Excel

Excel Skills
Skills || Bond
Bond Calculator
Calculator Template
Template
About
About this
this template
template
Bond
Bond calculators
calculators are are sometimes
sometimes also also referred
referred to
to as
as home
home loanloan calculators
calculators or or mortgage
mortgage calculators.
calculators. TheThe aim
aim of
of this
this fre
fr
users
users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest savings t
to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest savings
instalments
instalments and and measure
measure the the sensitivity
sensitivity of
of bond
bond repayments
repayments to to changes
changes in in interest
interest rates.
rates. After
After using
using this
this templat
templa
understanding
understanding of of home
home loan
loan amortization
amortization andand specifically
specifically the the timing
timing of
of capital
capital repayments
repayments on on aa bond.
bond.
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tgage calculators.
rtgage calculators. The
The aim
aim of
of this
this free
free Excel
Excel template
template is
is to
to enable
enable
loan,
loan, calculate the interest savings that result from increased bond
calculate the interest savings that result from increased bond
erest
erest rates.
rates. After
After using
using this
this template,
template, you you will
will also
also gain
gain aa better
better
ments on
yments on aa bond.
bond.

ware
ware solutions
solutions than
than regular
regular Excel
Excel templates.
templates. Most
Most Excel
Excel templates
templates
eports
eports based
based onon limited
limited user
user input.
input. You
You also
also don't
don't need
need advanced
advanced
input
input and
and include
include comprehensive
comprehensive step
step by
by step
step instructions.
instructions.

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cash flow
flow projections,
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isit the
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Excel Skills | Bond Calculator Template
Instructions
www.excel-skills.com

Bond calculators are sometimes also referred to as home loan calculators or mortgage calculators. The aim of this free Excel
template is to enable users to calculate monthly bond repayments, determine the affordability of a home loan, calculate the interest
savings that result from increased bond instalments and measure the sensitivity of bond repayments to changes in interest rates.
After using this template, you will also gain a better understanding of home loan amortization and specifically the timing of capital
repayments on a bond.

The following sheets are included in this template:

BondCalculator Sheet

All the calculations in this template are based on the values that are entered in the input cells from cell B4 to B9 on the
BondCalculator sheet (except for the net disposable income calculation). Input guidance is displayed below the selected input cell.
We have also added data validation to all input cells to ensure that only valid user input is accepted.

Calculation Results:

The monthly bond repayment amount is calculated from the bond principle amount (cell B4), bond period (cell B6) and the annual
interest rate (cell B5).
The total interest paid over the entire bond period is the total amount of interest that will have to be paid over the entire bond period.

The total bond repayment over the bond period is the sum of all the monthly bond repayment amounts. This amount consists of all
interest charges and capital repayments.
The monthly net disposable Income is calculated on the NetDisposable sheet - refer to this sheet for more information on the
calculation.

The maximum bond qualification amount is calculated based on the net disposable income, annual interest rate and bond period. It
represents an estimate of the maximum bond amount that applicants can qualify for based on their combined monthly net
disposable income. There are a number of other factors that financial institutions will consider when determining the maximum bond
qualification amount - our calculation should therefore only be seen as an estimate which cannot be guaranteed.

The minimum required net disposable income is the minimum net disposable income that is required in order to qualify for the bond
principle amount that is entered in cell B4.
The interest rate safety percentage indicates the percentage by which interest rates have to increase before the monthly net
disposable income would not be sufficient to cover the required monthly bond repayments.
The increased instalment calculations in row 21 to 26 are based on the additional monthly bond repayment that is entered in cell
B7. The assumption is made that the entire additional bond repayments are deducted from the outstanding capital balance, thereby
resulting in a shorter bond repayment period. Note that the present value of the interest saving is calculated by discounting the
monthly interest savings by the average annual inflation rate over the entire bond period. It therefore represents the value of future
interest savings in today's monetary terms.
The interest rate sensitivity calculation measures the effect that changes in the bond interest rate have on monthly bond
repayments. The interest rate sensitivity percentage that is entered in cell B8 is used for this purpose.
The capital repayment chart is a visual display of the timing of capital repayments over the entire bond period.
The increased instalment interest saving chart is a visual display of the interest savings that result from effecting increased monthly
bond repayments.

NetDisposable Sheet

This sheet includes a detailed calculation of the monthly net disposable income. All values should be entered as positive values.
Refer to the guidance that has been included from row 38 downwards for more information on the input that is required in each
input cell.

AnnualAmort Sheet

This sheet includes an annual amortization table that is based on the bond input values that are entered in cell B4 to B6 on the
BondCalculator sheet. We recommend that you pay special attention to the outstanding capital percentage in column G as it
indicates how the capital will be repaid over the entire bond period. You'll notice that during the first few years of the bond
repayment period, the monthly bond repayments consist almost entirely of interest.

MonthAmort Sheet

This sheet includes a monthly amortization table that is based on the bond input values that are entered in cell B4 to B6 on the
BondCalculator sheet.

Help

If you experience any difficulty while using this template, please e-mail us at support@excel-skills.com for assistance.

Page 3 of 13
Bond Calculator
www.excel-skills.com Capital Repayment
1,200,000.00 Capital Repayment
Input Variables
Bond Amount 1,000,000.00
1,000,000.00
Annual Interest Rate 10.50%
Bond Period in Years 20 800,000.00
Additional Monthly Bond Repayment 2,000.00
Annual Interest Rate Sensitivity 11.0% 600,000.00
Average Annual Inflation Rate 6.0%
400,000.00
Calculation Results
Monthly Bond Repayment 9,983.80 200,000.00
Total Interest over Bond Period 1,396,111.73
Total Bond Repayment over Bond Period 2,396,111.73 Years-
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
Net Disposable Income 10,000
Maximum Bond Qualification Amount 1,001,622.74 Increased Instalment - Interest Saving Increased Instalment Amortization
Minimum Required Net Disposable Income 9,984 1,600,000.00
Interest Rate Safety 0.02%
1,400,000.00

Increased Instalment Repayment Amount 11,983.80 1,200,000.00

Total Adjusted Interest over Bond Period 801,855.66
1,000,000.00
Adjusted Bond Repayment Period (in months) 150.36
Adjusted Bond Repayment Period (in years) 12.53 800,000.00
Interest Saving 594,256.07
600,000.00
Present Value of Interest Saving 301,082.27
400,000.00
Monthly Bond Repayment @ 10.50% 9,983.80
200,000.00
Monthly Bond Repayment @ 11.0% 10,321.88
Monthly Difference 338.09 Years -
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

Page 4 of 13
 Net Disposable Income Calculation www.excel-skills.com
Remuneration Operational Expenses Financing Expenses
Gross Salary 10,000 1 Rent Paid - 18 Bond Repayments - 42
Subsidies Received - 2 Water, Electricity & Services - 19 Personal Loan Instalments - 43
Commission Received - 3 Rates & Taxes - 20 Financing - Motor Vehicles - 44
Total Allowances - 4 Repairs & Maintenance - 21 Financing - Computers - 45
Other - 5 Levies Paid - 22 Financing - Furniture - 46
Total Gross Remuneration 10,000 Telephone / Cell Phone / Internet - 23 Credit Card Repayments - 47
Deductions Insurance - Short Term - 24 Bank Charges - 48
Pension - 6 Insurance - Life - 25 Other - 49
Medical Aid - 7 Medical Costs - 26 Total Financing Expenses -
Retirement Annuity - 8 Investments - Retirement Annuities - 27
Income Tax (PAYE) - 9 Investments - Other - 28
Unemployment Fund (UIF) - 10 Donations - 29 On
On this
this sheet:
sheet:
Skills Development Levy (SDL) - 11 Education - 30 Simply
Simply enter
enter the
the appropriate
appropriate values
values inin the
the yellow
yellow
Other Deductions - 12 Fuel & Vehicle Maintenance - 31
input
input cells
cells in
in order
order to
to calculate
calculate your
your monthly
monthly net net
disposable
disposable income.
income. AllAll input
input values
values need
need toto be
be
Total Deductions - Television Rental - 32
entered
entered asas positive
positive values
values andand guidance
guidance on on the
the user
user
Net Remuneration 10,000 13 Memberships - 33 input
input that
that is
is required
required in in all
all the
the input
input cells
cells can
can be
be
Subscriptions - 34 found
found from
from row
row 38 38 downwards.
downwards.
Other Income Domestic Wages - 35
Dividend Income - 14 Gardening - 36
Rental Income - 15 Groceries - 37
Maintenance - 16 Clothing - 38
Monthly Pension - 17 Entertainment - 39
Total Other Income - Maintenance Payments - 40
Other - 41
Total Operational Expenses -

Net Disposable Income Calculation

Net Remuneration 10,000
Add: Other Income -
Less: Operational Expenses -
Less: Financing Expenses -
Net Disposable Income 10,000

Input Field Guidance

1 Enter the combined monthly gross household salaries
2 Enter total of all subsidies received as part of remuneration, e.g.. housing subsidy
3 Enter the average monthly commission received
4 Enter the total monthly allowances received as part of remuneration, e.g.. travel allowance, cell phone allowance, etc.
5 Enter the total of any other remuneration received
6 Enter the total monthly pension fund deductions
7 Enter the total monthly medical aid deductions
8 Enter the total monthly retirement annuity contributions
9 Enter the total monthly income tax deducted
10 Enter the total UIF deducted
11 Enter the total SDL deducted

Page 5 of 13
 Net Disposable Income Calculation www.excel-skills.com
12 Enter the total of all other deductions, e.g.. funeral plan
13 This amount represents the monthly combined net remuneration
14 Enter the average monthly dividend income
15 Enter the monthly average rental income received from existing buy to let properties
16 Enter monthly maintenance amount received from a previous spouse
17 Enter the total monthly pension received
18 Enter the total monthly rent paid. If a primary residence is being acquired and a property is currently being rented, the rent amount should be excluded from the calculation
19 Enter the monthly average for water, electricity and services paid to local government
20 Enter the monthly rates and taxes paid on properties owned
21 Enter the average monthly repairs and maintenance on existing properties
22 Enter the monthly levy payable to a body corporate for properties that form part of a complex
23 Enter the average monthly telephone, cell phone and internet expense
24 Enter the current monthly insurance premium
25 Enter the current monthly life insurance premium
26 Enter the average monthly medical costs that are not covered by a medical aid
27 Enter the total monthly premiums associated with retirement annuities
28 Enter the average monthly payments relating to other investments
29 Enter the average monthly donations amount
30 Enter the average monthly education cost, e.g.. school fees
31 Enter the average monthly vehicle fuel and maintenance costs
32 Enter the monthly subscription fee applicable to television / cable rentals
33 Enter the monthly average membership cost, e.g.. gym membership
34 Enter the total monthly subscription fees applicable to newspapers, magazines, etc.
35 Enter the total monthly domestic wages, e.g.. housekeeper wages, gardener wages, etc.
36 Enter the average monthly cost associated with gardening services / landscaping
37 Enter the average monthly grocery spend
38 Enter the average monthly clothing spend
39 Enter the average monthly cost associated with entertainment, take-outs and restaurants
40 Enter a monthly total for maintenance payments relating to estranged spouses and dependents
41 Enter total monthly cost of any other expense items that do not form part of any of the other categories
42 Enter a monthly total for existing bond repayments
43 Enter a monthly total for personal loan repayments
44 Enter a monthly total for motor finance repayments
45 Enter a monthly total for computer finance repayments
46 Enter a monthly total for furniture finance repayments
47 Enter a monthly total for credit card repayments
48 Enter the average monthly combined bank charges
49 Enter a total for any other financing payments that do not form part of the other financing cost categories

Note: If you're experiencing any difficulty in completing this spreadsheet, we recommend using our Personal Finance template to analyze your monthly household expenses.

Page 6 of 13
Annual Amortization Table
www.excel-skills.com
Opening Loan Interest Closing % Capital
Years Balance Repayment Charged Capital Repaid Balance Outstanding
1 1,000,000.00 119,805.59 104,266.28 15,539.30 984,460.70 98.4%
2 984,460.70 119,805.59 102,553.80 17,251.79 967,208.91 96.7%
3 967,208.91 119,805.59 100,652.59 19,152.99 948,055.92 94.8%
4 948,055.92 119,805.59 98,541.87 21,263.72 926,792.20 92.7%
5 926,792.20 119,805.59 96,198.53 23,607.05 903,185.14 90.3%
6 903,185.14 119,805.59 93,596.95 26,208.63 876,976.51 87.7%
7 876,976.51 119,805.59 90,708.67 29,096.91 847,879.60 84.8%
8 847,879.60 119,805.59 87,502.09 32,303.50 815,576.10 81.6%
9 815,576.10 119,805.59 83,942.13 35,863.45 779,712.65 78.0%
10 779,712.65 119,805.59 79,989.86 39,815.73 739,896.92 74.0%
11 739,896.92 119,805.59 75,602.03 44,203.56 695,693.36 69.6%
12 695,693.36 119,805.59 70,730.64 49,074.94 646,618.42 64.7%
13 646,618.42 119,805.59 65,322.41 54,483.17 592,135.25 59.2%
14 592,135.25 119,805.59 59,318.18 60,487.41 531,647.84 53.2%
15 531,647.84 119,805.59 52,652.26 67,153.33 464,494.52 46.4%
16 464,494.52 119,805.59 45,251.73 74,553.85 389,940.66 39.0%
17 389,940.66 119,805.59 37,035.64 82,769.95 307,170.72 30.7%
18 307,170.72 119,805.59 27,914.11 91,891.48 215,279.24 21.5%
19 215,279.24 119,805.59 17,787.35 102,018.24 113,261.00 11.3%
20 113,261.00 119,805.59 6,544.59 113,261.00 - 0.0%
21 - - - - - 0.0%
22 - - - - - 0.0%
23 - - - - - 0.0%
24 - - - - - 0.0%
25 - - - - - 0.0%
26 - - - - - 0.0%
27 - - - - - 0.0%
28 - - - - - 0.0%
29 - - - - - 0.0%
30 - - - - - 0.0%

Page 7 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
1 1,000,000.00 9,983.80 8,750.00 1,233.80 998,766.20 99.88%
2 998,766.20 9,983.80 8,739.20 1,244.59 997,521.61 99.75%
3 997,521.61 9,983.80 8,728.31 1,255.48 996,266.12 99.63%
4 996,266.12 9,983.80 8,717.33 1,266.47 994,999.65 99.50%
5 994,999.65 9,983.80 8,706.25 1,277.55 993,722.10 99.37%
6 993,722.10 9,983.80 8,695.07 1,288.73 992,433.37 99.24%
7 992,433.37 9,983.80 8,683.79 1,300.01 991,133.36 99.11%
8 991,133.36 9,983.80 8,672.42 1,311.38 989,821.98 98.98%
9 989,821.98 9,983.80 8,660.94 1,322.86 988,499.12 98.85%
10 988,499.12 9,983.80 8,649.37 1,334.43 987,164.69 98.72%
11 987,164.69 9,983.80 8,637.69 1,346.11 985,818.58 98.58%
12 985,818.58 9,983.80 8,625.91 1,357.89 984,460.70 98.45%
13 984,460.70 9,983.80 8,614.03 1,369.77 983,090.93 98.31%
14 983,090.93 9,983.80 8,602.05 1,381.75 981,709.18 98.17%
15 981,709.18 9,983.80 8,589.96 1,393.84 980,315.33 98.03%
16 980,315.33 9,983.80 8,577.76 1,406.04 978,909.29 97.89%
17 978,909.29 9,983.80 8,565.46 1,418.34 977,490.95 97.75%
18 977,490.95 9,983.80 8,553.05 1,430.75 976,060.20 97.61%
19 976,060.20 9,983.80 8,540.53 1,443.27 974,616.93 97.46%
20 974,616.93 9,983.80 8,527.90 1,455.90 973,161.03 97.32%
21 973,161.03 9,983.80 8,515.16 1,468.64 971,692.39 97.17%
22 971,692.39 9,983.80 8,502.31 1,481.49 970,210.89 97.02%
23 970,210.89 9,983.80 8,489.35 1,494.45 968,716.44 96.87%
24 968,716.44 9,983.80 8,476.27 1,507.53 967,208.91 96.72%
25 967,208.91 9,983.80 8,463.08 1,520.72 965,688.19 96.57%
26 965,688.19 9,983.80 8,449.77 1,534.03 964,154.16 96.42%
27 964,154.16 9,983.80 8,436.35 1,547.45 962,606.71 96.26%
28 962,606.71 9,983.80 8,422.81 1,560.99 961,045.72 96.10%
29 961,045.72 9,983.80 8,409.15 1,574.65 959,471.07 95.95%
30 959,471.07 9,983.80 8,395.37 1,588.43 957,882.65 95.79%
31 957,882.65 9,983.80 8,381.47 1,602.33 956,280.32 95.63%
32 956,280.32 9,983.80 8,367.45 1,616.35 954,663.98 95.47%
33 954,663.98 9,983.80 8,353.31 1,630.49 953,033.49 95.30%
34 953,033.49 9,983.80 8,339.04 1,644.76 951,388.73 95.14%
35 951,388.73 9,983.80 8,324.65 1,659.15 949,729.58 94.97%
36 949,729.58 9,983.80 8,310.13 1,673.67 948,055.92 94.81%
37 948,055.92 9,983.80 8,295.49 1,688.31 946,367.61 94.64%
38 946,367.61 9,983.80 8,280.72 1,703.08 944,664.53 94.47%
39 944,664.53 9,983.80 8,265.81 1,717.98 942,946.54 94.29%
40 942,946.54 9,983.80 8,250.78 1,733.02 941,213.53 94.12%
41 941,213.53 9,983.80 8,235.62 1,748.18 939,465.34 93.95%
42 939,465.34 9,983.80 8,220.32 1,763.48 937,701.87 93.77%
43 937,701.87 9,983.80 8,204.89 1,778.91 935,922.96 93.59%
44 935,922.96 9,983.80 8,189.33 1,794.47 934,128.49 93.41%
45 934,128.49 9,983.80 8,173.62 1,810.17 932,318.31 93.23%
46 932,318.31 9,983.80 8,157.79 1,826.01 930,492.30 93.05%
47 930,492.30 9,983.80 8,141.81 1,841.99 928,650.31 92.87%
48 928,650.31 9,983.80 8,125.69 1,858.11 926,792.20 92.68%
49 926,792.20 9,983.80 8,109.43 1,874.37 924,917.83 92.49%
50 924,917.83 9,983.80 8,093.03 1,890.77 923,027.06 92.30%
51 923,027.06 9,983.80 8,076.49 1,907.31 921,119.75 92.11%
52 921,119.75 9,983.80 8,059.80 1,924.00 919,195.75 91.92%
53 919,195.75 9,983.80 8,042.96 1,940.84 917,254.91 91.73%
54 917,254.91 9,983.80 8,025.98 1,957.82 915,297.10 91.53%
55 915,297.10 9,983.80 8,008.85 1,974.95 913,322.15 91.33%
56 913,322.15 9,983.80 7,991.57 1,992.23 911,329.92 91.13%
57 911,329.92 9,983.80 7,974.14 2,009.66 909,320.26 90.93%
58 909,320.26 9,983.80 7,956.55 2,027.25 907,293.01 90.73%
59 907,293.01 9,983.80 7,938.81 2,044.99 905,248.02 90.52%
60 905,248.02 9,983.80 7,920.92 2,062.88 903,185.14 90.32%
61 903,185.14 9,983.80 7,902.87 2,080.93 901,104.22 90.11%

Page 8 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
62 901,104.22 9,983.80 7,884.66 2,099.14 899,005.08 89.90%
63 899,005.08 9,983.80 7,866.29 2,117.50 896,887.57 89.69%
64 896,887.57 9,983.80 7,847.77 2,136.03 894,751.54 89.48%
65 894,751.54 9,983.80 7,829.08 2,154.72 892,596.82 89.26%
66 892,596.82 9,983.80 7,810.22 2,173.58 890,423.24 89.04%
67 890,423.24 9,983.80 7,791.20 2,192.60 888,230.65 88.82%
68 888,230.65 9,983.80 7,772.02 2,211.78 886,018.87 88.60%
69 886,018.87 9,983.80 7,752.67 2,231.13 883,787.73 88.38%
70 883,787.73 9,983.80 7,733.14 2,250.66 881,537.08 88.15%
71 881,537.08 9,983.80 7,713.45 2,270.35 879,266.73 87.93%
72 879,266.73 9,983.80 7,693.58 2,290.22 876,976.51 87.70%
73 876,976.51 9,983.80 7,673.54 2,310.25 874,666.26 87.47%
74 874,666.26 9,983.80 7,653.33 2,330.47 872,335.79 87.23%
75 872,335.79 9,983.80 7,632.94 2,350.86 869,984.93 87.00%
76 869,984.93 9,983.80 7,612.37 2,371.43 867,613.50 86.76%
77 867,613.50 9,983.80 7,591.62 2,392.18 865,221.32 86.52%
78 865,221.32 9,983.80 7,570.69 2,413.11 862,808.20 86.28%
79 862,808.20 9,983.80 7,549.57 2,434.23 860,373.98 86.04%
80 860,373.98 9,983.80 7,528.27 2,455.53 857,918.45 85.79%
81 857,918.45 9,983.80 7,506.79 2,477.01 855,441.44 85.54%
82 855,441.44 9,983.80 7,485.11 2,498.69 852,942.75 85.29%
83 852,942.75 9,983.80 7,463.25 2,520.55 850,422.20 85.04%
84 850,422.20 9,983.80 7,441.19 2,542.60 847,879.60 84.79%
85 847,879.60 9,983.80 7,418.95 2,564.85 845,314.74 84.53%
86 845,314.74 9,983.80 7,396.50 2,587.29 842,727.45 84.27%
87 842,727.45 9,983.80 7,373.87 2,609.93 840,117.52 84.01%
88 840,117.52 9,983.80 7,351.03 2,632.77 837,484.75 83.75%
89 837,484.75 9,983.80 7,327.99 2,655.81 834,828.94 83.48%
90 834,828.94 9,983.80 7,304.75 2,679.05 832,149.89 83.21%
91 832,149.89 9,983.80 7,281.31 2,702.49 829,447.40 82.94%
92 829,447.40 9,983.80 7,257.66 2,726.13 826,721.27 82.67%
93 826,721.27 9,983.80 7,233.81 2,749.99 823,971.28 82.40%
94 823,971.28 9,983.80 7,209.75 2,774.05 821,197.23 82.12%
95 821,197.23 9,983.80 7,185.48 2,798.32 818,398.91 81.84%
96 818,398.91 9,983.80 7,160.99 2,822.81 815,576.10 81.56%
97 815,576.10 9,983.80 7,136.29 2,847.51 812,728.59 81.27%
98 812,728.59 9,983.80 7,111.38 2,872.42 809,856.17 80.99%
99 809,856.17 9,983.80 7,086.24 2,897.56 806,958.61 80.70%
100 806,958.61 9,983.80 7,060.89 2,922.91 804,035.70 80.40%
101 804,035.70 9,983.80 7,035.31 2,948.49 801,087.21 80.11%
102 801,087.21 9,983.80 7,009.51 2,974.29 798,112.93 79.81%
103 798,112.93 9,983.80 6,983.49 3,000.31 795,112.62 79.51%
104 795,112.62 9,983.80 6,957.24 3,026.56 792,086.05 79.21%
105 792,086.05 9,983.80 6,930.75 3,053.05 789,033.01 78.90%
106 789,033.01 9,983.80 6,904.04 3,079.76 785,953.25 78.60%
107 785,953.25 9,983.80 6,877.09 3,106.71 782,846.54 78.28%
108 782,846.54 9,983.80 6,849.91 3,133.89 779,712.65 77.97%
109 779,712.65 9,983.80 6,822.49 3,161.31 776,551.34 77.66%
110 776,551.34 9,983.80 6,794.82 3,188.97 773,362.36 77.34%
111 773,362.36 9,983.80 6,766.92 3,216.88 770,145.48 77.01%
112 770,145.48 9,983.80 6,738.77 3,245.03 766,900.46 76.69%
113 766,900.46 9,983.80 6,710.38 3,273.42 763,627.04 76.36%
114 763,627.04 9,983.80 6,681.74 3,302.06 760,324.98 76.03%
115 760,324.98 9,983.80 6,652.84 3,330.96 756,994.02 75.70%
116 756,994.02 9,983.80 6,623.70 3,360.10 753,633.92 75.36%
117 753,633.92 9,983.80 6,594.30 3,389.50 750,244.42 75.02%
118 750,244.42 9,983.80 6,564.64 3,419.16 746,825.26 74.68%
119 746,825.26 9,983.80 6,534.72 3,449.08 743,376.18 74.34%
120 743,376.18 9,983.80 6,504.54 3,479.26 739,896.92 73.99%
121 739,896.92 9,983.80 6,474.10 3,509.70 736,387.22 73.64%
122 736,387.22 9,983.80 6,443.39 3,540.41 732,846.81 73.28%

Page 9 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
123 732,846.81 9,983.80 6,412.41 3,571.39 729,275.42 72.93%
124 729,275.42 9,983.80 6,381.16 3,602.64 725,672.78 72.57%
125 725,672.78 9,983.80 6,349.64 3,634.16 722,038.62 72.20%
126 722,038.62 9,983.80 6,317.84 3,665.96 718,372.66 71.84%
127 718,372.66 9,983.80 6,285.76 3,698.04 714,674.62 71.47%
128 714,674.62 9,983.80 6,253.40 3,730.40 710,944.22 71.09%
129 710,944.22 9,983.80 6,220.76 3,763.04 707,181.19 70.72%
130 707,181.19 9,983.80 6,187.84 3,795.96 703,385.22 70.34%
131 703,385.22 9,983.80 6,154.62 3,829.18 699,556.05 69.96%
132 699,556.05 9,983.80 6,121.12 3,862.68 695,693.36 69.57%
133 695,693.36 9,983.80 6,087.32 3,896.48 691,796.88 69.18%
134 691,796.88 9,983.80 6,053.22 3,930.58 687,866.30 68.79%
135 687,866.30 9,983.80 6,018.83 3,964.97 683,901.34 68.39%
136 683,901.34 9,983.80 5,984.14 3,999.66 679,901.67 67.99%
137 679,901.67 9,983.80 5,949.14 4,034.66 675,867.01 67.59%
138 675,867.01 9,983.80 5,913.84 4,069.96 671,797.05 67.18%
139 671,797.05 9,983.80 5,878.22 4,105.57 667,691.48 66.77%
140 667,691.48 9,983.80 5,842.30 4,141.50 663,549.98 66.35%
141 663,549.98 9,983.80 5,806.06 4,177.74 659,372.24 65.94%
142 659,372.24 9,983.80 5,769.51 4,214.29 655,157.95 65.52%
143 655,157.95 9,983.80 5,732.63 4,251.17 650,906.78 65.09%
144 650,906.78 9,983.80 5,695.43 4,288.36 646,618.42 64.66%
145 646,618.42 9,983.80 5,657.91 4,325.89 642,292.53 64.23%
146 642,292.53 9,983.80 5,620.06 4,363.74 637,928.79 63.79%
147 637,928.79 9,983.80 5,581.88 4,401.92 633,526.87 63.35%
148 633,526.87 9,983.80 5,543.36 4,440.44 629,086.43 62.91%
149 629,086.43 9,983.80 5,504.51 4,479.29 624,607.14 62.46%
150 624,607.14 9,983.80 5,465.31 4,518.49 620,088.65 62.01%
151 620,088.65 9,983.80 5,425.78 4,558.02 615,530.63 61.55%
152 615,530.63 9,983.80 5,385.89 4,597.91 610,932.72 61.09%
153 610,932.72 9,983.80 5,345.66 4,638.14 606,294.59 60.63%
154 606,294.59 9,983.80 5,305.08 4,678.72 601,615.86 60.16%
155 601,615.86 9,983.80 5,264.14 4,719.66 596,896.20 59.69%
156 596,896.20 9,983.80 5,222.84 4,760.96 592,135.25 59.21%
157 592,135.25 9,983.80 5,181.18 4,802.62 587,332.63 58.73%
158 587,332.63 9,983.80 5,139.16 4,844.64 582,487.99 58.25%
159 582,487.99 9,983.80 5,096.77 4,887.03 577,600.96 57.76%
160 577,600.96 9,983.80 5,054.01 4,929.79 572,671.17 57.27%
161 572,671.17 9,983.80 5,010.87 4,972.93 567,698.25 56.77%
162 567,698.25 9,983.80 4,967.36 5,016.44 562,681.81 56.27%
163 562,681.81 9,983.80 4,923.47 5,060.33 557,621.48 55.76%
164 557,621.48 9,983.80 4,879.19 5,104.61 552,516.87 55.25%
165 552,516.87 9,983.80 4,834.52 5,149.28 547,367.59 54.74%
166 547,367.59 9,983.80 4,789.47 5,194.33 542,173.26 54.22%
167 542,173.26 9,983.80 4,744.02 5,239.78 536,933.47 53.69%
168 536,933.47 9,983.80 4,698.17 5,285.63 531,647.84 53.16%
169 531,647.84 9,983.80 4,651.92 5,331.88 526,315.96 52.63%
170 526,315.96 9,983.80 4,605.26 5,378.53 520,937.43 52.09%
171 520,937.43 9,983.80 4,558.20 5,425.60 515,511.83 51.55%
172 515,511.83 9,983.80 4,510.73 5,473.07 510,038.76 51.00%
173 510,038.76 9,983.80 4,462.84 5,520.96 504,517.80 50.45%
174 504,517.80 9,983.80 4,414.53 5,569.27 498,948.53 49.89%
175 498,948.53 9,983.80 4,365.80 5,618.00 493,330.53 49.33%
176 493,330.53 9,983.80 4,316.64 5,667.16 487,663.38 48.77%
177 487,663.38 9,983.80 4,267.05 5,716.74 481,946.63 48.19%
178 481,946.63 9,983.80 4,217.03 5,766.77 476,179.87 47.62%
179 476,179.87 9,983.80 4,166.57 5,817.23 470,362.64 47.04%
180 470,362.64 9,983.80 4,115.67 5,868.13 464,494.52 46.45%
181 464,494.52 9,983.80 4,064.33 5,919.47 458,575.04 45.86%
182 458,575.04 9,983.80 4,012.53 5,971.27 452,603.78 45.26%
183 452,603.78 9,983.80 3,960.28 6,023.52 446,580.26 44.66%

Page 10 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
184 446,580.26 9,983.80 3,907.58 6,076.22 440,504.04 44.05%
185 440,504.04 9,983.80 3,854.41 6,129.39 434,374.65 43.44%
186 434,374.65 9,983.80 3,800.78 6,183.02 428,191.63 42.82%
187 428,191.63 9,983.80 3,746.68 6,237.12 421,954.51 42.20%
188 421,954.51 9,983.80 3,692.10 6,291.70 415,662.81 41.57%
189 415,662.81 9,983.80 3,637.05 6,346.75 409,316.06 40.93%
190 409,316.06 9,983.80 3,581.52 6,402.28 402,913.78 40.29%
191 402,913.78 9,983.80 3,525.50 6,458.30 396,455.48 39.65%
192 396,455.48 9,983.80 3,468.99 6,514.81 389,940.66 38.99%
193 389,940.66 9,983.80 3,411.98 6,571.82 383,368.84 38.34%
194 383,368.84 9,983.80 3,354.48 6,629.32 376,739.52 37.67%
195 376,739.52 9,983.80 3,296.47 6,687.33 370,052.20 37.01%
196 370,052.20 9,983.80 3,237.96 6,745.84 363,306.35 36.33%
197 363,306.35 9,983.80 3,178.93 6,804.87 356,501.48 35.65%
198 356,501.48 9,983.80 3,119.39 6,864.41 349,637.07 34.96%
199 349,637.07 9,983.80 3,059.32 6,924.47 342,712.60 34.27%
200 342,712.60 9,983.80 2,998.74 6,985.06 335,727.54 33.57%
201 335,727.54 9,983.80 2,937.62 7,046.18 328,681.35 32.87%
202 328,681.35 9,983.80 2,875.96 7,107.84 321,573.52 32.16%
203 321,573.52 9,983.80 2,813.77 7,170.03 314,403.49 31.44%
204 314,403.49 9,983.80 2,751.03 7,232.77 307,170.72 30.72%
205 307,170.72 9,983.80 2,687.74 7,296.06 299,874.66 29.99%
206 299,874.66 9,983.80 2,623.90 7,359.90 292,514.77 29.25%
207 292,514.77 9,983.80 2,559.50 7,424.29 285,090.47 28.51%
208 285,090.47 9,983.80 2,494.54 7,489.26 277,601.21 27.76%
209 277,601.21 9,983.80 2,429.01 7,554.79 270,046.43 27.00%
210 270,046.43 9,983.80 2,362.91 7,620.89 262,425.53 26.24%
211 262,425.53 9,983.80 2,296.22 7,687.58 254,737.96 25.47%
212 254,737.96 9,983.80 2,228.96 7,754.84 246,983.12 24.70%
213 246,983.12 9,983.80 2,161.10 7,822.70 239,160.42 23.92%
214 239,160.42 9,983.80 2,092.65 7,891.15 231,269.27 23.13%
215 231,269.27 9,983.80 2,023.61 7,960.19 223,309.08 22.33%
216 223,309.08 9,983.80 1,953.95 8,029.84 215,279.24 21.53%
217 215,279.24 9,983.80 1,883.69 8,100.11 207,179.13 20.72%
218 207,179.13 9,983.80 1,812.82 8,170.98 199,008.15 19.90%
219 199,008.15 9,983.80 1,741.32 8,242.48 190,765.67 19.08%
220 190,765.67 9,983.80 1,669.20 8,314.60 182,451.07 18.25%
221 182,451.07 9,983.80 1,596.45 8,387.35 174,063.72 17.41%
222 174,063.72 9,983.80 1,523.06 8,460.74 165,602.98 16.56%
223 165,602.98 9,983.80 1,449.03 8,534.77 157,068.21 15.71%
224 157,068.21 9,983.80 1,374.35 8,609.45 148,458.76 14.85%
225 148,458.76 9,983.80 1,299.01 8,684.78 139,773.97 13.98%
226 139,773.97 9,983.80 1,223.02 8,760.78 131,013.19 13.10%
227 131,013.19 9,983.80 1,146.37 8,837.43 122,175.76 12.22%
228 122,175.76 9,983.80 1,069.04 8,914.76 113,261.00 11.33%
229 113,261.00 9,983.80 991.03 8,992.77 104,268.23 10.43%
230 104,268.23 9,983.80 912.35 9,071.45 95,196.78 9.52%
231 95,196.78 9,983.80 832.97 9,150.83 86,045.96 8.60%
232 86,045.96 9,983.80 752.90 9,230.90 76,815.06 7.68%
233 76,815.06 9,983.80 672.13 9,311.67 67,503.39 6.75%
234 67,503.39 9,983.80 590.65 9,393.14 58,110.25 5.81%
235 58,110.25 9,983.80 508.46 9,475.33 48,634.91 4.86%
236 48,634.91 9,983.80 425.56 9,558.24 39,076.67 3.91%
237 39,076.67 9,983.80 341.92 9,641.88 29,434.79 2.94%
238 29,434.79 9,983.80 257.55 9,726.24 19,708.55 1.97%
239 19,708.55 9,983.80 172.45 9,811.35 9,897.20 0.99%
240 9,897.20 9,983.80 86.60 9,897.20 - 0.00%
241 - - - - - 0.00%
242 - - - - - 0.00%
243 - - - - - 0.00%
244 - - - - - 0.00%

Page 11 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
245 - - - - - 0.00%
246 - - - - - 0.00%
247 - - - - - 0.00%
248 - - - - - 0.00%
249 - - - - - 0.00%
250 - - - - - 0.00%
251 - - - - - 0.00%
252 - - - - - 0.00%
253 - - - - - 0.00%
254 - - - - - 0.00%
255 - - - - - 0.00%
256 - - - - - 0.00%
257 - - - - - 0.00%
258 - - - - - 0.00%
259 - - - - - 0.00%
260 - - - - - 0.00%
261 - - - - - 0.00%
262 - - - - - 0.00%
263 - - - - - 0.00%
264 - - - - - 0.00%
265 - - - - - 0.00%
266 - - - - - 0.00%
267 - - - - - 0.00%
268 - - - - - 0.00%
269 - - - - - 0.00%
270 - - - - - 0.00%
271 - - - - - 0.00%
272 - - - - - 0.00%
273 - - - - - 0.00%
274 - - - - - 0.00%
275 - - - - - 0.00%
276 - - - - - 0.00%
277 - - - - - 0.00%
278 - - - - - 0.00%
279 - - - - - 0.00%
280 - - - - - 0.00%
281 - - - - - 0.00%
282 - - - - - 0.00%
283 - - - - - 0.00%
284 - - - - - 0.00%
285 - - - - - 0.00%
286 - - - - - 0.00%
287 - - - - - 0.00%
288 - - - - - 0.00%
289 - - - - - 0.00%
290 - - - - - 0.00%
291 - - - - - 0.00%
292 - - - - - 0.00%
293 - - - - - 0.00%
294 - - - - - 0.00%
295 - - - - - 0.00%
296 - - - - - 0.00%
297 - - - - - 0.00%
298 - - - - - 0.00%
299 - - - - - 0.00%
300 - - - - - 0.00%
301 - - - - - 0.00%
302 - - - - - 0.00%
303 - - - - - 0.00%
304 - - - - - 0.00%
305 - - - - - 0.00%

Page 12 of 13
Monthly Amortization Table
www.excel-skills.com
Repayment Opening Loan Interest Closing % Capital
Number Balance Repayment Charged Capital Repaid Balance Outstanding
306 - - - - - 0.00%
307 - - - - - 0.00%
308 - - - - - 0.00%
309 - - - - - 0.00%
310 - - - - - 0.00%
311 - - - - - 0.00%
312 - - - - - 0.00%
313 - - - - - 0.00%
314 - - - - - 0.00%
315 - - - - - 0.00%
316 - - - - - 0.00%
317 - - - - - 0.00%
318 - - - - - 0.00%
319 - - - - - 0.00%
320 - - - - - 0.00%
321 - - - - - 0.00%
322 - - - - - 0.00%
323 - - - - - 0.00%
324 - - - - - 0.00%
325 - - - - - 0.00%
326 - - - - - 0.00%
327 - - - - - 0.00%
328 - - - - - 0.00%
329 - - - - - 0.00%
330 - - - - - 0.00%
331 - - - - - 0.00%
332 - - - - - 0.00%
333 - - - - - 0.00%
334 - - - - - 0.00%
335 - - - - - 0.00%
336 - - - - - 0.00%
337 - - - - - 0.00%
338 - - - - - 0.00%
339 - - - - - 0.00%
340 - - - - - 0.00%
341 - - - - - 0.00%
342 - - - - - 0.00%
343 - - - - - 0.00%
344 - - - - - 0.00%
345 - - - - - 0.00%
346 - - - - - 0.00%
347 - - - - - 0.00%
348 - - - - - 0.00%
349 - - - - - 0.00%
350 - - - - - 0.00%
351 - - - - - 0.00%
352 - - - - - 0.00%
353 - - - - - 0.00%
354 - - - - - 0.00%
355 - - - - - 0.00%
356 - - - - - 0.00%
357 - - - - - 0.00%
358 - - - - - 0.00%
359 - - - - - 0.00%
360 - - - - - 0.00%
1,396,111.73

Page 13 of 13