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    PADD Loan Calculator Tool: Payment Amount (Monthly) : $ 6,055.81

    Uploaded by

    c_b_umashankar
    This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with a 9.5% interest rate paid monthly over 10 years. It estimates the monthly payment will be $6,055.81, with a total of $258,696.68 paid in interest and $726,696.68 paid in total over the full loan term. It also provides sample amortization schedules for the first 12 months and annually.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    PADD Loan Calculator Tool: Payment Amount (Monthly) : $ 6,055.81

    Uploaded by

    c_b_umashankar
    51 views1 page
    This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with a 9.5% interest rate paid monthly over 10 years. It estimates the monthly payment will be $6,055.81, with a total of $258,696.68 paid in interest and $726,696.68 paid in total over the full loan term. It also provides sample amortization schedules for the first 12 months and annually.

    Original Title

    Loan_Calculator_Worksheet

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    This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with a 9.5% interest rate paid monthly over 10 years. It estimates the monthly payment will be $6,055.81, with a total of $258,696.68 paid in interest and $726,696.68 paid in total over the full loan term. It also provides sample amortization schedules for the first 12 months and annually.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    51 views1 page

    PADD Loan Calculator Tool: Payment Amount (Monthly) : $ 6,055.81

    Uploaded by

    c_b_umashankar
    This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with a 9.5% interest rate paid monthly over 10 years. It estimates the monthly payment will be $6,055.81, with a total of $258,696.68 paid in interest and $726,696.68 paid in total over the full loan term. It also provides sample amortization schedules for the first 12 months and annually.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 1

    PADD Loan Calculator Tool

    Loan Amount: $ 468,000.00


    Balloon Payment: $ -
    Interest Rate (APR): 9.50%
    Payment Rhythm: Monthly Semi-Annually
    Loan Term in Years: 10
    Payments in Advance / Arrears: Arrears
    Payment Amount (Monthly): $ 6,055.81

    Loan Summary:
    Payment Amount (Monthly): $ 6,055.81
    Number of Loan Payments over Loan Term: 120
    Total Interest Paid over Loan Term: $ 258,696.68
    Total Amount Paid over Loan Term: $ 726,696.68
    Time until Principal exceeds Interest Payments: 2 10/12 Years

    This calculator will give you just an estimate of your actual loan payment and amortization schedule. Your actual loan payment amount and amortization schedule will be determined at the time
    of loan closing, when and if your loan application has been approved.

    The PADD does not guarantee the correctness of any results.

    First 12 Month Amortization Schedule Annual Amortization Schedule

    Month Principal Interest Balance Year Principal Interest Balance


    Total $ 29,470.96 $ 43,198.71 $ 438,529.04 Total $ 468,000.00 $ 258,696.68 -
    1 $ 2,350.81 $ 3,705.00 $ 465,649.19 1 $ 29,470.96 $ 43,198.71 $ 438,529.04
    2 $ 2,369.42 $ 3,686.39 $ 463,279.78 2 $ 32,395.88 $ 40,273.78 $ 406,133.15
    3 $ 2,388.17 $ 3,667.63 $ 460,891.60 3 $ 35,611.10 $ 37,058.57 $ 370,522.06
    4 $ 2,407.08 $ 3,648.73 $ 458,484.52 4 $ 39,145.41 $ 33,524.26 $ 331,376.64
    5 $ 2,426.14 $ 3,629.67 $ 456,058.39 5 $ 43,030.50 $ 29,639.17 $ 288,346.14
    6 $ 2,445.34 $ 3,610.46 $ 453,613.04 6 $ 47,301.17 $ 25,368.49 $ 241,044.97
    7 $ 2,464.70 $ 3,591.10 $ 451,148.34 7 $ 51,995.70 $ 20,673.97 $ 189,049.27
    8 $ 2,484.21 $ 3,571.59 $ 448,664.13 8 $ 57,156.15 $ 15,513.52 $ 131,893.12
    9 $ 2,503.88 $ 3,551.92 $ 446,160.24 9 $ 62,828.76 $ 9,840.91 $ 69,064.36
    10 $ 2,523.70 $ 3,532.10 $ 443,636.54 10 $ 69,064.36 $ 3,605.31 $ -
    11 $ 2,543.68 $ 3,512.12 $ 441,092.86
    12 $ 2,563.82 $ 3,491.99 $ 438,529.04

    Interest

    Principal

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