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Loan Amortization Schedule

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Loan Amortization Schedule © 2005 Vertex42, LLC v 1.4
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Recording
RecordingActual
ActualPayments
Payments
Inputs
Loan Amount $ 12,000 This
Thisspreadsheet
spreadsheetprovides
providesan analternate
alternate
Annual Interest Rate 7.50% way
waytotorecord
recordthe
thepayments,
payments,assuming
assuming
Term of Loan in Years 1.5 the
thesame
sameloan
loaninformation
informationas asininthe
the
First Payment Date 28/09/2007 Schedule
Scheduleworksheet.
worksheet.TheTheactual
actual
Frequency of Payment Monthly payment
paymentisisrecorded
recordedeach
eachpaypayperiod.
period.
Any
Anyamount
amountabove
abovethethepayment
paymentdue dueisis
Summary used
usedtotopay
payoff
offthe
theprincipal.
principal.IfIfno
no
Rate (per period) 0.625% payment
paymentisismade,
made,thetheinterest
interestdue
dueisis
Payment (per period) $706.95 added to the balance. This assumes
added to the balance. This assumes
there
thereare
areno
nopenalties
penaltiesfor
forlate
late
Total Payments $2,213.90 payments,
payments, missing payments,or
missing payments, or
Total Interest $1,192.71 prepayments.
prepayments.
.

Payment Schedule
Due Payment
No. Date Due Payment Interest Principal Balance
$12,000.00
1 28/09/2007 706.95 706.95 75.00 631.95 11,368.05
2 28/10/2007 706.95 706.95 71.05 635.90 10,732.15
3 28/11/2007 706.95 800.00 67.08 732.92 9,999.23
4 28/12/2007 706.95 62.50 -62.50 10,061.73
5 28/01/2008 706.95 As 62.89 -62.89 10,124.62
Aspayments
paymentsare
aremade,
made,
6 28/02/2008 706.95 enter
enterthe amount
amountpaid
63.28
the paidinin-63.28 10,187.90
this
thiscolumn.
column.
7 28/03/2008 706.95 63.67 -63.67 10,251.57
8 28/04/2008 706.95 64.07 -64.07 10,315.64
9 28/05/2008 706.95 64.47 -64.47 10,380.11
10 28/06/2008 706.95 64.88 -64.88 10,444.99
11 28/07/2008 706.95 65.28 -65.28 10,510.27
12 28/08/2008 706.95 65.69 -65.69 10,575.96
13 28/09/2008 706.95 66.10 -66.10 10,642.06
14 28/10/2008 706.95 66.51 -66.51 10,708.57
15 28/11/2008 706.95 66.93 -66.93 10,775.50
16 28/12/2008 706.95 67.35 -67.35 10,842.85
17 28/01/2009 706.95 67.77 -67.77 10,910.62
18 28/02/2009 10,978.81 68.19 -68.19 10,978.81