This worksheet can help you calculate loan

costs. Enter values into the yellow boxes,

replacing the sample data. Results will be
shown in the green boxes.
This worksheet is locked to preserve the
formulas that calculate your results.

Period
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Payment
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13
3,301.13

Principal
2,265.14
2,300.96
2,337.36
2,374.33
2,411.88
2,450.03
2,488.78
2,528.14
2,568.13
2,608.75
2,650.01
2,691.93
2,734.50
2,777.75
2,821.69
2,866.32
2,911.65
2,957.71
3,004.49
3,052.01
3,100.28
3,149.32
3,199.13
3,249.73

Loan Amount:
Annual Interest Rate:

65,500
18.98%

Length of Loan (in Years):

Number of Payments Per Year:
Total Number of Periods:

2
12
24

Payment Per Period:

Total Interest Paid:
Total Payments:

3,301.13
13,727.07
79,227.07

Interest
1,035.99
1,000.16
963.77
926.80
889.25
851.10
812.35
772.98
733.00
692.38
651.12
609.20
566.63
523.37
479.44
434.81
389.47
343.42
296.64
249.12
200.85
151.81
102.00
51.40

Total Interest Paid New Payoff Amount

1,035.99
2,036.16
2,999.93
3,926.73
4,815.98
5,667.08
6,479.43
7,252.41
7,985.41
8,677.79
9,328.90
9,938.11
10,504.73
11,028.11
11,507.55
11,942.36
12,331.83
12,675.25
12,971.89
13,221.01
13,421.86
13,573.67
13,675.67
13,727.07

63,234.86
60,933.90
58,596.54
56,222.22
53,810.34
51,360.31
48,871.53
46,343.39
43,775.26
41,166.51
38,516.50
35,824.57
33,090.07
30,312.32
27,490.63
24,624.31
21,712.66
18,754.95
15,750.46
12,698.45
9,598.17
6,448.86
3,249.73
0.00

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