706.98

4,910,293.02

44,433.81

42,236.85

2,196.96

4,991,322.10

2,006,638.90

126,183.92

4,873,816.08

44,433.81

42,218.27

2,215.54

4,989,106.56

2,499,488.07

166,540.46

4,833,459.54

44,433.81

42,199.53

2,234.28

4,986,872.28

2,988,045.01

211,189.22

4,788,810.78

44,433.81

42,180.63

2,253.18

4,984,619.10

3,471,853.22

260,586.71

4,739,413.29

44,433.81

42,161.57

2,272.24

4,982,346.86

3,950,407.64

315,238.00

4,684,762.00

44,433.81

42,142.35

2,291.46

4,980,055.40

4,423,149.48

375,701.87

4,624,298.13

10

44,433.81

42,122.97

2,310.84

4,977,744.56

10

4,889,460.52

442,596.52

4,557,403.48

11

44,433.81

42,103.42

2,330.39

4,975,414.17

11

5,348,656.82

516,605.93

4,483,394.07

12

44,433.81

42,083.71

2,350.10

4,973,064.08

12

5,799,981.65

598,486.80

4,401,513.20

13

44,433.81

42,063.83

2,369.98

4,970,694.10

13

6,242,597.84

689,076.32

4,310,923.68

14

44,433.81

42,043.79

2,390.02

4,968,304.08

14

6,675,579.14

789,300.72

4,210,699.28

15

44,433.81

42,023.57

2,410.24

4,965,893.84

15

7,097,900.82

900,184.75

4,099,815.25

16

44,433.81

42,003.19

2,430.62

4,963,463.22

16

7,508,429.15

1,022,862.13

3,977,137.87

17

44,433.81

41,982.63

2,451.18

4,961,012.04

17

7,905,909.81

1,158,587.17

3,841,412.83

18

44,433.81

41,961.89

2,471.92

4,958,540.12

18

8,288,955.08

1,308,747.60

3,691,252.40

19

44,433.81

41,940.99

2,492.82

4,956,047.30

19

8,656,029.66

1,474,878.73

3,525,121.27

20

44,433.81

41,919.90

2,513.91

4,953,533.39

20

9,005,434.93

1,658,679.16

3,341,320.84

21

44,433.81

41,898.64

2,535.17

4,950,998.22

21

9,335,291.64

1,862,028.16

3,137,971.84

22

44,433.81

41,877.19

2,556.62

4,948,441.60

22

9,643,520.65

2,087,004.86

2,912,995.14

23

44,433.81

41,855.57

2,578.24

4,945,863.36

23

9,927,821.68

2,335,909.53

2,664,090.47

24

44,433.81

41,833.76

2,600.05

4,943,263.32

24

10,185,649.82

2,611,287.10

2,388,712.90

25

44,433.81

41,811.77

2,622.04

4,940,641.28

25

10,414,189.46

2,915,953.15

2,084,046.85

26

44,433.81

41,789.59

2,644.22

4,937,997.06

26

10,610,325.58

3,253,022.75

1,746,977.25

27

44,433.81

41,767.23

2,666.58

4,935,330.47

27

10,770,611.79

3,625,942.24

1,374,057.76

28

44,433.81

41,744.67

2,689.14

4,932,641.34

28

10,891,235.19

4,038,524.55

961,475.45

29

44,433.81

41,721.92

2,711.88

4,929,929.45

29

10,967,977.34

4,494,988.10

505,011.90

30

44,433.81

41,698.99

2,734.82

4,927,194.63

30

10,996,171.14

5,000,000.00

0.00

31

44,433.81

41,675.85

2,757.95

4,924,436.68

32

44,433.81

41,652.53

2,781.28

4,921,655.39

33

44,433.81

41,629.00

2,804.81

4,918,850.59

34

44,433.81

41,605.28

2,828.53

4,916,022.06

35

44,433.81

41,581.35

2,852.46

4,913,169.60

$5,000,000.00

$5,000,000.00

36

44,433.81

41,557.23

2,876.58

4,910,293.02

37

44,433.81

41,532.90

2,900.91

4,907,392.10

38

44,433.81

41,508.36

2,925.45

4,904,466.65

39

44,433.81

41,483.61

2,950.19

4,901,516.46

40

44,433.81

41,458.66

2,975.15

4,898,541.31

41

44,433.81

41,433.50

3,000.31

4,895,541.00

42

44,433.81

41,408.12

3,025.69

4,892,515.31

43

44,433.81

41,382.53

3,051.28

4,889,464.02

44

44,433.81

41,356.72

3,077.09

4,886,386.93

45

44,433.81

41,330.69

3,103.12

4,883,283.81

46

44,433.81

41,304.44

3,129.37

4,880,154.44

47

44,433.81

41,277.97

3,155.84

4,876,998.61

48

44,433.81

41,251.28

3,182.53

4,873,816.08

12304680

36000
186000
15500

45000
3750

5000

50000
100000
150000
300000
300000
200000
16666.67
50000
4166.667
12000

10500
1050

12500

30797

4500

13841
166092