Interest-Only Loan Calculator

Borrower: [Lender Name]

[Address, City, ST ZIP] [Address, City, ST ZIP]
Phone: [Phone] Phone: [Phone]

Loan Information Summary

Loan Amount 250,000.00 Rate (per period) 0.500%
Annual Interest Rate 6.000% Number of Payments 360 This spreadsheet is for Personal Use Only.
To obtain a commercial license for lenders
Term of Loan (years) 30 Years to Pay Off 30 and businesses, please purchase the
First Payment Date 2/1/2018 Total Payments 543,094.84 commercial version of the Loan Amortization
Schedule.
Payment Frequency Monthly Total Interest 293,094.84
Compound Period Monthly Est. Interest Savings (3,499.37)
Interest-Only Period (years) 1 .
Payment Type End of Period .
Rounding On Yes

Traditional Loan Payment 1,498.88

Interest-Only Payment 1,250.00
Payment After IO Period 1,517.51

Amortization Schedule
Additional
No. Due Date Payment Interest Principal Balance
Payment
250,000.00
1 2/1/18 1,250.00 1,250.00 0.00 250,000.00
2 3/1/18 1,250.00 1,250.00 0.00 250,000.00 Semi-Annual
3 4/1/18 1,250.00 1,250.00 0.00 250,000.00
4 5/1/18 1,250.00 1,250.00 0.00 250,000.00
5 6/1/18 1,250.00 1,250.00 0.00 250,000.00
6 7/1/18 1,250.00 1,250.00 0.00 250,000.00 Semi-Monthly
7 8/1/18 1,250.00 1,250.00 0.00 250,000.00
8 9/1/18 1,250.00 1,250.00 0.00 250,000.00
9 10/1/18 1,250.00 1,250.00 0.00 250,000.00
10 11/1/18 1,250.00 1,250.00 0.00 250,000.00 Compound:
11 12/1/18 1,250.00 1,250.00 0.00 250,000.00
12 1/1/19 1,250.00 1,250.00 0.00 250,000.00
13 2/1/19 1,517.51 1,250.00 267.51 249,732.49
14 3/1/19 1,517.51 1,248.66 268.85 249,463.64
15 4/1/19 1,517.51 1,247.32 270.19 249,193.45
16 5/1/19 1,517.51 1,245.97 271.54 248,921.91
17 6/1/19 1,517.51 1,244.61 272.90 248,649.01
18 7/1/19 1,517.51 1,243.25 274.26 248,374.75
19 8/1/19 1,517.51 1,241.87 275.64 248,099.11
20 9/1/19 1,517.51 1,240.50 277.01 247,822.10
21 10/1/19 1,517.51 1,239.11 278.40 247,543.70
22 11/1/19 1,517.51 1,237.72 279.79 247,263.91
23 12/1/19 1,517.51 1,236.32 281.19 246,982.72
24 1/1/20 1,517.51 1,234.91 282.60 246,700.12
25 2/1/20 1,517.51 1,233.50 284.01 246,416.11
26 3/1/20 1,517.51 1,232.08 285.43 246,130.68
27 4/1/20 1,517.51 1,230.65 286.86 245,843.82
28 5/1/20 1,517.51 1,229.22 288.29 245,555.53
29 6/1/20 1,517.51 1,227.78 289.73 245,265.80
30 7/1/20 1,517.51 1,226.33 291.18 244,974.62
31 8/1/20 1,517.51 1,224.87 292.64 244,681.98
32 9/1/20 1,517.51 1,223.41 294.10 244,387.88
33 10/1/20 1,517.51 1,221.94 295.57 244,092.31
34 11/1/20 1,517.51 1,220.46 297.05 243,795.26
35 12/1/20 1,517.51 1,218.98 298.53 243,496.73
36 1/1/21 1,517.51 1,217.48 300.03 243,196.70
37 2/1/21 1,517.51 1,215.98 301.53 242,895.17
38 3/1/21 1,517.51 1,214.48 303.03 242,592.14
39 4/1/21 1,517.51 1,212.96 304.55 242,287.59
40 5/1/21 1,517.51 1,211.44 306.07 241,981.52
41 6/1/21 1,517.51 1,209.91 307.60 241,673.92
42 7/1/21 1,517.51 1,208.37 309.14 241,364.78
43 8/1/21 1,517.51 1,206.82 310.69 241,054.09
44 9/1/21 1,517.51 1,205.27 312.24 240,741.85
45 10/1/21 1,517.51 1,203.71 313.80 240,428.05
46 11/1/21 1,517.51 1,202.14 315.37 240,112.68
47 12/1/21 1,517.51 1,200.56 316.95 239,795.73
48 1/1/22 1,517.51 1,198.98 318.53 239,477.20
49 2/1/22 1,517.51 1,197.39 320.12 239,157.08
50 3/1/22 1,517.51 1,195.79 321.72 238,835.36
51 4/1/22 1,517.51 1,194.18 323.33 238,512.03
52 5/1/22 1,517.51 1,192.56 324.95 238,187.08
53 6/1/22 1,517.51 1,190.94 326.57 237,860.51
54 7/1/22 1,517.51 1,189.30 328.21 237,532.30

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 55 8/1/22 1,517.51 1,187.66 329.85 237,202.45
56 9/1/22 1,517.51 1,186.01 331.50 236,870.95
57 10/1/22 1,517.51 1,184.35 333.16 236,537.79
58 11/1/22 1,517.51 1,182.69 334.82 236,202.97
59 12/1/22 1,517.51 1,181.01 336.50 235,866.47
60 1/1/23 1,517.51 1,179.33 338.18 235,528.29
61 2/1/23 1,517.51 1,177.64 339.87 235,188.42
62 3/1/23 1,517.51 1,175.94 341.57 234,846.85
63 4/1/23 1,517.51 1,174.23 343.28 234,503.57
64 5/1/23 1,517.51 1,172.52 344.99 234,158.58
65 6/1/23 1,517.51 1,170.79 346.72 233,811.86
66 7/1/23 1,517.51 1,169.06 348.45 233,463.41
67 8/1/23 1,517.51 1,167.32 350.19 233,113.22
68 9/1/23 1,517.51 1,165.57 351.94 232,761.28
69 10/1/23 1,517.51 1,163.81 353.70 232,407.58
70 11/1/23 1,517.51 1,162.04 355.47 232,052.11
71 12/1/23 1,517.51 1,160.26 357.25 231,694.86
72 1/1/24 1,517.51 1,158.47 359.04 231,335.82
73 2/1/24 1,517.51 1,156.68 360.83 230,974.99
74 3/1/24 1,517.51 1,154.87 362.64 230,612.35
75 4/1/24 1,517.51 1,153.06 364.45 230,247.90
76 5/1/24 1,517.51 1,151.24 366.27 229,881.63
77 6/1/24 1,517.51 1,149.41 368.10 229,513.53
78 7/1/24 1,517.51 1,147.57 369.94 229,143.59
79 8/1/24 1,517.51 1,145.72 371.79 228,771.80
80 9/1/24 1,517.51 1,143.86 373.65 228,398.15
81 10/1/24 1,517.51 1,141.99 375.52 228,022.63
82 11/1/24 1,517.51 1,140.11 377.40 227,645.23
83 12/1/24 1,517.51 1,138.23 379.28 227,265.95
84 1/1/25 1,517.51 1,136.33 381.18 226,884.77
85 2/1/25 1,517.51 1,134.42 383.09 226,501.68
86 3/1/25 1,517.51 1,132.51 385.00 226,116.68
87 4/1/25 1,517.51 1,130.58 386.93 225,729.75
88 5/1/25 1,517.51 1,128.65 388.86 225,340.89
89 6/1/25 1,517.51 1,126.70 390.81 224,950.08
90 7/1/25 1,517.51 1,124.75 392.76 224,557.32
91 8/1/25 1,517.51 1,122.79 394.72 224,162.60
92 9/1/25 1,517.51 1,120.81 396.70 223,765.90
93 10/1/25 1,517.51 1,118.83 398.68 223,367.22
94 11/1/25 1,517.51 1,116.84 400.67 222,966.55
95 12/1/25 1,517.51 1,114.83 402.68 222,563.87
96 1/1/26 1,517.51 1,112.82 404.69 222,159.18
97 2/1/26 1,517.51 1,110.80 406.71 221,752.47
98 3/1/26 1,517.51 1,108.76 408.75 221,343.72
99 4/1/26 1,517.51 1,106.72 410.79 220,932.93
100 5/1/26 1,517.51 1,104.66 412.85 220,520.08
101 6/1/26 1,517.51 1,102.60 414.91 220,105.17
102 7/1/26 1,517.51 1,100.53 416.98 219,688.19
103 8/1/26 1,517.51 1,098.44 419.07 219,269.12
104 9/1/26 1,517.51 1,096.35 421.16 218,847.96
105 10/1/26 1,517.51 1,094.24 423.27 218,424.69
106 11/1/26 1,517.51 1,092.12 425.39 217,999.30
107 12/1/26 1,517.51 1,090.00 427.51 217,571.79
108 1/1/27 1,517.51 1,087.86 429.65 217,142.14
109 2/1/27 1,517.51 1,085.71 431.80 216,710.34
110 3/1/27 1,517.51 1,083.55 433.96 216,276.38
111 4/1/27 1,517.51 1,081.38 436.13 215,840.25
112 5/1/27 1,517.51 1,079.20 438.31 215,401.94
113 6/1/27 1,517.51 1,077.01 440.50 214,961.44
114 7/1/27 1,517.51 1,074.81 442.70 214,518.74
115 8/1/27 1,517.51 1,072.59 444.92 214,073.82
116 9/1/27 1,517.51 1,070.37 447.14 213,626.68
117 10/1/27 1,517.51 1,068.13 449.38 213,177.30
118 11/1/27 1,517.51 1,065.89 451.62 212,725.68
119 12/1/27 1,517.51 1,063.63 453.88 212,271.80
120 1/1/28 1,517.51 1,061.36 456.15 211,815.65
121 2/1/28 1,517.51 1,059.08 458.43 211,357.22
122 3/1/28 1,517.51 1,056.79 460.72 210,896.50
123 4/1/28 1,517.51 1,054.48 463.03 210,433.47
124 5/1/28 1,517.51 1,052.17 465.34 209,968.13
125 6/1/28 1,517.51 1,049.84 467.67 209,500.46
126 7/1/28 1,517.51 1,047.50 470.01 209,030.45
127 8/1/28 1,517.51 1,045.15 472.36 208,558.09
128 9/1/28 1,517.51 1,042.79 474.72 208,083.37
129 10/1/28 1,517.51 1,040.42 477.09 207,606.28
130 11/1/28 1,517.51 1,038.03 479.48 207,126.80
131 12/1/28 1,517.51 1,035.63 481.88 206,644.92
132 1/1/29 1,517.51 1,033.22 484.29 206,160.63
133 2/1/29 1,517.51 1,030.80 486.71 205,673.92
134 3/1/29 1,517.51 1,028.37 489.14 205,184.78
135 4/1/29 1,517.51 1,025.92 491.59 204,693.19
136 5/1/29 1,517.51 1,023.47 494.04 204,199.15
137 6/1/29 1,517.51 1,021.00 496.51 203,702.64
138 7/1/29 1,517.51 1,018.51 499.00 203,203.64
139 8/1/29 1,517.51 1,016.02 501.49 202,702.15

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 140 9/1/29 1,517.51 1,013.51 504.00 202,198.15
141 10/1/29 1,517.51 1,010.99 506.52 201,691.63
142 11/1/29 1,517.51 1,008.46 509.05 201,182.58
143 12/1/29 1,517.51 1,005.91 511.60 200,670.98
144 1/1/30 1,517.51 1,003.35 514.16 200,156.82
145 2/1/30 1,517.51 1,000.78 516.73 199,640.09
146 3/1/30 1,517.51 998.20 519.31 199,120.78
147 4/1/30 1,517.51 995.60 521.91 198,598.87
148 5/1/30 1,517.51 992.99 524.52 198,074.35
149 6/1/30 1,517.51 990.37 527.14 197,547.21
150 7/1/30 1,517.51 987.74 529.77 197,017.44
151 8/1/30 1,517.51 985.09 532.42 196,485.02
152 9/1/30 1,517.51 982.43 535.08 195,949.94
153 10/1/30 1,517.51 979.75 537.76 195,412.18
154 11/1/30 1,517.51 977.06 540.45 194,871.73
155 12/1/30 1,517.51 974.36 543.15 194,328.58
156 1/1/31 1,517.51 971.64 545.87 193,782.71
157 2/1/31 1,517.51 968.91 548.60 193,234.11
158 3/1/31 1,517.51 966.17 551.34 192,682.77
159 4/1/31 1,517.51 963.41 554.10 192,128.67
160 5/1/31 1,517.51 960.64 556.87 191,571.80
161 6/1/31 1,517.51 957.86 559.65 191,012.15
162 7/1/31 1,517.51 955.06 562.45 190,449.70
163 8/1/31 1,517.51 952.25 565.26 189,884.44
164 9/1/31 1,517.51 949.42 568.09 189,316.35
165 10/1/31 1,517.51 946.58 570.93 188,745.42
166 11/1/31 1,517.51 943.73 573.78 188,171.64
167 12/1/31 1,517.51 940.86 576.65 187,594.99
168 1/1/32 1,517.51 937.97 579.54 187,015.45
169 2/1/32 1,517.51 935.08 582.43 186,433.02
170 3/1/32 1,517.51 932.17 585.34 185,847.68
171 4/1/32 1,517.51 929.24 588.27 185,259.41
172 5/1/32 1,517.51 926.30 591.21 184,668.20
173 6/1/32 1,517.51 923.34 594.17 184,074.03
174 7/1/32 1,517.51 920.37 597.14 183,476.89
175 8/1/32 1,517.51 917.38 600.13 182,876.76
176 9/1/32 1,517.51 914.38 603.13 182,273.63
177 10/1/32 1,517.51 911.37 606.14 181,667.49
178 11/1/32 1,517.51 908.34 609.17 181,058.32
179 12/1/32 1,517.51 905.29 612.22 180,446.10
180 1/1/33 1,517.51 902.23 615.28 179,830.82
181 2/1/33 1,517.51 899.15 618.36 179,212.46
182 3/1/33 1,517.51 896.06 621.45 178,591.01
183 4/1/33 1,517.51 892.96 624.55 177,966.46
184 5/1/33 1,517.51 889.83 627.68 177,338.78
185 6/1/33 1,517.51 886.69 630.82 176,707.96
186 7/1/33 1,517.51 883.54 633.97 176,073.99
187 8/1/33 1,517.51 880.37 637.14 175,436.85
188 9/1/33 1,517.51 877.18 640.33 174,796.52
189 10/1/33 1,517.51 873.98 643.53 174,152.99
190 11/1/33 1,517.51 870.76 646.75 173,506.24
191 12/1/33 1,517.51 867.53 649.98 172,856.26
192 1/1/34 1,517.51 864.28 653.23 172,203.03
193 2/1/34 1,517.51 861.02 656.49 171,546.54
194 3/1/34 1,517.51 857.73 659.78 170,886.76
195 4/1/34 1,517.51 854.43 663.08 170,223.68
196 5/1/34 1,517.51 851.12 666.39 169,557.29
197 6/1/34 1,517.51 847.79 669.72 168,887.57
198 7/1/34 1,517.51 844.44 673.07 168,214.50
199 8/1/34 1,517.51 841.07 676.44 167,538.06
200 9/1/34 1,517.51 837.69 679.82 166,858.24
201 10/1/34 1,517.51 834.29 683.22 166,175.02
202 11/1/34 1,517.51 830.88 686.63 165,488.39
203 12/1/34 1,517.51 827.44 690.07 164,798.32
204 1/1/35 1,517.51 823.99 693.52 164,104.80
205 2/1/35 1,517.51 820.52 696.99 163,407.81
206 3/1/35 1,517.51 817.04 700.47 162,707.34
207 4/1/35 1,517.51 813.54 703.97 162,003.37
208 5/1/35 1,517.51 810.02 707.49 161,295.88
209 6/1/35 1,517.51 806.48 711.03 160,584.85
210 7/1/35 1,517.51 802.92 714.59 159,870.26
211 8/1/35 1,517.51 799.35 718.16 159,152.10
212 9/1/35 1,517.51 795.76 721.75 158,430.35
213 10/1/35 1,517.51 792.15 725.36 157,704.99
214 11/1/35 1,517.51 788.52 728.99 156,976.00
215 12/1/35 1,517.51 784.88 732.63 156,243.37
216 1/1/36 1,517.51 781.22 736.29 155,507.08
217 2/1/36 1,517.51 777.54 739.97 154,767.11
218 3/1/36 1,517.51 773.84 743.67 154,023.44
219 4/1/36 1,517.51 770.12 747.39 153,276.05
220 5/1/36 1,517.51 766.38 751.13 152,524.92
221 6/1/36 1,517.51 762.62 754.89 151,770.03
222 7/1/36 1,517.51 758.85 758.66 151,011.37
223 8/1/36 1,517.51 755.06 762.45 150,248.92
224 9/1/36 1,517.51 751.24 766.27 149,482.65

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 225 10/1/36 1,517.51 747.41 770.10 148,712.55
226 11/1/36 1,517.51 743.56 773.95 147,938.60
227 12/1/36 1,517.51 739.69 777.82 147,160.78
228 1/1/37 1,517.51 735.80 781.71 146,379.07
229 2/1/37 1,517.51 731.90 785.61 145,593.46
230 3/1/37 1,517.51 727.97 789.54 144,803.92
231 4/1/37 1,517.51 724.02 793.49 144,010.43
232 5/1/37 1,517.51 720.05 797.46 143,212.97
233 6/1/37 1,517.51 716.06 801.45 142,411.52
234 7/1/37 1,517.51 712.06 805.45 141,606.07
235 8/1/37 1,517.51 708.03 809.48 140,796.59
236 9/1/37 1,517.51 703.98 813.53 139,983.06
237 10/1/37 1,517.51 699.92 817.59 139,165.47
238 11/1/37 1,517.51 695.83 821.68 138,343.79
239 12/1/37 1,517.51 691.72 825.79 137,518.00
240 1/1/38 1,517.51 687.59 829.92 136,688.08
241 2/1/38 1,517.51 683.44 834.07 135,854.01
242 3/1/38 1,517.51 679.27 838.24 135,015.77
243 4/1/38 1,517.51 675.08 842.43 134,173.34
244 5/1/38 1,517.51 670.87 846.64 133,326.70
245 6/1/38 1,517.51 666.63 850.88 132,475.82
246 7/1/38 1,517.51 662.38 855.13 131,620.69
247 8/1/38 1,517.51 658.10 859.41 130,761.28
248 9/1/38 1,517.51 653.81 863.70 129,897.58
249 10/1/38 1,517.51 649.49 868.02 129,029.56
250 11/1/38 1,517.51 645.15 872.36 128,157.20
251 12/1/38 1,517.51 640.79 876.72 127,280.48
252 1/1/39 1,517.51 636.40 881.11 126,399.37
253 2/1/39 1,517.51 632.00 885.51 125,513.86
254 3/1/39 1,517.51 627.57 889.94 124,623.92
255 4/1/39 1,517.51 623.12 894.39 123,729.53
256 5/1/39 1,517.51 618.65 898.86 122,830.67
257 6/1/39 1,517.51 614.15 903.36 121,927.31
258 7/1/39 1,517.51 609.64 907.87 121,019.44
259 8/1/39 1,517.51 605.10 912.41 120,107.03
260 9/1/39 1,517.51 600.54 916.97 119,190.06
261 10/1/39 1,517.51 595.95 921.56 118,268.50
262 11/1/39 1,517.51 591.34 926.17 117,342.33
263 12/1/39 1,517.51 586.71 930.80 116,411.53
264 1/1/40 1,517.51 582.06 935.45 115,476.08
265 2/1/40 1,517.51 577.38 940.13 114,535.95
266 3/1/40 1,517.51 572.68 944.83 113,591.12
267 4/1/40 1,517.51 567.96 949.55 112,641.57
268 5/1/40 1,517.51 563.21 954.30 111,687.27
269 6/1/40 1,517.51 558.44 959.07 110,728.20
270 7/1/40 1,517.51 553.64 963.87 109,764.33
271 8/1/40 1,517.51 548.82 968.69 108,795.64
272 9/1/40 1,517.51 543.98 973.53 107,822.11
273 10/1/40 1,517.51 539.11 978.40 106,843.71
274 11/1/40 1,517.51 534.22 983.29 105,860.42
275 12/1/40 1,517.51 529.30 988.21 104,872.21
276 1/1/41 1,517.51 524.36 993.15 103,879.06
277 2/1/41 1,517.51 519.40 998.11 102,880.95
278 3/1/41 1,517.51 514.40 1,003.11 101,877.84
279 4/1/41 1,517.51 509.39 1,008.12 100,869.72
280 5/1/41 1,517.51 504.35 1,013.16 99,856.56
281 6/1/41 1,517.51 499.28 1,018.23 98,838.33
282 7/1/41 1,517.51 494.19 1,023.32 97,815.01
283 8/1/41 1,517.51 489.08 1,028.43 96,786.58
284 9/1/41 1,517.51 483.93 1,033.58 95,753.00
285 10/1/41 1,517.51 478.76 1,038.75 94,714.25
286 11/1/41 1,517.51 473.57 1,043.94 93,670.31
287 12/1/41 1,517.51 468.35 1,049.16 92,621.15
288 1/1/42 1,517.51 463.11 1,054.40 91,566.75
289 2/1/42 1,517.51 457.83 1,059.68 90,507.07
290 3/1/42 1,517.51 452.54 1,064.97 89,442.10
291 4/1/42 1,517.51 447.21 1,070.30 88,371.80
292 5/1/42 1,517.51 441.86 1,075.65 87,296.15
293 6/1/42 1,517.51 436.48 1,081.03 86,215.12
294 7/1/42 1,517.51 431.08 1,086.43 85,128.69
295 8/1/42 1,517.51 425.64 1,091.87 84,036.82
296 9/1/42 1,517.51 420.18 1,097.33 82,939.49
297 10/1/42 1,517.51 414.70 1,102.81 81,836.68
298 11/1/42 1,517.51 409.18 1,108.33 80,728.35
299 12/1/42 1,517.51 403.64 1,113.87 79,614.48
300 1/1/43 1,517.51 398.07 1,119.44 78,495.04
301 2/1/43 1,517.51 392.48 1,125.03 77,370.01
302 3/1/43 1,517.51 386.85 1,130.66 76,239.35
303 4/1/43 1,517.51 381.20 1,136.31 75,103.04
304 5/1/43 1,517.51 375.52 1,141.99 73,961.05
305 6/1/43 1,517.51 369.81 1,147.70 72,813.35
306 7/1/43 1,517.51 364.07 1,153.44 71,659.91
307 8/1/43 1,517.51 358.30 1,159.21 70,500.70
308 9/1/43 1,517.51 352.50 1,165.01 69,335.69
309 10/1/43 1,517.51 346.68 1,170.83 68,164.86

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 310 11/1/43 1,517.51 340.82 1,176.69 66,988.17
311 12/1/43 1,517.51 334.94 1,182.57 65,805.60
312 1/1/44 1,517.51 329.03 1,188.48 64,617.12
313 2/1/44 1,517.51 323.09 1,194.42 63,422.70
314 3/1/44 1,517.51 317.11 1,200.40 62,222.30
315 4/1/44 1,517.51 311.11 1,206.40 61,015.90
316 5/1/44 1,517.51 305.08 1,212.43 59,803.47
317 6/1/44 1,517.51 299.02 1,218.49 58,584.98
318 7/1/44 1,517.51 292.92 1,224.59 57,360.39
319 8/1/44 1,517.51 286.80 1,230.71 56,129.68
320 9/1/44 1,517.51 280.65 1,236.86 54,892.82
321 10/1/44 1,517.51 274.46 1,243.05 53,649.77
322 11/1/44 1,517.51 268.25 1,249.26 52,400.51
323 12/1/44 1,517.51 262.00 1,255.51 51,145.00
324 1/1/45 1,517.51 255.72 1,261.79 49,883.21
325 2/1/45 1,517.51 249.42 1,268.09 48,615.12
326 3/1/45 1,517.51 243.08 1,274.43 47,340.69
327 4/1/45 1,517.51 236.70 1,280.81 46,059.88
328 5/1/45 1,517.51 230.30 1,287.21 44,772.67
329 6/1/45 1,517.51 223.86 1,293.65 43,479.02
330 7/1/45 1,517.51 217.40 1,300.11 42,178.91
331 8/1/45 1,517.51 210.89 1,306.62 40,872.29
332 9/1/45 1,517.51 204.36 1,313.15 39,559.14
333 10/1/45 1,517.51 197.80 1,319.71 38,239.43
334 11/1/45 1,517.51 191.20 1,326.31 36,913.12
335 12/1/45 1,517.51 184.57 1,332.94 35,580.18
336 1/1/46 1,517.51 177.90 1,339.61 34,240.57
337 2/1/46 1,517.51 171.20 1,346.31 32,894.26
338 3/1/46 1,517.51 164.47 1,353.04 31,541.22
339 4/1/46 1,517.51 157.71 1,359.80 30,181.42
340 5/1/46 1,517.51 150.91 1,366.60 28,814.82
341 6/1/46 1,517.51 144.07 1,373.44 27,441.38
342 7/1/46 1,517.51 137.21 1,380.30 26,061.08
343 8/1/46 1,517.51 130.31 1,387.20 24,673.88
344 9/1/46 1,517.51 123.37 1,394.14 23,279.74
345 10/1/46 1,517.51 116.40 1,401.11 21,878.63
346 11/1/46 1,517.51 109.39 1,408.12 20,470.51
347 12/1/46 1,517.51 102.35 1,415.16 19,055.35
348 1/1/47 1,517.51 95.28 1,422.23 17,633.12
349 2/1/47 1,517.51 88.17 1,429.34 16,203.78
350 3/1/47 1,517.51 81.02 1,436.49 14,767.29
351 4/1/47 1,517.51 73.84 1,443.67 13,323.62
352 5/1/47 1,517.51 66.62 1,450.89 11,872.73
353 6/1/47 1,517.51 59.36 1,458.15 10,414.58
354 7/1/47 1,517.51 52.07 1,465.44 8,949.14
355 8/1/47 1,517.51 44.75 1,472.76 7,476.38
356 9/1/47 1,517.51 37.38 1,480.13 5,996.25
357 10/1/47 1,517.51 29.98 1,487.53 4,508.72
358 11/1/47 1,517.51 22.54 1,494.97 3,013.75
359 12/1/47 1,517.51 15.07 1,502.44 1,511.31
360 1/1/48 1,518.87 7.56 1,511.31 (0.00)

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HELP

Using This Template

This spreadsheet creates an amortization schedule for a fixed-rate loan, with optional
extra payments and an optional interest-only period. The payment after the interest-only
period
See theiscomments
calculated in
based
someon ofthe
theremaining balance
cells (marked andred
as little term.
triangles) for more
information.
Compound Period: By default, the compound period is set equal to the payment
frequency, but this can be changed if the loan is a US or Canadian mortgage for
example. Be
Payment careful
Type: Younotcantoselect
set the Compound
whether Period
payments shorter
are due atthan the Payment
the End or Beginning of
Frequency
the payment because
period. that will you
Unless result in negative
know you have amortization.
a reason to change this, keep it set to
End of Period.
Rounding: Values are rounded to the nearest cent if the option is set to Yes. The
rounding option is for comparison with other calculators that do not round the payment or
interest.
Estimated Keep it set to
Interest "Yes" unless
Savings: With anyouinterest-only
specifically loan,
want you
to turn off rounding.
normally end upEither
payingway,
the last payment is adjusted to bring the balance to zero.
more interest than with a traditional loan of the same rate and term. So, the "Est. Interest
Savings" value will normally be negative (in this calculator) unless you make extra
principal payments.