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.

Loan Amount:
Annual Interest Rate:
Length of Loan (in Years):
Number of Payments Per Year:

This worksheet is locked to preserve the

formulas that calculate your results.

Total Number of Periods:

Payment Per Period:
Total Interest Paid:
Total Payments:

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
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47

Payment
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01
27,486.01

Principal
3,569.35
3,599.84
3,630.58
3,661.60
3,692.87
3,724.42
3,756.23
3,788.31
3,820.67
3,853.31
3,886.22
3,919.41
3,952.89
3,986.66
4,020.71
4,055.05
4,089.69
4,124.62
4,159.85
4,195.39
4,231.22
4,267.36
4,303.81
4,340.58
4,377.65
4,415.04
4,452.76
4,490.79
4,529.15
4,567.84
4,606.85
4,646.20
4,685.89
4,725.91
4,766.28
4,806.99
4,848.05
4,889.46
4,931.23
4,973.35
5,015.83
5,058.67
5,101.88
5,145.46
5,189.41
5,233.74
5,278.44

Interest
23,916.67
23,886.18
23,855.43
23,824.42
23,793.14
23,761.60
23,729.79
23,697.70
23,665.34
23,632.71
23,599.79
23,566.60
23,533.12
23,499.36
23,465.30
23,430.96
23,396.32
23,361.39
23,326.16
23,290.63
23,254.79
23,218.65
23,182.20
23,145.44
23,108.36
23,070.97
23,033.26
22,995.22
22,956.87
22,918.18
22,879.16
22,839.81
22,800.13
22,760.10
22,719.73
22,679.02
22,637.96
22,596.55
22,554.79
22,512.67
22,470.19
22,427.34
22,384.13
22,340.55
22,296.60
22,252.28
22,207.57

Total Interest Paid

23,916.67
47,802.85
71,658.28
95,482.69
119,275.84
143,037.44
166,767.22
190,464.92
214,130.27
237,762.98
261,362.77
284,929.37
308,462.49
331,961.85
355,427.16
378,858.12
402,254.44
425,615.83
448,941.99
472,232.62
495,487.41
518,706.07
541,888.27
565,033.71
588,142.07
611,213.04
634,246.30
657,241.52
680,198.39
703,116.57
725,995.73
748,835.54
771,635.67
794,395.77
817,115.50
839,794.53
862,432.49
885,029.04
907,583.83
930,096.49
952,566.68
974,994.02
997,378.16
1,019,718.71
1,042,015.31
1,064,267.59
1,086,475.16

2,800,000
10.25%
20
12
240
27,486.01
3,796,643.56
6,596,643.56
New Payoff
Amount
2,796,430.65
2,792,830.82
2,789,200.23
2,785,538.63
2,781,845.76
2,778,121.35
2,774,365.12
2,770,576.81
2,766,756.13
2,762,902.83
2,759,016.61
2,755,097.19
2,751,144.30
2,747,157.64
2,743,136.93
2,739,081.88
2,734,992.19
2,730,867.57
2,726,707.71
2,722,512.33
2,718,281.10
2,714,013.74
2,709,709.93
2,705,369.35
2,700,991.70
2,696,576.65
2,692,123.90
2,687,633.11
2,683,103.96
2,678,536.12
2,673,929.27
2,669,283.07
2,664,597.18
2,659,871.27
2,655,104.99
2,650,297.99
2,645,449.94
2,640,560.48
2,635,629.25
2,630,655.90
2,625,640.07
2,620,581.40
2,615,479.52
2,610,334.06
2,605,144.65
2,599,910.91
2,594,632.46

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