Copyright: Charley Kyd, ExcelUser.

com, 2006
This workbook is provided on an as-is basis. Use it at your own risk. You have permission to modify and use these
formulas for your own use, but they may not be sold without written permission of the author.
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Thank you!
Charley Kyd

Term Loan Amortization

Setup
Loan Amount
Annual Interest Rate
Number of Years
Payments per Year

######## Loan
6.00%
5
12

Calculations
Periodic Interest Rate
Total Number of Payments
Periodic Payment, Term Loan
Periodic Payment, Amortizing Loan
Interactive Analysis
Number of Periods to Calculate

Term Loan
Principle paid after 20 periods
Interest paid after 20 periods
Loan balance after 20 periods

Period
0
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

Term Loan Amortization

Principle
Interest

1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67

500.00
491.67
483.33
475.00
466.67
458.33
450.00
441.67
433.33
425.00
416.67
408.33
400.00
391.67
383.33
375.00
366.67
358.33
350.00
341.67
333.33
325.00
316.67
308.33
300.00
291.67
283.33
275.00
266.67

0.50%
60
1,666.67
1,933.28

IntRate
LoanPds
PrinPmt
PmtAmort

20 CalcPds

From Table Calculated

33,333.33
8,416.67
66,666.67

Payment

2,166.67
2,158.33
2,150.00
2,141.67
2,133.33
2,125.00
2,116.67
2,108.33
2,100.00
2,091.67
2,083.33
2,075.00
2,066.67
2,058.33
2,050.00
2,041.67
2,033.33
2,025.00
2,016.67
2,008.33
2,000.00
1,991.67
1,983.33
1,975.00
1,966.67
1,958.33
1,950.00
1,941.67
1,933.33

33,333.33
8,416.67
66,666.67

Balance

100,000.00
98,333.33
96,666.67
95,000.00
93,333.33
91,666.67
90,000.00
88,333.33
86,666.67
85,000.00
83,333.33
81,666.67
80,000.00
78,333.33
76,666.67
75,000.00
73,333.33
71,666.67
70,000.00
68,333.33
66,666.67
65,000.00
63,333.33
61,666.67
60,000.00
58,333.33
56,666.67
55,000.00
53,333.33
51,666.67

Amortizing Loan
Principle Interest Payment

Balance

########
1,433.28
1,440.45
1,447.65
1,454.89
1,462.16
1,469.47
1,476.82
1,484.20
1,491.62
1,499.08
1,506.58
1,514.11
1,521.68
1,529.29
1,536.94
1,544.62
1,552.34
1,560.11
1,567.91
1,575.75
1,583.62
1,591.54
1,599.50
1,607.50
1,615.54
1,623.61
1,631.73
1,639.89
1,648.09

500.00
492.83
485.63
478.39
471.12
463.81
456.46
449.08
441.66
434.20
426.70
419.17
411.60
403.99
396.34
388.66
380.94
373.17
365.37
357.53
349.66
341.74
333.78
325.78
317.74
309.67
301.55
293.39
285.19

1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28

98,566.72
97,126.27
95,678.62
94,223.74
92,761.58
91,292.10
89,815.28
88,331.08
86,839.46
85,340.37
83,833.79
82,319.68
80,798.00
79,268.71
77,731.77
76,187.15
74,634.81
73,074.70
71,506.80
69,931.05
68,347.43
66,755.88
65,156.38
63,548.88
61,933.35
60,309.73
58,678.00
57,038.11
55,390.02

30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67

258.33
250.00
241.67
233.33
225.00
216.67
208.33
200.00
191.67
183.33
175.00
166.67
158.33
150.00
141.67
133.33
125.00
116.67
108.33
100.00
91.67
83.33
75.00
66.67
58.33
50.00
41.67
33.33
25.00
16.67
8.33
0.00
-8.33
-16.67
-25.00
-33.33
-41.67
-50.00
-58.33
-66.67
-75.00
-83.33
-91.67
-100.00
-108.33
-116.67
-125.00
-133.33
-141.67
-150.00
-158.33
-166.67
-175.00
-183.33
-191.67

1,925.00
1,916.67
1,908.33
1,900.00
1,891.67
1,883.33
1,875.00
1,866.67
1,858.33
1,850.00
1,841.67
1,833.33
1,825.00
1,816.67
1,808.33
1,800.00
1,791.67
1,783.33
1,775.00
1,766.67
1,758.33
1,750.00
1,741.67
1,733.33
1,725.00
1,716.67
1,708.33
1,700.00
1,691.67
1,683.33
1,675.00
1,666.67
1,658.33
1,650.00
1,641.67
1,633.33
1,625.00
1,616.67
1,608.33
1,600.00
1,591.67
1,583.33
1,575.00
1,566.67
1,558.33
1,550.00
1,541.67
1,533.33
1,525.00
1,516.67
1,508.33
1,500.00
1,491.67
1,483.33
1,475.00

50,000.00
48,333.33
46,666.67
45,000.00
43,333.33
41,666.67
40,000.00
38,333.33
36,666.67
35,000.00
33,333.33
31,666.67
30,000.00
28,333.33
26,666.67
25,000.00
23,333.33
21,666.67
20,000.00
18,333.33
16,666.67
15,000.00
13,333.33
11,666.67
10,000.00
8,333.33
6,666.67
5,000.00
3,333.33
1,666.67
0.00
-1,666.67
-3,333.33
-5,000.00
-6,666.67
-8,333.33
-10,000.00
-11,666.67
-13,333.33
-15,000.00
-16,666.67
-18,333.33
-20,000.00
-21,666.67
-23,333.33
-25,000.00
-26,666.67
-28,333.33
-30,000.00
-31,666.67
-33,333.33
-35,000.00
-36,666.67
-38,333.33
-40,000.00

1,656.33
1,664.61
1,672.93
1,681.30
1,689.71
1,698.15
1,706.65
1,715.18
1,723.75
1,732.37
1,741.03
1,749.74
1,758.49
1,767.28
1,776.12
1,785.00
1,793.92
1,802.89
1,811.91
1,820.97
1,830.07
1,839.22
1,848.42
1,857.66
1,866.95
1,876.28
1,885.66
1,895.09
1,904.57
1,914.09
1,923.66
1,933.28
1,942.95
1,952.66
1,962.42
1,972.24
1,982.10
1,992.01
2,001.97
2,011.98
2,022.04
2,032.15
2,042.31
2,052.52
2,062.78
2,073.10
2,083.46
2,093.88
2,104.35
2,114.87
2,125.45
2,136.07
2,146.75
2,157.49
2,168.27

276.95
268.67
260.35
251.98
243.57
235.13
226.63
218.10
209.53
200.91
192.25
183.54
174.79
166.00
157.16
148.28
139.36
130.39
121.37
112.31
103.21
94.06
84.86
75.62
66.33
57.00
47.62
38.19
28.71
19.19
9.62
0.00
-9.67
-19.38
-29.14
-38.96
-48.82
-58.73
-68.69
-78.70
-88.76
-98.87
-109.03
-119.24
-129.50
-139.82
-150.18
-160.60
-171.07
-181.59
-192.17
-202.79
-213.47
-224.21
-234.99

1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28

53,733.69
52,069.08
50,396.15
48,714.85
47,025.14
45,326.99
43,620.34
41,905.16
40,181.41
38,449.04
36,708.00
34,958.26
33,199.77
31,432.49
29,656.37
27,871.37
26,077.45
24,274.56
22,462.65
20,641.68
18,811.61
16,972.39
15,123.97
13,266.31
11,399.36
9,523.08
7,637.41
5,742.32
3,837.75
1,923.66
0.00
-1,933.28
-3,876.23
-5,828.89
-7,791.31
-9,763.55
-11,745.65
-13,737.66
-15,739.62
-17,751.60
-19,773.64
-21,805.79
-23,848.10
-25,900.62
-27,963.40
-30,036.50
-32,119.96
-34,213.84
-36,318.19
-38,433.06
-40,558.51
-42,694.58
-44,841.33
-46,998.82
-49,167.09

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67
1,666.67

-200.00
-208.33
-216.67
-225.00
-233.33
-241.67
-250.00
-258.33
-266.67
-275.00
-283.33
-291.67
-300.00
-308.33
-316.67
-325.00
-333.33
-341.67
-350.00
-358.33
-366.67
-375.00
-383.33
-391.67
-400.00
-408.33
-416.67
-425.00
-433.33
-441.67
-450.00
-458.33
-466.67
-475.00
-483.33
-491.67

1,466.67
1,458.33
1,450.00
1,441.67
1,433.33
1,425.00
1,416.67
1,408.33
1,400.00
1,391.67
1,383.33
1,375.00
1,366.67
1,358.33
1,350.00
1,341.67
1,333.33
1,325.00
1,316.67
1,308.33
1,300.00
1,291.67
1,283.33
1,275.00
1,266.67
1,258.33
1,250.00
1,241.67
1,233.33
1,225.00
1,216.67
1,208.33
1,200.00
1,191.67
1,183.33
1,175.00

-41,666.67
-43,333.33
-45,000.00
-46,666.67
-48,333.33
-50,000.00
-51,666.67
-53,333.33
-55,000.00
-56,666.67
-58,333.33
-60,000.00
-61,666.67
-63,333.33
-65,000.00
-66,666.67
-68,333.33
-70,000.00
-71,666.67
-73,333.33
-75,000.00
-76,666.67
-78,333.33
-80,000.00
-81,666.67
-83,333.33
-85,000.00
-86,666.67
-88,333.33
-90,000.00
-91,666.67
-93,333.33
-95,000.00
-96,666.67
-98,333.33
#########

2,179.12
2,190.01
2,200.96
2,211.97
2,223.03
2,234.14
2,245.31
2,256.54
2,267.82
2,279.16
2,290.56
2,302.01
2,313.52
2,325.09
2,336.71
2,348.40
2,360.14
2,371.94
2,383.80
2,395.72
2,407.70
2,419.73
2,431.83
2,443.99
2,456.21
2,468.49
2,480.83
2,493.24
2,505.71
2,518.23
2,530.83
2,543.48
2,556.20
2,568.98
2,581.82
2,594.73

-245.84
-256.73
-267.68
-278.69
-289.75
-300.86
-312.03
-323.26
-334.54
-345.88
-357.28
-368.73
-380.24
-391.81
-403.43
-415.12
-426.86
-438.66
-450.52
-462.44
-474.42
-486.45
-498.55
-510.71
-522.93
-535.21
-547.55
-559.96
-572.43
-584.95
-597.54
-610.20
-622.92
-635.70
-648.54
-661.45

1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28
1,933.28

-51,346.21
-53,536.22
-55,737.18
-57,949.15
-60,172.17
-62,406.32
-64,651.63
-66,908.17
-69,175.99
-71,455.15
-73,745.70
-76,047.71
-78,361.23
-80,686.32
-83,023.03
-85,371.42
-87,731.56
-90,103.50
-92,487.30
-94,883.01
-97,290.71
-99,710.44
-102,142.27
-104,586.27
-107,042.48
-109,510.97
-111,991.80
-114,485.04
-116,990.75
-119,508.98
-122,039.81
-124,583.29
-127,139.48
-129,708.46
-132,290.28
-134,885.02