Loan Calculation Sample

Excel
Excel Skills
Skills || Loan
Loan Calculation
Calculation &
& Analysis
Analysis Template
Template
About
About this
this template
template
This
This comprehensive
comprehensive loan
loan calculation
calculation template
template enables
enables users
users to
to analyze
analyze loans
loans that
that are
are repaid
repaid on
on aa monthly
monthly basis
basis
calculations.
The
template
has
been
designed
specifically
for
the
analysis
of
loans
that
are
subject
to
variable
calculations. The template has been designed specifically for the analysis of loans that are subject to variable interest
interest
ad
ad hoc
hoc loan
loan repayments
repayments that
that fall
fall outside
outside the
the scope
scope of
of standard
standard amortization
amortization tables.
tables. Interest
Interest calculations
calculations are
are based
based oo
(same
(same calculation
calculation basis
basis as
as used
used by
by most
most financial
financial institutions)
institutions) and
and an
an unlimited
unlimited number
number of
of interest
interest rate
rate changes
changes ca
c
transactions
transactions need
need to
to be
be recorded
recorded by
by the
the user
user and
and aa comprehensive
comprehensive loan
loan account
account statement
statement is
is automatically
automatically calculated.
calculated.
calculated
calculated for
for the
the remaining
remaining loan
loan repayment
repayment period
period in
in order
order to
to create
create an
an overall
overall loan
loan account
account analysis
analysis over
over the
the entire
entire loa
loa
is
the
ideal
solution
for
analyzing
home
loans
or
creating
monthly
loan
statements
for
informal
loans.
is the ideal solution for analyzing home loans or creating monthly loan statements for informal loans.
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About
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sample file
file
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This Excel
Excel document
document is
is only
only aa sample
sample of
of the
the loan
loan calculation
calculation && analysis
analysis template.
template. Weve
Weve created
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and
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that
that are
are repaid
repaid on
on aa monthly
monthly basis
basis and
and subject
subject to
to daily
daily interest
interest
that
are
subject
to
variable
interest
rates
and
also
accommodates
s that are subject to variable interest rates and also accommodates
es.
es. Interest
Interest calculations
calculations are
are based
based on
on daily
daily loan
loan account
account balances
balances
number
number of
of interest
interest rate
rate changes
changes can
can be
be recorded.
recorded. Loan
Loan account
account
tatement is
statement
is automatically
automatically calculated.
calculated. Loan
Loan repayment
repayment forecasts
forecasts are
are
nn account
account analysis
analysis over
over the
the entire
entire loan
loan period.
period. This
This unique
unique template
template
or
or informal
informal loans.
loans.
ware
ware solutions
solutions than
than regular
regular Excel
Excel templates.
templates. Most
Most Excel
Excel templates
templates
eports
eports based
based on
on 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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Excel Skills | Loan Calculation & Analysis Template

Instructions
www.excel-skills.com
This template enables users to calculate, analyze and forecast the monthly loan balances and interest charges relating to
any loan that is subject to monthly repayment and daily interest calculations. The template was specifically designed for
home loan calculations but can be used for any loan where the principles of monthly repayment and daily interest are
applied.
On
Onthis
thissheet:
sheet:
This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.
The main purpose of this template is to calculate loan balances and interest amounts based on the same calculation
methodology that is applied by most financial institutions. This template can therefore be used to recalculate the amounts
on the loan account statements that are received from financial institutions. The template accommodates multiple interest
rate changes (variable interest rates), increased instalments and ad hoc loan repayments. In addition, the template also
includes comprehensive forecast features which provide users with the functionality to analyze any loan over the entire
loan period.
Note: Refer to our Loan Statement template for a simplified version of this template. The Loan Statement template only
includes the statement and summary features of this template and is therefore a lot simpler to understand and use. If you
are only interested in loan amortization calculations, we recommend that you download our free Loan Amortization
template.
Worksheet Summary
The main purpose of each worksheet is as follows:
TransCode - includes the default transaction types that need to be selected when entering loan account transactions.
Additional transaction types can also be added to the default list of transactions codes.
Statement - all loan account transactions should be recorded on this sheet. All the interest and loan account balance
calculations in this template are based on the transactions that are recorded on this sheet. Note that the Statement sheet
includes 12 columns but only four of these columns require user input (the columns with the yellow column headings).
Summary - includes a monthly summary of loan account transactions that is calculated from the Statement sheet. No user
input is required on this sheet.
Review - includes a comprehensive analysis of loan account balances and interest charges over the entire loan period.
Loan account transaction totals are compared to an initial loan amortization calculation and a forecast of the remaining
loan repayment period is added to the transaction totals and then also compared to the initial loan amortization schedule.
The loan repayment forecast is based on a standard amortization calculation that is applied to the outstanding loan
balance on a user defined review date as well as a loan amortization forecast that accommodates ad hoc loan
repayments. This sheet can be used to calculate the outstanding loan balance and cumulative interest charges at the end
of any month that falls within the loan period. User input is limited to selecting the appropriate loan review date.
InitialAmort - includes an initial loan amortization calculation that is based on the principle loan amount, interest rate, loan
period and repayment commencement date that is specified in cells D3 to D6. All the calculations on this sheet are
automated.
ForecastPmt - all forecasted ad hoc loan repayments should be recorded on this sheet. The monthly periods in the first
column are based on the monthly periods on the Summary sheet. The ad hoc loan repayments that are recorded on this
sheet are included on the ForecastAmort sheet.
ForecastAmort - includes two amortization tables that relate to the remaining loan repayment period. The first table
includes a column for ad hoc loan repayments (based on the amounts entered on the ForecastPmt sheet) and the second
table is based on standard loan amortization principles. Both tables are compiled based on the user defined loan review
date that is selected on the Review sheet.
CalcAmort - includes a loan amortization table calculator. This sheet is not linked to any of the other sheets in the
template and has been included to enable users to compile their own loan amortization calculations.
Note: The template includes a lot of complex formulas and has been designed within a specific worksheet structure. We
therefore do not recommend adding additional rows or columns within the existing worksheet framework because it may
result in errors or inaccurate calculations being encountered. If you therefore want to add your own calculations to the
template, we recommend inserting a new worksheet for this purpose.
Page 3 of 60
This is the only

protected sheet in the
full version of the
template!

Instructions
Template Set-up
On
Onthis
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sheet:
Aside from recording loan account transactions, the template does not require a lot of set-up. We recommend that you
start by entering the initial loan terms as per the loan agreement on the InitialAmort sheet. This includes the loan principle
amount, interest rate, loan period and repayment commencement date. These input cells have no effect on your loan
statement calculations and are only used to specify the required variables for calculating the initial amortization table on
the InitialAmort sheet. The calculation results are included on the Review sheet in order to compare actual loan account
movements to the initial loan amortization table.
The next step is to review the transaction types on the TransCode sheet. The default template includes 7 transaction types
of which the first 5 should be left unchanged. Each of these transaction types has a specific purpose and if you therefore
change the type of transaction that is associated with the default transaction code, you may encounter inconsistencies in
the template calculations.
The Admin Fee and Insurance Premium transaction codes have been added as separate transaction types because these
costs are frequently included as separate line items on home loan account statements and usually form part of the
monthly loan repayment amounts. If you do not require these items, you can delete them or replace them with other costs
that are included on your loan account statement. Note that both transaction type number 6 and 7 are reported separately
on the Statement and Summary sheets and if you change the default transaction type descriptions, the new descriptions
will be included in the appropriate columns on both of these sheets.
All the transaction types on the TransCode sheet are included in list boxes in column B on the Statement sheet. Additional
transaction types that are added to the default list of transaction types are also available for selection from these list
boxes. You will therefore be able to enter the transactions relating to these transaction types on the Statement sheet but
note that all transaction types with transaction codes greater than or equal to 8 are grouped together in one column on the
Summary sheet (column I).
Loan Account Transactions

All loan account transactions need to be recorded on the Statement sheet. This sheet includes 12 columns but only four of
these columns require user input (columns with a yellow column heading). The columns with light blue column headings
contain formulas that should be copied for all new transactions that are recorded.
When you therefore record any transaction, you will need to enter a date (in column A), select a transaction type from the
list box in column B, copy the formula in column C, enter a new interest rate (only if an interest rate change transaction is
being recorded, otherwise enter 0%), enter a transaction amount in column E and copy all the formulas from column F to L
from one of the existing rows.
Note: After recording a few transactions, it may be more efficient to copy a transaction that was previously recorded, paste
it into the next empty row and simply change the date, transaction code (if required), interest rate and amount in order to
record a new transaction that is similar to the transaction that was copied.
The following important guidelines should be followed when recording transactions on the Statement sheet:
The first transaction that is recorded on this sheet should always be an interest rate change transaction (transaction type
5) and this transaction should be recorded on the same date as the first transaction on your loan account statement. The
interest rate that is applicable to the loan should be entered in column D and the transaction amount in column E should
be nil (the transaction amount for all interest rate change transactions should always be nil). This entry establishes the
interest rate that should be used to calculate interest from the beginning of the loan period.
All the transactions that are recorded on the Statement sheet should form part of a continuous cell range. There should
therefore be no empty rows between transactions, otherwise the loan account balances and therefore also the interest
calculations will be inaccurate.
Page 4 of 60
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This sheet
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setting up
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and using
using this
this template.
template.

Instructions
All transactions should be recorded or sorted in an ascending date sequence (oldest transactions first). You'll notice that if
you enter a transaction that is out of sequence, the transaction date will be highlighted in red. This error can be corrected
by simply sorting all the transactions on the Statement sheet in an ascending order by the date in the first column. By
sorting the transactions in the correct order, you will ensure that the date sequence is rectified and that all interest
calculations are accurate.
The monthly interest on the outstanding loan account should be capitalized on the last day of each month. In order to
accomplish this, simply record an interest capitalization transaction (select transaction code 4) for the last day of each
month. The transaction amount in column E should be nil because the monthly interest capitalization calculation is
performed automatically through the formula that has been entered in column F. This interest calculation only applies to
transaction type 4 - if you therefore specify the incorrect transaction type, no interest will be capitalized to the loan at the
end of the appropriate month. Also note that the date that is entered should be the last day of the month - if you enter any
other date, the interest calculation will not be accurate. The transaction date in column A will be highlighted in orange if the
incorrect interest capitalization date is specified.
It is imperative that you don't replace any of the formulas in the columns with light blue column headings with alternative
values because it will result in inaccurate calculations. We recommend that you save the template under a default file
name after downloading it and save each loan calculation under a different file name. You will then be able to revert back
to the original template if you delete any of the formulas by accident.
All transaction amounts except for loan repayments and ad hoc repayments should be entered as positive values. Loan
repayments and ad hoc repayments should be entered as negative values - if you enter positive values for any repayment
type transactions, the transaction amounts will be highlighted in orange.
The following section covers the default transaction types that should be recorded on the Statement sheet:
Loan Advances
Loan advances are amounts that are received from the financial institution who grants the loan. You can record as many
loan advances as required by simply entering the appropriate transaction date, selecting transaction type 1 and entering
the appropriate loan advance amount in the Transaction Amount column (column E). Loan advances should be entered as
positive amounts.
Loan Repayments
For the purpose of compiling an accurate loan forecast, we have assigned scheduled loan repayments and ad hoc loan
repayments to different transaction types. Scheduled loan repayments are determined by the terms in a loan agreement,
while ad hoc loan repayments are effected at the borrower's own discretion. It is important to allocate repayments to the
correct repayment type because the scheduled loan repayments that are recorded on the Statement sheet form part of the
calculation of the remaining loan repayments which is important for forecasting purposes.
Note: The number of remaining loan repayments is used to compile a loan forecast amortization table. If you therefore
allocate ad hoc repayments to the loan repayment transaction type (transaction type 2), the forecast will not be accurate.
Also note that a scheduled loan repayment should be entered for all monthly periods where a loan repayment is due,
regardless of whether a loan repayment has been effected or not. In some instances (for example building loans), the loan
period may commence before scheduled loan repayments are deducted on the loan account. When scheduled loan
repayments are then deducted at a later stage, the repayment amount is calculated over a shorter loan period. In order to
facilitate this calculation, you therefore need to include the correct remaining loan repayments in the calculation - this can
be achieved by recording all scheduled loan repayments on the Statement sheet and simply entering a nil amount if a loan
repayment is due but has not been effected during any particular repayment period.
Scheduled loan repayments need to be recorded on the Statement sheet by entering the appropriate transaction date,
selecting transaction type 2 and entering the appropriate loan repayment amount as a negative value in the Transaction
Amount column. Note that if you enter a positive loan repayment amount, the amount will be highlighted in orange in the
Transaction Amount column until it is rectified.
Page 5 of 60
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and using
using this
this template.
template.

Instructions
Ad Hoc Repayments
The template accommodates an unlimited number of ad hoc loan repayments. It also makes no difference whether the ad
hoc repayment is an increased instalment or a lump sum repayment.
Ad hoc repayments can be recorded on the Statement sheet by simply entering the appropriate transaction date, selecting
transaction type 3 and entering a negative amount in the Transaction Amount column. If you enter a positive ad hoc loan
repayment amount, the amount will be highlighted in orange until the error is rectified.
Interest Capitalization
The interest calculations in this template are based on the daily loan account balances. Transactions are included in the
daily loan account balance as if the transactions occurred at the beginning of the day. For example, if a loan repayment is
dated on the 2nd of January, the repayment is deducted from the loan balance of the previous day and included in the
interest calculation from the 2nd of January. For month end interest capitalization purposes, the loan repayment on the
2nd will therefore be included in the monthly interest calculation for a period of 30 days.
All interest calculations are automatically performed based on the transactions that are recorded on the Statement sheet.
As we've mentioned before, it is imperative that all transactions are recorded in the correct date sequence (ascending date
order), otherwise the interest calculations may not be accurate. All interest calculations are performed based on the
balances calculated in the Transaction Closing Balance column by applying the appropriate interest rate and the number
of days that the balance is in effect to this amount.
The calculated interest is capitalized to the loan account balance when you enter an Interest Capitalization
transaction for the last day of the appropriate calendar month. Note that if you don't enter this transaction, the
interest calculated for the particular month will not be added to the loan account balance and your loan account
statement will not be accurate! It is therefore imperative that you add an Interest Capitalization transaction to the
Statement sheet for every month that forms part of the loan period.
Also note that this transaction has to be dated on the last day of the month - if you use any other date, the interest
calculation will not be accurate. We have implemented conditional formatting in column A to highlight the interest
capitalization transactions that are not dated on a month end date in orange. When you change the transaction date to the
appropriate month end date, the formatting is automatically removed.
Interest capitalization transactions can be recorded by entering the appropriate month end date, selecting transaction type
4 and entering a nil amount in the Transaction Amount column. The calculated interest is reflected in column F and is
automatically added to the outstanding loan balance in column G.
Interest Rate Changes
This template accommodates an unlimited number of interest rate changes. An interest rate change can be recorded on
the Statement sheet by simply entering the effective date of the interest rate change in column A, selecting transaction
type 5, entering the appropriate new interest rate in column D and entering a nil amount in the Transaction Amount
column. You'll notice that the interest rate in column H (used in all interest calculations) will change to the new interest rate
that has been recorded. Interest on all subsequent transactions will be calculated based on the new interest rate (until the
next interest rate change transaction is recorded).
As we've mentioned before, the first transaction that should be recorded on the Statement sheet is an interest
rate change transaction. This transaction establishes the interest rate that should be used to calculate interest
from the beginning of the loan period. If you omit this transaction, the interest rate that will be used to calculate
interest on the initial loan balance will be nil and no interest will therefore be calculated and capitalized to the
initial loan account balance until an interest rate is defined.
Page 6 of 60
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Instructions
Interest rate changes can only be recorded by using transaction type 5 - if you enter a new interest rate in column D and
select any other transaction type, the interest rate change will not have any effect on interest calculations.
On
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sheet:
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and using
using this
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template.
Other Loan Costs
As we've mentioned before, other loan costs (like admin fees and insurance) can be recorded by using transaction codes
6 and 7 or adding the appropriate transaction codes to the TransCode sheet and selecting the appropriate transaction type
from the list box in column B on the Statement sheet. These transactions usually relate to costs that are charged to the
loan account and should therefore be entered as positive values in the Transaction Amount column. Financial institutions
typically include these costs in scheduled loan repayments and the costs are therefore deducted from the loan account
balance when you record scheduled loan repayments (transaction type 2) on the Statement sheet.
Loan Account Statement

All loan transactions should be entered on the Statement sheet in accordance with the guidance provided in the previous
section. After reading through the previous section, you should therefore be able to record all the appropriate transactions
on the Statement sheet and we'll now provide guidance on the calculated columns (columns with a light blue column
heading) on this sheet.
The transaction description in column C has been included on the Statement sheet so that it is easy to identify the
transaction types that are selected from the list boxes in column B. The list boxes only include the transaction type
numbers - we've therefore included the description in column C to enable users to review the transaction type that has
been selected.
The calculated interest in column F represents the amount of interest that is capitalized to the loan account at the end of
every calendar month. All scheduled loan repayments consist of an interest and capital portion - this column includes the
interest portion that is calculated based on the daily loan account balances during the particular monthly period. This
column should therefore only contain one calculated interest amount per calendar month.
The monthly interest amount that should be capitalized is the total of all the accrued interest amounts in column L for the
particular month. The accrued interest is calculated from the interest rate in column H, the interest days in column J and
the transaction closing loan balance in column K.
The outstanding loan balance on each transaction date is calculated in column G. This amount represents the capital
balance that is still outstanding on the loan.
The monthly capital portion of the loan repayments can be calculated by adding the interest and other costs together and
deducting the sum of the scheduled loan repayments and the ad hoc loan repayments from this amount. Note that it may
therefore be easier to calculate this amount from the totals on the Summary sheet.
Loan Account Summary

The Summary sheet includes a complete breakdown of the movements on the loan account for all monthly periods. All the
totals on this sheet are calculated from the transactions that are entered on the Statement sheet. No user input is required
on this sheet - users are required to simply copy the formulas in the existing rows to the appropriate number of new rows
in order to add the required number of monthly periods to the summary.
The first monthly period on the Summary sheet is determined by the transaction date of the first transaction on the
Statement sheet. The transaction date in row 4 on the Statement sheet therefore determines which monthly period is
displayed in the first row of the Summary sheet. All subsequent monthly periods on the Summary sheet are calculated
based on the first monthly period.
Page 7 of 60

Instructions
The Loan Advance column is calculated based on all the transactions with a transaction type of 1 on the Statement sheet.
Scheduled loan repayments (transaction type 2), ad hoc repayments (transaction type 3), interest capitalized (transaction
type 4), admin fees (transaction type 6), insurance premiums (transaction type 7) and other costs (all transaction types
greater than 7 that have been added to the TransCode sheet) are also calculated based on the transaction types of the
transactions that are recorded on the Statement sheet.
The number of repayments in column K is calculated by counting the number of scheduled loan repayments (transaction
type 2) on the Statement sheet. This number should agree to the loan period that has elapsed at any given point in time if the number is not correct, you should add the appropriate scheduled loan repayment on the Statement sheet (use a nil
amount if no actual repayment has been effected). The number of repayments also forms part of the remaining loan
period calculation for forecasting purposes (refer to the Loan Review section).
As we've mentioned before, an interest capitalization transaction should be recorded for the month end date of every
monthly period that forms part of the loan period in order to calculate interest accurately. If this transaction has been
omitted for any monthly period, the number of repayments calculation in column K on the Summary sheet will contain an
error ("month end?") that will be highlighted in orange. This error can be corrected by simply entering an interest
capitalization transaction (transaction type 4) for the particular month on the Statement sheet.
Note: The number of repayments on the Summary sheet should increase in increments of 1 for every subsequent monthly
period. If this is not the case (two monthly periods reflect the same number), it means that a scheduled loan repayment
(transaction type 2) has not been entered for the particular month (the second month with the same number of
repayments). This problem can be rectified by simply entering a scheduled loan repayment amount (use any date during
the particular monthly period) on the Statement sheet. A nil amount can be recorded if an actual loan repayment has not
been effected during the month.
The Summary sheet can be used to analyze all loan account transactions on a monthly basis for the duration of the loan
period. It is therefore an extremely useful tool for reviewing the loan account transaction and balance history.
The monthly periods that are included on the Summary sheet also determine which periods are available for selection on
the Review sheet. It is therefore important to keep the Summary sheet up to date based on the transactions that have
been recorded on the Statement sheet. As we've mentioned before, users simply need to copy all the formulas on the
Summary sheet downwards in order to include the required number of monthly periods on the sheet.
Loan Review
The Review sheet enables users to compile a comprehensive loan analysis for the entire loan period. The transactions
that are recorded on the Statement sheet are compared to an initial loan amortization table before a forecast that is based
on the remaining loan repayment period is added to the actual transactions that have been recorded on the Statement
sheet in order to compile a loan analysis that covers the entire loan period. The actual loan forecast is then also compared
to the initial amortization forecast and is calculated on two forecast bases - a standard amortization basis and an ad hoc
repayments basis (refer to the Loan Repayment Forecasts section for more guidance on the forecast features).
The only user input that is required on the Review sheet is selecting the appropriate loan review date. The loan review
date input cell (cell B3) contains a list box that includes all the monthly periods on the Summary sheet. You can review the
actual and initial loan amortization balances based on any monthly period that is selected from the list box. All the
calculations on the Review sheet are automatically updated based on the review date that is selected. If a monthly period
is not included in the list box, it means that you have not added the appropriate period to the Summary sheet.
The loan history calculations include all the transactions that are recorded on the Statement sheet and are dated before
the loan review date that is selected. The initial amortization column also only includes amounts before the review date.
The loan history calculation therefore facilitates a comparison of the initial loan terms and the actual loan account
movements up to the review date.
Page 8 of 60
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Instructions
The remaining loan repayments section includes three calculations - an initial loan amortization, a forecast calculation that
is based on a standard amortization table and a forecast calculation that is based on an amortization table that
incorporates ad hoc loan repayments. Refer to the Initial Loan Amortization and Loan Repayment Forecasts sections for
more guidance on these calculations.
The forecast calculations for the remaining loan repayment period are based on the number of remaining loan repayments
(cell B7) which is calculated by deducting the number of actual loan repayments in cell B6 from the loan period in cell B5.
The number of actual loan repayments is determined by the number of scheduled loan repayment transactions that have
been recorded on the Statement sheet - it is therefore imperative that a scheduled loan repayment (transaction type 2) is
recorded on the Statement sheet for every month during the loan period, even if no actual loan repayment has been
effected (use a nil value under these circumstances).
The loan period summary section calculates the total interest and capital repayment balances over the entire loan period
for all three calculation bases. This section also includes a comparison between the interest charges of the initial loan
amortization calculation and the standard forecast amortization calculation as well as a comparison between the interest
charges of the standard forecast amortization and the ad hoc forecast amortization calculations.
An effective annual interest rate over the entire loan period is also calculated for all three calculation bases. You'll probably
notice that the effective interest rate for the ad hoc forecast is in most instances significantly lower than the interest rates
that were entered on the Statement sheet and included on the ForecastAmort sheet - this is because the effective interest
rate is calculated over the entire loan period and ad hoc repayments result in a loan being repaid over a shorter loan
period. It therefore does not mean that a lower interest rate is achieved by effecting ad hoc repayments, but simply
represents the interest savings that result from a shorter repayment period. The effective interest calculation result should
therefore be interpreted in this context.
Initial Loan Amortization

An initial loan amortization calculation has been added to the template in order to facilitate a comparison between actual
loan balances and the initial loan repayment terms. This comparison is especially useful for measuring the effect of
interest rate changes. The initial loan amortization table is included on the InitialAmort sheet.
This amortization table is calculated based on the initial loan amortization input values that are specified at the top of the
sheet. Note that the loan period is limited to 360 months (30 years) and the monthly periods are determined based on the
repayment commencement date that is specified in cell D6.
The loan principle amount (cell D3) should be the same as the total of all the loan advances that have been recorded on
the Statement sheet (refer to the Summary sheet in order to calculate the total of all actual loan advances). Note that if
there is a difference, the loan principle amount will be highlighted in orange. The interest rate and loan period per the initial
loan agreement should be entered in cells D4 and D5 respectively.
In most instances, the repayment commencement date (cell D6) will be the same as the first transaction date that is
entered on the Statement sheet. However, the repayment of some loans (like building loans) only commence on a later
date and by including this input cell, we're therefore able to base the periods that are included in the initial amortization
table on a user defined date so that the initial amortization calculation will match the commencement of actual loan
repayments.
Page 9 of 60
On
Onthis
thissheet:
sheet:
This
This sheet
sheet includes
includes detailed
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.

Instructions
Loan Repayment Forecasts
On
Onthis
thissheet:
sheet:
The template also includes two separate loan repayment forecasts that are used to calculate loan balances and interest
charges for the remaining loan repayment period. Note that the remaining loan repayment period is calculated based on
the loan review date that is selected on the Review sheet (cell B3). The period that is selected from this list box therefore
determines which repayment periods are based on actual transactions (all the periods before the loan review date) and
which repayment periods are based on the forecasts (all the periods after the loan review date). The loan repayment
forecasts are added to the actual loan account transactions in order to compile a loan review for the entire loan period.
The forecasts consist of a standard loan repayment amortization table and an ad hoc loan repayment amortization table.
Both amortization tables are included on the ForecastAmort sheet.
Both amortization tables are based on the calculated values that are displayed at the top of the ForecastAmort sheet. The
review date is selected from a list box on the Review sheet and the outstanding loan balance and interest rate is
determined by looking up the appropriate values on the Statement sheet based on the loan review date that has been
selected.
The number of remaining loan repayments is calculated on the Review sheet by subtracting the number of actual loan
repayments from the initial loan period. The number of actual loan repayments is calculated by counting the transaction
type 2 transactions on the Statement sheet that are dated before the loan review date. The initial loan period is specified
on the InitialAmort sheet.
The standard amortization table (column K to P) calculates the remaining monthly loan repayment amounts and the
interest that will be incurred over the remaining loan period. The total interest and capital repayments that are calculated
are included on the Review sheet in the "Actual Loan: Standard" column and compared to the initial loan amortization
table.
The ad hoc forecast amortization table (column A to I) also calculates the remaining loan repayments and interest but
enables users to include ad hoc loan repayments in the calculation. These ad hoc loan repayments should be recorded on
the ForecastPmt sheet and are automatically included in the appropriate monthly periods on the amortization table. Note
that the monthly periods on the ForecastPmt sheet are determined by the monthly periods on the Summary sheet and
extended to include 360 months. You'll also notice that the loan review date that is specified on the Review sheet is
highlighted in orange in column A on the ForecastPmt sheet.
Ad hoc loan repayments that are dated before the review date (on the ForecastPmt sheet) will not form part of the ad hoc
forecast amortization table (on the ForecastAmort sheet) because the amortization table starts in the month following the
review date. If an ad hoc loan repayment is dated before the loan review date, it should however be included in the
transactions that are recorded on the Statement sheet if the payment has been effected and it will therefore already be
taken into account in the loan analysis of the entire loan period.
The ad hoc amortization table accepts both lump sum repayments and increased instalments and enables users to
calculate the interest savings that result from effecting these types of repayments over the remaining loan repayment
period. Note that the monthly loan repayment amounts that are calculated on the ad hoc amortization table are not
adjusted to take the effect of ad hoc loan repayments into account - the ad hoc loan repayments are allocated directly
against the outstanding capital balance of the loan, thereby resulting in a shorter loan repayment period and a significant
saving in interest.
The ad hoc forecast amortization table is therefore a comprehensive, flexible loan repayment analysis tool that can be
used to analyze the effect of ad hoc loan repayments on interest charges. The interest saving is calculated by comparing
the ad hoc forecast amortization table (the "Actual Loan: Forecast" column) to the standard forecast amortization table (the
"Actual Loan: Standard" column) on the Review sheet. As we've mentioned before, both of these amortization tables are
calculated based on the remaining loan repayment period.
Page 10 of 60
This
This sheet
sheet includes
includes detailed
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.

Instructions
Loan Amortization Table Calculations
On
Onthis
thissheet:
sheet:
The loan amortization calculator on the CalcAmort sheet can be used to perform your own loan repayment and interest
calculations by simply specifying the appropriate input values in the cells with a yellow cell background at the top of the
sheet.
This calculator can be used to perform any loan repayment calculation over a maximum loan period of 30 years. For
example, if you want to determine the new monthly loan repayment amount after a change in the annual loan interest rate:
Enter an interest rate change transaction on the Statement sheet (in accordance with the guidance that we provided in the
Loan Account Transactions section).
Calculate the outstanding loan balance on the effective date by adding the accrued interest amounts for the particular
month (in column L) on the Statement sheet to the outstanding loan balance in column G.
Enter the outstanding loan balance and the new interest rate in the appropriate input cells on the CalcAmort sheet.
Enter the remaining loan period in the appropriate input cell on the same sheet.
The new loan repayment amount is calculated in column D on the CalcAmort sheet.
Add any other monthly loan costs (for example admin fees and insurance premiums) to this amount. The calculated
monthly loan repayment amount should equal the amended loan repayment amount that is deducted on the next account
statement that is received from the appropriate financial institution.
Help & Customization

If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these
instructions, please e-mail us at support@excel-skills.com for assistance. This template has been designed with flexibility
in mind to ensure that it can be used in most business environments. If however you need an Excel based template that is
customized specifically for your business requirements, please e-mail our Support function and provide a brief explanation
of your requirements.
Copyright
This template remains the intellectual property of www.excel-skills.com and is protected by international copyright laws.
Any publication or distribution of this template outside the scope of the permitted use of the template is expressly
prohibited. In terms of the permitted use of this template, only the distribution of the template to persons within the same
organisation as the registered user or persons outside the organisation who can reasonably be expected to require access
to the template as a direct result of the use of the template by the registered user is allowed. Subsequent distribution of
the template by parties outside of the organisation is however expressly prohibited and represents an infringement of
international copyright laws.
Page 11 of 60
This
This sheet
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Transaction Codes
Code
Transaction Type
Loan Advance
Loan Repayment
Ad Hoc Repayment
Interest Capitalized
Interest Rate Change
Admin Fee
Insurance Premium
On
On this
this sheet:
sheet:
This
This sheet
sheet includes
includes the
the default
default loan
loan account
account transaction
transaction types.
types.
Additional
Additional transaction
transaction types
types can
can be
be added
added to
to the
the list
list by
by entering
entering
the
the new
new codes
codes below
below the
the last
last default
default code.
code. The
The transaction
transaction types
types
that
that are
are entered
entered on
on this
this sheet
sheet are
are included
included in
in aa list
list box
box on
on the
the
Statement
Statement sheet.
sheet.
Page 12 of 60
Loan Statement
Date
Code
Transaction Description
New Interest
Rate
10.75%
Transaction
Amount
Outstanding
Balance
Interest
Days
Transaction
Closing
Accrued
Interest
10.75%
2005/4
Loan Advance
0.00%
400,000.00
400,000.00
10.75%
2005/4
4/2/2005
Admin Fee
0.00%
5.70
400,005.70
10.75%
2005/4
400,000.00
4/2/2005
Insurance Premium
0.00%
147.40
400,153.10
10.75%
2005/4
400,005.70
4/30/2005
0.00%
403,688.65
10.75%
2005/4
29
400,153.10
3,417.75
5/3/2005
Admin Fee
0.00%
5.70
403,694.35
10.75%
2005/5
403,688.65
237.79
5/4/2005
Insurance Premium
0.00%
147.40
403,841.75
10.75%
2005/5
403,694.35
118.90
5/7/2005
Loan Repayment
0.00%
-4,214.02
399,627.73
10.75%
2005/5
403,841.75
356.82
5/31/2005
0.00%
403,283.70
10.75%
2005/5
25
399,627.73
2,942.46
6/1/2005
Admin Fee
0.00%
5.70
403,289.40
10.75%
2005/6
403,283.70
6/2/2005
Insurance Premium
0.00%
147.40
403,436.80
10.75%
2005/6
403,289.40
6/7/2005
Loan Repayment
0.00%
-4,214.02
399,222.78
10.75%
2005/6
403,436.80
594.10
6/30/2005
0.00%
402,757.57
10.75%
2005/6
24
399,222.78
2,821.90
7/1/2005
Admin Fee
0.00%
5.70
402,763.27
10.75%
2005/7
402,757.57
7/2/2005
Insurance Premium
0.00%
147.40
402,910.67
10.75%
2005/7
402,763.27
7/7/2005
Loan Repayment
0.00%
-4,214.02
398,696.65
10.75%
2005/7
402,910.67
593.33
7/31/2005
0.00%
402,344.20
10.75%
2005/7
25
398,696.65
2,935.61
8/1/2005
Admin Fee
0.00%
5.70
402,349.90
10.75%
2005/8
402,344.20
8/2/2005
Insurance Premium
0.00%
147.40
402,497.30
10.75%
2005/8
402,349.90
8/8/2005
Loan Repayment
0.00%
-4,214.02
398,283.28
10.75%
2005/8
402,497.30
711.26
8/31/2005
0.00%
401,928.31
10.75%
2005/8
24
398,283.28
2,815.26
9/1/2005
Admin Fee
0.00%
5.70
401,934.01
10.75%
2005/9
401,928.31
9/2/2005
Insurance Premium
0.00%
147.40
402,081.41
10.75%
2005/9
401,934.01
9/7/2005
Loan Repayment
0.00%
-4,214.02
397,867.39
10.75%
2005/9
402,081.41
592.11
9/30/2005
0.00%
401,390.20
10.75%
2005/9
24
397,867.39
2,812.32
10/1/2005
Admin Fee
0.00%
5.70
401,395.90
10.75%
2005/10
401,390.20
10/3/2005
Insurance Premium
0.00%
147.40
401,543.30
10.75%
2005/10
401,395.90
10/7/2005
Loan Repayment
0.00%
-4,214.02
397,329.28
10.75%
2005/10
401,543.30
473.05
10/28/2005
397,329.28
10.25%
2005/10
21
397,329.28
2,457.45
10/31/2005
0.00%
400,942.54
10.25%
2005/10
397,329.28
446.32
11/1/2005
Admin Fee
0.00%
5.70
400,948.24
10.25%
2005/11
400,942.54
11/2/2005
Insurance Premium
0.00%
147.40
401,095.64
10.25%
2005/11
400,948.24
11/7/2005
Loan Repayment
0.00%
-4,108.49
396,987.15
10.25%
2005/11
401,095.64
563.18
11/30/2005
0.00%
400,338.51
10.25%
2005/11
24
396,987.15
2,675.58
12/1/2005
Admin Fee
0.00%
5.70
400,344.21
10.25%
2005/12
400,338.51
12/2/2005
Insurance Premium
0.00%
147.40
400,491.61
10.25%
2005/12
400,344.21
112.43
12/7/2005
Loan Repayment
0.00%
-4,108.49
396,383.12
10.25%
2005/12
400,491.61
562.33
3,535.55
3,655.97
3,534.78
3,647.56
3,645.03
3,522.81
3,613.26
3,351.36
Page 13 of 60
Transaction
Month
4/1/2005
Interest
Rate
4/1/2005
10.25%
Calculated
Interest
117.81
-
118.78
118.62
118.50
118.38
236.44
112.60
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
-
Calculated
Interest
Outstanding
Balance
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
12/31/2005
0.00%
399,840.70
10.25%
2005/12
25
396,383.12
2,782.83
1/4/2006
Insurance Premium
0.00%
147.40
399,988.10
10.25%
2006/1
399,840.70
336.85
1/4/2006
Admin Fee
0.00%
5.70
399,993.80
10.25%
2006/1
399,988.10
1/7/2006
Loan Repayment
0.00%
-4,108.49
395,885.31
10.25%
2006/1
399,993.80
1/10/2006
Ad Hoc Repayment
0.00%
-5,000.00
390,885.31
10.25%
2006/1
395,885.31
333.52
1/31/2006
0.00%
394,307.59
10.25%
2006/1
22
390,885.31
2,414.92
2/1/2006
Admin Fee
0.00%
5.70
394,313.29
10.25%
2006/2
394,307.59
2/2/2006
Insurance Premium
0.00%
164.49
394,477.78
10.25%
2006/2
394,313.29
2/7/2006
Loan Repayment
0.00%
-4,125.58
390,352.20
10.25%
2006/2
394,477.78
553.89
2/28/2006
0.00%
393,428.45
10.25%
2006/2
22
390,352.20
2,411.63
3/2/2006
Admin Fee
0.00%
5.70
393,434.15
10.25%
2006/3
393,428.45
110.48
3/3/2006
Insurance Premium
0.00%
164.49
393,598.64
10.25%
2006/3
393,434.15
110.48
3/7/2006
Loan Repayment
0.00%
-4,125.58
389,473.06
10.25%
2006/3
393,598.64
442.12
3/31/2006
0.00%
392,870.47
10.25%
2006/3
25
389,473.06
2,734.31
4/1/2006
Admin Fee
0.00%
5.70
392,876.17
10.25%
2006/4
392,870.47
4/3/2006
Insurance Premium
0.00%
164.49
393,040.66
10.25%
2006/4
392,876.17
4/7/2006
Loan Repayment
0.00%
-4,125.58
388,915.08
10.25%
2006/4
393,040.66
441.50
4/30/2006
0.00%
392,198.41
10.25%
2006/4
24
388,915.08
2,621.18
5/2/2006
Admin Fee
0.00%
5.70
392,204.11
10.25%
2006/5
392,198.41
110.14
5/3/2006
Insurance Premium
0.00%
164.49
392,368.60
10.25%
2006/5
392,204.11
110.14
5/8/2006
Loan Repayment
0.00%
-4,125.58
388,243.02
10.25%
2006/5
392,368.60
550.93
5/31/2006
0.00%
391,630.88
10.25%
2006/5
24
388,243.02
2,616.65
6/1/2006
Admin Fee
0.00%
5.70
391,636.58
10.25%
2006/6
391,630.88
6/2/2006
Insurance Premium
0.00%
164.49
391,801.07
10.25%
2006/6
391,636.58
109.98
6/7/2006
Loan Repayment
0.00%
-4,125.58
387,675.49
10.25%
2006/6
391,801.07
550.13
6/14/2006
387,675.49
10.75%
2006/6
387,675.49
762.07
6/30/2006
391,038.71
10.75%
2006/6
17
387,675.49
1,941.03
7/1/2006
7/3/2006
3,457.59
Interest
Rate
3,422.27
3,076.25
3,397.41
3,283.34
3,387.86
336.98
110.73
220.66
10.75%
0.00%
Admin Fee
0.00%
5.70
391,044.41
10.75%
2006/7
391,038.71
Insurance Premium
0.00%
164.49
391,208.90
10.75%
2006/7
391,044.41
7/7/2006
Loan Repayment
0.00%
-4,184.88
387,024.02
10.75%
2006/7
391,208.90
460.88
7/31/2006
0.00%
390,564.90
10.75%
2006/7
25
387,024.02
2,849.66
8/1/2006
Admin Fee
0.00%
5.70
390,570.60
10.75%
2006/8
390,564.90
8/2/2006
Insurance Premium
0.00%
164.49
390,735.09
10.75%
2006/8
390,570.60
115.03
8/5/2006
390,735.09
11.25%
2006/8
390,735.09
345.24
8/7/2006
Loan Repayment
0.00%
386,386.64
11.25%
2006/8
390,735.09
240.86
8/31/2006
0.00%
390,065.07
11.25%
2006/8
25
386,386.64
2,977.29
9/1/2006
Admin Fee
0.00%
5.70
390,070.77
11.25%
2006/9
390,065.07
11.25%
-4,348.45
3,363.22
3,540.88
3,678.43
-
Page 14 of 60
230.34
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
9/2/2006
Insurance Premium
0.00%
164.49
390,235.26
11.25%
2006/9
390,070.77
9/7/2006
Loan Repayment
0.00%
-4,348.45
385,886.81
11.25%
2006/9
390,235.26
601.39
9/30/2006
0.00%
389,462.93
11.25%
2006/9
24
385,886.81
2,854.51
10/2/2006
Admin Fee
0.00%
5.70
389,468.63
11.25%
2006/10
389,462.93
120.04
10/3/2006
Insurance Premium
0.00%
164.49
389,633.12
11.25%
2006/10
389,468.63
120.04
10/7/2006
Loan Repayment
0.00%
-4,348.45
385,284.67
11.25%
2006/10
389,633.12
480.37
10/14/2006
385,284.67
11.75%
2006/10
385,284.67
831.26
10/31/2006
389,068.92
11.75%
2006/10
18
385,284.67
2,232.54
11/1/2006
11/2/2006
3,576.12
120.23
11.75%
0.00%
Admin Fee
0.00%
5.70
389,074.62
11.75%
2006/11
389,068.92
Insurance Premium
0.00%
164.49
389,239.11
11.75%
2006/11
389,074.62
11/7/2006
Loan Repayment
0.00%
-4,499.32
384,739.79
11.75%
2006/11
389,239.11
626.52
11/30/2006
0.00%
388,464.07
11.75%
2006/11
24
384,739.79
2,972.51
12/1/2006
Admin Fee
0.00%
5.70
388,469.77
11.75%
2006/12
388,464.07
12/2/2006
Insurance Premium
0.00%
164.49
388,634.26
11.75%
2006/12
388,469.77
125.06
12/7/2006
Loan Repayment
0.00%
-4,499.32
384,134.94
11.75%
2006/12
388,634.26
625.54
12/9/2006
384,134.94
12.25%
2006/12
384,134.94
247.32
12/31/2006
388,098.06
12.25%
2006/12
23
384,134.94
2,965.21
1/2/2007
1/3/2007
3,784.26
3,724.28
125.25
12.25%
0.00%
Admin Fee
0.00%
5.70
388,103.76
12.25%
2007/1
388,098.06
130.25
Insurance Premium
0.00%
164.49
388,268.25
12.25%
2007/1
388,103.76
130.25
1/8/2007
Loan Repayment
0.00%
-4,564.51
383,703.74
12.25%
2007/1
388,268.25
651.55
1/31/2007
0.00%
387,706.45
12.25%
2007/1
24
383,703.74
3,090.65
2/1/2007
Admin Fee
0.00%
5.70
387,712.15
12.25%
2007/2
387,706.45
2/2/2007
Insurance Premium
0.00%
171.04
387,883.19
12.25%
2007/2
387,712.15
2/7/2007
Loan Repayment
0.00%
-4,571.06
383,312.13
12.25%
2007/2
387,883.19
650.90
2/28/2007
0.00%
386,923.36
12.25%
2007/2
22
383,312.13
2,830.21
3/1/2007
Admin Fee
0.00%
5.70
386,929.06
12.25%
2007/3
386,923.36
3/2/2007
Insurance Premium
0.00%
171.04
387,100.10
12.25%
2007/3
386,929.06
3/7/2007
Loan Repayment
0.00%
-4,571.06
382,529.04
12.25%
2007/3
387,100.10
649.59
3/31/2007
0.00%
386,518.06
12.25%
2007/3
25
382,529.04
3,209.58
4/2/2007
Admin Fee
0.00%
5.70
386,523.76
12.25%
2007/4
386,518.06
129.72
4/3/2007
Insurance Premium
0.00%
171.04
386,694.80
12.25%
2007/4
386,523.76
129.72
4/7/2007
Loan Repayment
0.00%
-4,571.06
382,123.74
12.25%
2007/4
386,694.80
519.12
4/30/2007
0.00%
385,980.24
12.25%
2007/4
24
382,123.74
3,077.93
5/2/2007
Admin Fee
0.00%
5.70
385,985.94
12.25%
2007/5
385,980.24
129.54
5/3/2007
Insurance Premium
0.00%
171.04
386,156.98
12.25%
2007/5
385,985.94
129.54
5/7/2007
Loan Repayment
0.00%
-4,571.06
381,585.92
12.25%
2007/5
386,156.98
518.40
5/31/2007
0.00%
385,565.07
12.25%
2007/5
25
381,585.92
3,201.66
3,963.12
4,002.71
3,611.23
3,989.02
3,856.50
3,979.15
Page 15 of 60
130.12
129.86
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
6/1/2007
Admin Fee
0.00%
5.70
385,570.77
12.25%
2007/6
385,565.07
6/2/2007
Insurance Premium
0.00%
171.04
385,741.81
12.25%
2007/6
385,570.77
129.40
6/7/2007
Loan Repayment
0.00%
-4,571.06
381,170.75
12.25%
2007/6
385,741.81
647.31
6/8/2007
381,170.75
12.75%
2007/6
381,170.75
127.93
6/30/2007
385,137.81
12.75%
2007/6
23
381,170.75
3,062.42
7/2/2007
7/3/2007
12.75%
0.00%
Admin Fee
0.00%
5.70
385,143.51
12.75%
2007/7
385,137.81
134.53
Insurance Premium
0.00%
171.04
385,314.55
12.75%
2007/7
385,143.51
134.54
7/7/2007
Loan Repayment
0.00%
-4,699.12
380,615.43
12.75%
2007/7
385,314.55
538.38
7/15/2007
Ad Hoc Repayment
0.00%
-10,000.00
370,615.43
12.75%
2007/7
380,615.43
1,063.64
7/31/2007
0.00%
374,687.37
12.75%
2007/7
17
370,615.43
2,200.85
8/1/2007
Admin Fee
0.00%
5.70
374,693.07
12.75%
2007/8
374,687.37
8/2/2007
Insurance Premium
0.00%
171.04
374,864.11
12.75%
2007/8
374,693.07
8/7/2007
Loan Repayment
0.00%
-4,699.12
370,164.99
12.75%
2007/8
374,864.11
654.73
8/17/2007
370,164.99
13.25%
2007/8
10
370,164.99
1,293.04
8/31/2007
0.00%
374,259.27
13.25%
2007/8
15
370,164.99
2,015.62
9/1/2007
Admin Fee
0.00%
5.70
374,264.97
13.25%
2007/9
374,259.27
9/3/2007
Insurance Premium
0.00%
171.04
374,436.01
13.25%
2007/9
374,264.97
9/7/2007
Loan Repayment
0.00%
-4,721.31
369,714.70
13.25%
2007/9
374,436.01
543.70
9/30/2007
0.00%
373,751.20
13.25%
2007/9
24
369,714.70
3,221.08
10/1/2007
Admin Fee
0.00%
5.70
373,756.90
13.25%
2007/10
373,751.20
10/2/2007
Insurance Premium
0.00%
171.04
373,927.94
13.25%
2007/10
373,756.90
135.68
10/4/2007
373,927.94
12.40%
2007/10
373,927.94
271.48
10/8/2007
Loan Repayment
0.00%
369,356.29
12.40%
2007/10
373,927.94
508.13
10/31/2007
0.00%
373,283.10
12.40%
2007/10
24
369,356.29
3,011.52
11/1/2007
Admin Fee
0.00%
35.00
373,318.10
12.40%
2007/11
373,283.10
11/2/2007
Insurance Premium
0.00%
171.04
373,489.14
12.40%
2007/11
373,318.10
11/7/2007
Loan Repayment
0.00%
-4,571.65
368,917.49
12.40%
2007/11
373,489.14
634.42
11/30/2007
0.00%
372,686.68
12.40%
2007/11
24
368,917.49
3,007.94
12/1/2007
Admin Fee
0.00%
35.00
372,721.68
12.40%
2007/12
372,686.68
12/3/2007
Insurance Premium
0.00%
171.04
372,892.72
12.40%
2007/12
372,721.68
253.25
12/7/2007
372,892.72
13.40%
2007/12
372,892.72
506.73
12/7/2007
Loan Repayment
0.00%
368,063.08
13.40%
2007/12
372,892.72
12/31/2007
0.00%
372,201.16
13.40%
2007/12
25
368,063.08
3,378.11
1/2/2008
Admin Fee
0.00%
35.00
372,236.16
13.40%
2008/1
372,201.16
136.64
1/3/2008
Insurance Premium
0.00%
171.04
372,407.20
13.40%
2008/1
372,236.16
136.66
1/7/2008
Loan Repayment
0.00%
-4,829.64
367,577.56
13.40%
2008/1
372,407.20
546.88
1/15/2008
Ad Hoc Repayment
0.00%
-15,000.00
352,577.56
13.40%
2008/1
367,577.56
1,079.57
13.25%
12.40%
13.40%
-4,571.65
-
-4,829.64
-
3,967.06
4,071.94
4,094.28
4,036.50
3,926.81
3,769.19
4,138.09
Page 16 of 60
130.89
271.73
126.83
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
-
Calculated
Interest
Outstanding
Balance
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
1/31/2008
0.00%
356,677.78
13.40%
2008/1
17
352,577.56
2/1/2008
Admin Fee
0.00%
37.00
356,714.78
13.40%
2008/2
356,677.78
2/2/2008
Insurance Premium
0.00%
179.03
356,893.81
13.40%
2008/2
356,714.78
2/7/2008
Loan Repayment
0.00%
-4,839.63
352,054.18
13.40%
2008/2
356,893.81
655.12
2/29/2008
0.00%
355,812.95
13.40%
2008/2
23
352,054.18
2,972.69
3/1/2008
Admin Fee
0.00%
37.00
355,849.95
13.40%
2008/3
355,812.95
3/3/2008
Insurance Premium
0.00%
179.03
356,028.98
13.40%
2008/3
355,849.95
3/7/2008
Loan Repayment
0.00%
-4,839.63
351,189.35
13.40%
2008/3
356,028.98
522.83
3/31/2008
0.00%
355,196.70
13.40%
2008/3
25
351,189.35
3,223.24
4/1/2008
Admin Fee
0.00%
37.00
355,233.70
13.40%
2008/4
355,196.70
4/2/2008
Insurance Premium
0.00%
179.03
355,412.73
13.40%
2008/4
355,233.70
130.41
4/7/2008
Loan Repayment
0.00%
-4,839.63
350,573.10
13.40%
2008/4
355,412.73
652.40
4/11/2008
350,573.10
13.90%
2008/4
350,573.10
514.81
4/30/2008
354,540.85
13.90%
2008/4
20
350,573.10
2,670.12
5/3/2008
5/5/2008
4,100.22
Interest
Rate
3,758.77
4,007.35
2,200.47
130.96
261.28
13.90%
0.00%
Admin Fee
0.00%
37.00
354,577.85
13.90%
2008/5
354,540.85
270.03
Insurance Premium
0.00%
179.03
354,756.88
13.90%
2008/5
354,577.85
270.06
5/7/2008
Loan Repayment
0.00%
-4,711.86
350,045.02
13.90%
2008/5
354,756.88
270.20
5/31/2008
0.00%
354,187.93
13.90%
2008/5
25
350,045.02
3,332.62
6/2/2008
Admin Fee
0.00%
37.00
354,224.93
13.90%
2008/6
354,187.93
134.88
6/3/2008
Insurance Premium
0.00%
179.03
354,403.96
13.90%
2008/6
354,224.93
134.90
6/7/2008
Loan Repayment
0.00%
-4,711.86
349,692.10
13.90%
2008/6
354,403.96
539.86
6/13/2008
349,692.10
14.40%
2008/6
349,692.10
799.02
6/30/2008
353,784.06
14.40%
2008/6
18
349,692.10
2,483.29
7/1/2008
7/2/2008
3,967.75
4,142.91
14.40%
0.00%
Admin Fee
0.00%
37.00
353,821.06
14.40%
2008/7
353,784.06
Insurance Premium
0.00%
179.03
354,000.09
14.40%
2008/7
353,821.06
7/7/2008
Loan Repayment
0.00%
-4,837.15
349,162.94
14.40%
2008/7
354,000.09
698.30
7/31/2008
0.00%
353,444.63
14.40%
2008/7
25
349,162.94
3,443.80
8/1/2008
Admin Fee
0.00%
37.00
353,481.63
14.40%
2008/8
353,444.63
8/2/2008
Insurance Premium
0.00%
179.03
353,660.66
14.40%
2008/8
353,481.63
8/7/2008
Loan Repayment
0.00%
-4,837.15
348,823.51
14.40%
2008/8
353,660.66
697.63
8/31/2008
0.00%
353,101.05
14.40%
2008/8
25
348,823.51
3,440.45
9/1/2008
Admin Fee
0.00%
37.00
353,138.05
14.40%
2008/9
353,101.05
9/2/2008
Insurance Premium
0.00%
179.03
353,317.08
14.40%
2008/9
353,138.05
9/8/2008
Loan Repayment
0.00%
-4,837.15
348,479.93
14.40%
2008/9
353,317.08
836.35
9/30/2008
0.00%
352,617.69
14.40%
2008/9
23
348,479.93
3,162.10
10/1/2008
Admin Fee
0.00%
37.00
352,654.69
14.40%
2008/10
352,617.69
10/2/2008
Insurance Premium
0.00%
179.03
352,833.72
14.40%
2008/10
352,654.69
4,091.95
4,281.69
4,277.54
4,137.76
Page 17 of 60
139.59
139.46
139.32
139.13
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
10/7/2008
Loan Repayment
0.00%
10/31/2008
0.00%
-4,837.15
11/1/2008
Admin Fee
0.00%
37.00
11/3/2008
Insurance Premium
0.00%
179.03
11/7/2008
Loan Repayment
0.00%
-4,837.15
11/30/2008
0.00%
12/1/2008
Admin Fee
0.00%
37.00
12/2/2008
Insurance Premium
0.00%
179.03
12/8/2008
Loan Repayment
0.00%
-4,837.15
12/12/2008
12/31/2008
1/2/2009
1/3/2009
Calculated
Interest
Outstanding
Balance
-
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
347,996.57
14.40%
2008/10
352,833.72
696.00
352,264.00
14.40%
2008/10
25
347,996.57
3,432.29
352,301.00
14.40%
2008/11
352,264.00
352,480.03
14.40%
2008/11
352,301.00
347,642.88
14.40%
2008/11
352,480.03
556.24
351,768.75
14.40%
2008/11
24
347,642.88
3,291.65
351,805.75
14.40%
2008/12
351,768.75
351,984.78
14.40%
2008/12
351,805.75
138.79
347,147.63
14.40%
2008/12
351,984.78
833.19
347,147.63
13.90%
2008/12
347,147.63
547.83
351,311.47
13.90%
2008/12
20
347,147.63
2,644.03
4,267.43
4,125.88
277.98
13.90%
0.00%
Admin Fee
0.00%
42.00
351,353.47
13.90%
2009/1
351,311.47
133.79
Insurance Premium
0.00%
179.03
351,532.50
13.90%
2009/1
351,353.47
133.80
1/7/2009
Loan Repayment
0.00%
-4,719.16
346,813.34
13.90%
2009/1
351,532.50
535.49
1/31/2009
0.00%
350,918.27
13.90%
2009/1
25
346,813.34
3,301.85
2/2/2009
Admin Fee
0.00%
42.00
350,960.27
13.90%
2009/2
350,918.27
133.64
2/3/2009
Insurance Premium
0.00%
202.16
351,162.43
13.90%
2009/2
350,960.27
133.65
2/6/2009
351,162.43
12.90%
2009/2
351,162.43
401.19
2/7/2009
Loan Repayment
0.00%
346,674.04
12.90%
2009/2
351,162.43
124.11
2/28/2009
0.00%
350,162.14
12.90%
2009/2
22
346,674.04
2,695.51
3/2/2009
Admin Fee
0.00%
42.00
350,204.14
12.90%
2009/3
350,162.14
123.76
3/3/2009
Insurance Premium
0.00%
202.16
350,406.30
12.90%
2009/3
350,204.14
123.77
3/7/2009
Loan Repayment
0.00%
-4,488.39
345,917.91
12.90%
2009/3
350,406.30
495.37
3/25/2009
345,917.91
11.90%
2009/3
18
345,917.91
2,200.61
3/31/2009
0.00%
349,650.87
11.90%
2009/3
345,917.91
789.45
4/1/2009
Admin Fee
0.00%
42.00
349,692.87
11.90%
2009/4
349,650.87
4/2/2009
Insurance Premium
0.00%
202.16
349,895.03
11.90%
2009/4
349,692.87
4/7/2009
Loan Repayment
0.00%
-4,300.28
345,594.75
11.90%
2009/4
349,895.03
570.38
4/30/2009
0.00%
348,983.29
11.90%
2009/4
24
345,594.75
2,704.16
5/2/2009
Admin Fee
0.00%
42.00
349,025.29
11.90%
2009/5
348,983.29
113.78
5/4/2009
Insurance Premium
0.00%
202.16
349,227.45
11.90%
2009/5
349,025.29
227.58
5/7/2009
Loan Repayment
0.00%
-4,300.28
344,927.17
11.90%
2009/5
349,227.45
341.57
5/29/2009
9.90%
344,927.17
9.90%
2009/5
22
344,927.17
2,474.03
5/31/2009
0.00%
348,364.80
9.90%
2009/5
344,927.17
280.67
6/1/2009
Admin Fee
0.00%
42.00
348,406.80
9.90%
2009/6
348,364.80
6/2/2009
Insurance Premium
0.00%
202.16
348,608.96
9.90%
2009/6
348,406.80
94.50
6/8/2009
Loan Repayment
0.00%
-3,863.81
344,745.15
9.90%
2009/6
348,608.96
567.33
12.90%
11.90%
-4,488.39
-
4,163.84
4,104.93
3,488.10
3,732.95
3,388.55
3,437.63
Page 18 of 60
114.01
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
-
Calculated
Interest
Outstanding
Balance
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
6/30/2009
0.00%
347,557.62
9.90%
2009/6
23
344,745.15
7/1/2009
Admin Fee
0.00%
42.00
347,599.62
9.90%
2009/7
347,557.62
7/3/2009
Insurance Premium
0.00%
202.16
347,801.78
9.90%
2009/7
347,599.62
7/7/2009
Loan Repayment
0.00%
-3,863.81
343,937.97
9.90%
2009/7
347,801.78
377.34
7/31/2009
0.00%
346,836.05
9.90%
2009/7
25
343,937.97
2,332.18
8/1/2009
Admin Fee
0.00%
42.00
346,878.05
9.90%
2009/8
346,836.05
8/3/2009
Insurance Premium
0.00%
202.16
347,080.21
9.90%
2009/8
346,878.05
188.17
8/7/2009
Loan Repayment
0.00%
-3,863.81
343,216.40
9.90%
2009/8
347,080.21
376.56
8/14/2009
9.40%
343,216.40
9.40%
2009/8
343,216.40
651.64
8/31/2009
0.00%
346,023.79
9.40%
2009/8
18
343,216.40
1,591.02
9/1/2009
Admin Fee
0.00%
42.00
346,065.79
9.40%
2009/9
346,023.79
9/3/2009
Insurance Premium
0.00%
202.16
346,267.95
9.40%
2009/9
346,065.79
9/7/2009
Loan Repayment
0.00%
-3,745.26
342,522.69
9.40%
2009/9
346,267.95
356.70
9/30/2009
0.00%
345,174.71
9.40%
2009/9
24
342,522.69
2,117.07
10/1/2009
Admin Fee
0.00%
42.00
345,216.71
9.40%
2009/10
345,174.71
10/3/2009
Insurance Premium
0.00%
202.16
345,418.87
9.40%
2009/10
345,216.71
10/7/2009
Loan Repayment
0.00%
-3,745.26
341,673.61
9.40%
2009/10
345,418.87
355.83
10/31/2009
0.00%
344,407.07
9.40%
2009/10
25
341,673.61
2,199.82
11/1/2009
Admin Fee
0.00%
42.00
344,449.07
9.40%
2009/11
344,407.07
11/3/2009
Insurance Premium
0.00%
202.16
344,651.23
9.40%
2009/11
344,449.07
177.41
11/5/2009
Ad Hoc Repayment
0.00%
-30,000.00
314,651.23
9.40%
2009/11
344,651.23
177.52
11/7/2009
Loan Repayment
0.00%
-3,745.26
310,905.97
9.40%
2009/11
314,651.23
162.07
11/30/2009
0.00%
313,344.62
9.40%
2009/11
24
310,905.97
1,921.65
12/1/2009
Admin Fee
0.00%
42.00
313,386.62
9.40%
2009/12
313,344.62
12/3/2009
Insurance Premium
0.00%
202.16
313,588.78
9.40%
2009/12
313,386.62
12/7/2009
Loan Repayment
0.00%
-3,745.26
309,843.52
9.40%
2009/12
313,588.78
323.04
12/31/2009
0.00%
312,322.86
9.40%
2009/12
25
309,843.52
1,994.88
1/1/2010
Admin Fee
0.00%
46.00
312,368.86
9.40%
2010/1
312,322.86
1/3/2010
Insurance Premium
0.00%
202.16
312,571.02
9.40%
2010/1
312,368.86
1/7/2010
Loan Repayment
0.00%
-3,745.26
308,825.76
9.40%
2010/1
312,571.02
321.99
1/31/2010
0.00%
311,296.97
9.40%
2010/1
25
308,825.76
1,988.33
2/1/2010
Admin Fee
0.00%
46.00
311,342.97
9.40%
2010/2
311,296.97
2/3/2010
Insurance Premium
0.00%
228.20
311,571.17
9.40%
2010/2
311,342.97
160.36
2/7/2010
Loan Repayment
0.00%
-3,745.26
307,825.91
9.40%
2010/2
311,571.17
320.96
2/15/2010
Ad Hoc Repayment
0.00%
-15,000.00
292,825.91
9.40%
2010/2
307,825.91
634.21
2/28/2010
0.00%
294,997.22
9.40%
2010/2
14
292,825.91
1,055.78
3/1/2010
Admin Fee
0.00%
295,043.22
9.40%
2010/3
294,997.22
46.00
2,812.47
Interest
Rate
2,898.08
2,807.39
2,652.02
2,733.46
2,438.66
2,479.34
2,471.21
2,171.31
-
Page 19 of 60
2,150.64
188.56
178.25
177.81
161.42
160.89
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
3/3/2010
Insurance Premium
0.00%
228.20
295,271.42
9.40%
2010/3
295,043.22
3/7/2010
Loan Repayment
0.00%
-3,745.26
291,526.16
9.40%
2010/3
295,271.42
304.17
3/26/2010
8.90%
291,526.16
8.90%
2010/3
19
291,526.16
1,426.48
3/31/2010
0.00%
293,835.29
8.90%
2010/3
291,526.16
426.51
4/1/2010
Admin Fee
0.00%
46.00
293,881.29
8.90%
2010/4
293,835.29
4/3/2010
Insurance Premium
0.00%
228.20
294,109.49
8.90%
2010/4
293,881.29
4/7/2010
Loan Repayment
0.00%
-3,349.31
290,760.18
8.90%
2010/4
294,109.49
286.86
4/30/2010
0.00%
292,891.90
8.90%
2010/4
24
290,760.18
1,701.54
5/1/2010
Admin Fee
0.00%
46.00
292,937.90
8.90%
2010/5
292,891.90
5/3/2010
Insurance Premium
0.00%
228.20
293,166.10
8.90%
2010/5
292,937.90
5/7/2010
Loan Repayment
0.00%
-3,349.31
289,816.79
8.90%
2010/5
293,166.10
285.94
5/31/2010
0.00%
292,012.27
8.90%
2010/5
25
289,816.79
1,766.69
6/1/2010
Admin Fee
0.00%
46.00
292,058.27
8.90%
2010/6
292,012.27
6/3/2010
Insurance Premium
0.00%
228.20
292,286.47
8.90%
2010/6
292,058.27
6/7/2010
Loan Repayment
0.00%
-3,349.31
288,937.16
8.90%
2010/6
292,286.47
285.08
6/30/2010
0.00%
291,055.55
8.90%
2010/6
24
288,937.16
1,690.88
7/1/2010
Admin Fee
0.00%
46.00
291,101.55
8.90%
2010/7
291,055.55
7/3/2010
Insurance Premium
0.00%
228.20
291,329.75
8.90%
2010/7
291,101.55
7/7/2010
Loan Repayment
0.00%
-3,349.31
287,980.44
8.90%
2010/7
291,329.75
284.15
7/31/2010
0.00%
290,162.04
8.90%
2010/7
25
287,980.44
1,755.50
8/1/2010
Admin Fee
0.00%
46.00
290,208.04
8.90%
2010/8
290,162.04
8/3/2010
Insurance Premium
0.00%
228.20
290,436.24
8.90%
2010/8
290,208.04
8/7/2010
Loan Repayment
0.00%
-3,349.31
287,086.93
8.90%
2010/8
290,436.24
283.27
8/31/2010
0.00%
289,261.78
8.90%
2010/8
25
287,086.93
1,750.05
9/1/2010
Admin Fee
0.00%
46.00
289,307.78
8.90%
2010/9
289,261.78
9/3/2010
Insurance Premium
0.00%
228.20
289,535.98
8.90%
2010/9
289,307.78
141.09
9/7/2010
Loan Repayment
0.00%
-3,349.31
286,186.67
8.90%
2010/9
289,535.98
282.40
9/12/2010
8.40%
286,186.67
8.40%
2010/9
286,186.67
348.91
9/30/2010
0.00%
288,210.45
8.40%
2010/9
19
286,186.67
1,251.38
10/1/2010
Admin Fee
0.00%
46.00
288,256.45
8.40%
2010/10
288,210.45
10/3/2010
Insurance Premium
0.00%
228.20
288,484.65
8.40%
2010/10
288,256.45
10/7/2010
Loan Repayment
0.00%
-3,115.83
285,368.82
8.40%
2010/10
288,484.65
265.56
10/31/2010
0.00%
287,408.91
8.40%
2010/10
25
285,368.82
1,641.85
11/1/2010
Admin Fee
0.00%
46.00
287,454.91
8.40%
2010/11
287,408.91
11/3/2010
Insurance Premium
0.00%
228.20
287,683.11
8.40%
2010/11
287,454.91
132.31
11/7/2010
Loan Repayment
0.00%
-3,115.83
284,567.28
8.40%
2010/11
287,683.11
264.83
11/10/2010
7.90%
284,567.28
7.90%
2010/11
284,567.28
196.47
2,309.13
2,131.72
2,195.49
2,118.38
2,181.61
2,174.85
2,023.78
2,040.09
Page 20 of 60
151.97
143.32
142.86
142.43
141.96
141.53
132.68
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
-
Calculated
Interest
Outstanding
Balance
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
11/30/2010
0.00%
286,454.30
7.90%
2010/11
21
284,567.28
12/1/2010
Admin Fee
0.00%
46.00
286,500.30
7.90%
2010/12
286,454.30
12/3/2010
Insurance Premium
0.00%
228.20
286,728.50
7.90%
2010/12
286,500.30
12/7/2010
Loan Repayment
0.00%
-3,034.73
283,693.77
7.90%
2010/12
286,728.50
248.24
12/31/2010
0.00%
285,601.08
7.90%
2010/12
25
283,693.77
1,535.06
1/2/2011
Admin Fee
0.00%
50.00
285,651.08
7.90%
2011/1
285,601.08
61.82
1/3/2011
Insurance Premium
0.00%
228.20
285,879.28
7.90%
2011/1
285,651.08
61.83
1/7/2011
Loan Repayment
0.00%
-3,034.73
282,844.55
7.90%
2011/1
285,879.28
247.50
1/31/2011
0.00%
284,746.15
7.90%
2011/1
25
282,844.55
1,530.46
2/2/2011
Admin Fee
0.00%
50.00
284,796.15
7.90%
2011/2
284,746.15
61.63
2/3/2011
Insurance Premium
0.00%
240.10
285,036.25
7.90%
2011/2
284,796.15
61.64
2/7/2011
Loan Repayment
0.00%
-3,034.73
282,001.52
7.90%
2011/2
285,036.25
246.77
2/28/2011
0.00%
283,714.35
7.90%
2011/2
22
282,001.52
1,342.79
3/2/2011
Admin Fee
0.00%
50.00
283,764.35
7.90%
2011/3
283,714.35
61.41
3/3/2011
Insurance Premium
0.00%
240.10
284,004.45
7.90%
2011/3
283,764.35
61.42
3/7/2011
Loan Repayment
0.00%
-3,034.73
280,969.72
7.90%
2011/3
284,004.45
245.88
3/31/2011
0.00%
282,858.74
7.90%
2011/3
25
280,969.72
1,520.32
4/2/2011
Admin Fee
0.00%
50.00
282,908.74
7.90%
2011/4
282,858.74
61.22
4/3/2011
Insurance Premium
0.00%
240.10
283,148.84
7.90%
2011/4
282,908.74
61.23
4/7/2011
Loan Repayment
0.00%
-3,034.73
280,114.11
7.90%
2011/4
283,148.84
245.14
4/30/2011
0.00%
281,936.76
7.90%
2011/4
24
280,114.11
1,455.06
5/2/2011
Admin Fee
0.00%
50.00
281,986.76
7.90%
2011/5
281,936.76
61.02
5/3/2011
Insurance Premium
0.00%
240.10
282,226.86
7.90%
2011/5
281,986.76
61.03
5/7/2011
Loan Repayment
0.00%
-3,034.73
279,192.13
7.90%
2011/5
282,226.86
244.34
5/31/2011
0.00%
281,069.22
7.90%
2011/5
25
279,192.13
1,510.70
6/2/2011
Admin Fee
0.00%
50.00
281,119.22
7.90%
2011/6
281,069.22
60.83
6/3/2011
Insurance Premium
0.00%
240.10
281,359.32
7.90%
2011/6
281,119.22
60.84
6/7/2011
Loan Repayment
0.00%
-3,034.73
278,324.59
7.90%
2011/6
281,359.32
243.59
6/30/2011
0.00%
280,135.62
7.90%
2011/6
24
278,324.59
1,445.76
7/2/2011
Admin Fee
0.00%
50.00
280,185.62
7.90%
2011/7
280,135.62
60.63
7/3/2011
Insurance Premium
0.00%
240.10
280,425.72
7.90%
2011/7
280,185.62
60.64
7/7/2011
Loan Repayment
0.00%
-3,034.73
277,390.99
7.90%
2011/7
280,425.72
242.78
7/31/2011
0.00%
279,256.00
7.90%
2011/7
25
277,390.99
1,500.95
8/2/2011
Admin Fee
0.00%
50.00
279,306.00
7.90%
2011/8
279,256.00
60.44
8/3/2011
Insurance Premium
0.00%
240.10
279,546.10
7.90%
2011/8
279,306.00
60.45
8/7/2011
Loan Repayment
0.00%
-3,034.73
276,511.37
7.90%
2011/8
279,546.10
242.02
8/31/2011
0.00%
278,370.47
7.90%
2011/8
25
276,511.37
1,496.19
1,887.02
Interest
Rate
1,907.31
1,901.60
1,712.83
1,889.02
1,822.65
1,877.09
1,811.03
1,865.01
1,859.10
Page 21 of 60
1,293.42
124.02
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
9/2/2011
Admin Fee
0.00%
50.00
278,420.47
7.90%
2011/9
278,370.47
9/3/2011
Insurance Premium
0.00%
240.10
278,660.57
7.90%
2011/9
278,420.47
60.26
9/7/2011
Loan Repayment
0.00%
-3,034.73
275,625.84
7.90%
2011/9
278,660.57
241.25
9/30/2011
0.00%
277,419.35
7.90%
2011/9
24
275,625.84
1,431.74
10/2/2011
Admin Fee
0.00%
50.00
277,469.35
7.90%
2011/10
277,419.35
60.04
10/3/2011
Insurance Premium
0.00%
240.10
277,709.45
7.90%
2011/10
277,469.35
60.06
10/7/2011
Loan Repayment
0.00%
-3,034.73
274,674.72
7.90%
2011/10
277,709.45
240.43
10/31/2011
0.00%
276,521.50
7.90%
2011/10
25
274,674.72
1,486.25
11/2/2011
Admin Fee
0.00%
50.00
276,571.50
7.90%
2011/11
276,521.50
59.85
11/3/2011
Insurance Premium
0.00%
240.10
276,811.60
7.90%
2011/11
276,571.50
59.86
11/7/2011
Loan Repayment
0.00%
-3,034.73
273,776.87
7.90%
2011/11
276,811.60
239.65
11/30/2011
0.00%
275,558.37
7.90%
2011/11
24
273,776.87
1,422.14
12/2/2011
Admin Fee
0.00%
50.00
275,608.37
7.90%
2011/12
275,558.37
59.64
12/3/2011
Insurance Premium
0.00%
240.10
275,848.47
7.90%
2011/12
275,608.37
59.65
12/7/2011
Loan Repayment
0.00%
-3,034.73
272,813.74
7.90%
2011/12
275,848.47
238.82
12/31/2011
0.00%
274,648.03
7.90%
2011/12
25
272,813.74
1,476.18
1/2/2012
Admin Fee
0.00%
55.00
274,703.03
7.90%
2012/1
274,648.03
59.44
1/3/2012
Insurance Premium
0.00%
240.10
274,943.13
7.90%
2012/1
274,703.03
59.46
1/7/2012
Loan Repayment
0.00%
-3,039.73
271,903.40
7.90%
2012/1
274,943.13
238.03
1/31/2012
0.00%
273,731.60
7.90%
2012/1
25
271,903.40
1,471.26
2/2/2012
Admin Fee
0.00%
55.00
273,786.60
7.90%
2012/2
273,731.60
59.25
2/3/2012
Insurance Premium
0.00%
254.50
274,041.10
7.90%
2012/2
273,786.60
59.26
2/7/2012
Loan Repayment
0.00%
-3,054.13
270,986.97
7.90%
2012/2
274,041.10
237.25
2/29/2012
0.00%
272,691.72
7.90%
2012/2
23
270,986.97
1,349.00
3/2/2012
Admin Fee
0.00%
55.00
272,746.72
7.90%
2012/3
272,691.72
59.02
3/3/2012
Insurance Premium
0.00%
254.50
273,001.22
7.90%
2012/3
272,746.72
59.03
3/7/2012
Loan Repayment
0.00%
-3,054.13
269,947.09
7.90%
2012/3
273,001.22
236.35
3/31/2012
0.00%
271,762.16
7.90%
2012/3
25
269,947.09
1,460.67
4/2/2012
Admin Fee
0.00%
55.00
271,817.16
7.90%
2012/4
271,762.16
58.82
4/3/2012
Insurance Premium
0.00%
254.50
272,071.66
7.90%
2012/4
271,817.16
58.83
4/7/2012
Loan Repayment
0.00%
-3,054.13
269,017.53
7.90%
2012/4
272,071.66
235.55
4/30/2012
0.00%
270,768.15
7.90%
2012/4
24
269,017.53
1,397.42
5/2/2012
Admin Fee
0.00%
55.00
270,823.15
7.90%
2012/5
270,768.15
58.60
5/3/2012
Insurance Premium
0.00%
254.50
271,077.65
7.90%
2012/5
270,823.15
58.62
5/7/2012
Loan Repayment
0.00%
-3,054.13
268,023.52
7.90%
2012/5
271,077.65
234.69
5/31/2012
0.00%
269,825.69
7.90%
2012/5
25
268,023.52
1,450.26
6/2/2012
Admin Fee
0.00%
269,880.69
7.90%
2012/6
269,825.69
58.40
55.00
1,793.51
1,846.78
1,781.50
1,834.29
1,828.19
1,704.75
1,815.08
1,750.62
1,802.17
-
Page 22 of 60
60.25
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
6/3/2012
Insurance Premium
0.00%
254.50
270,135.19
7.90%
2012/6
269,880.69
58.41
6/7/2012
Loan Repayment
0.00%
-3,054.13
267,081.06
7.90%
2012/6
270,135.19
233.87
6/30/2012
0.00%
268,819.10
7.90%
2012/6
24
267,081.06
1,387.36
7/2/2012
Admin Fee
0.00%
55.00
268,874.10
7.90%
2012/7
268,819.10
58.18
7/3/2012
Insurance Premium
0.00%
254.50
269,128.60
7.90%
2012/7
268,874.10
58.19
7/7/2012
Loan Repayment
0.00%
-3,028.82
266,099.78
7.90%
2012/7
269,128.60
233.00
7/20/2012
7.40%
266,099.78
7.40%
2012/7
13
266,099.78
748.72
7/31/2012
0.00%
267,845.27
7.40%
2012/7
12
266,099.78
647.39
8/2/2012
Admin Fee
0.00%
55.00
267,900.27
7.40%
2012/8
267,845.27
54.30
8/3/2012
Insurance Premium
0.00%
254.50
268,154.77
7.40%
2012/8
267,900.27
54.31
8/7/2012
Loan Repayment
0.00%
-3,028.82
265,125.95
7.40%
2012/8
268,154.77
217.46
8/31/2012
0.00%
266,795.82
7.40%
2012/8
25
265,125.95
1,343.79
9/2/2012
Admin Fee
0.00%
55.00
266,850.82
7.40%
2012/9
266,795.82
54.09
9/3/2012
Insurance Premium
0.00%
254.50
267,105.32
7.40%
2012/9
266,850.82
54.10
9/7/2012
Loan Repayment
0.00%
-3,028.82
264,076.50
7.40%
2012/9
267,105.32
216.61
9/30/2012
0.00%
265,686.24
7.40%
2012/9
24
264,076.50
1,284.93
10/2/2012
Admin Fee
0.00%
55.00
265,741.24
7.40%
2012/10
265,686.24
53.87
10/3/2012
Insurance Premium
0.00%
254.50
265,995.74
7.40%
2012/10
265,741.24
53.88
10/7/2012
Loan Repayment
0.00%
-3,028.82
262,966.92
7.40%
2012/10
265,995.74
215.71
10/31/2012
0.00%
264,623.21
7.40%
2012/10
25
262,966.92
1,332.85
11/2/2012
Admin Fee
0.00%
55.00
264,678.21
7.40%
2012/11
264,623.21
53.65
11/3/2012
Insurance Premium
0.00%
254.50
264,932.71
7.40%
2012/11
264,678.21
53.66
11/7/2012
Loan Repayment
0.00%
-3,028.82
261,903.89
7.40%
2012/11
264,932.71
214.85
11/30/2012
0.00%
263,500.41
7.40%
2012/11
24
261,903.89
1,274.36
12/2/2012
Admin Fee
0.00%
55.00
263,555.41
7.40%
2012/12
263,500.41
53.42
12/3/2012
Insurance Premium
0.00%
254.50
263,809.91
7.40%
2012/12
263,555.41
53.43
12/7/2012
Loan Repayment
0.00%
-3,028.82
260,781.09
7.40%
2012/12
263,809.91
213.94
12/31/2012
0.00%
262,423.66
7.40%
2012/12
25
260,781.09
1,321.77
1/2/2013
Admin Fee
0.00%
60.00
262,483.66
7.40%
2013/1
262,423.66
53.20
1/3/2013
Insurance Premium
0.00%
254.50
262,738.16
7.40%
2013/1
262,483.66
53.22
1/7/2013
Loan Repayment
0.00%
-3,033.82
259,704.34
7.40%
2013/1
262,738.16
213.07
1/31/2013
0.00%
261,340.13
7.40%
2013/1
25
259,704.34
1,316.31
2/2/2013
Admin Fee
0.00%
60.00
261,400.13
7.40%
2013/2
261,340.13
52.98
2/3/2013
Insurance Premium
0.00%
270.00
261,670.13
7.40%
2013/2
261,400.13
53.00
2/7/2013
Loan Repayment
0.00%
-3,049.32
258,620.81
7.40%
2013/2
261,670.13
212.20
2/28/2013
0.00%
260,092.52
7.40%
2013/2
22
258,620.81
1,153.52
3/2/2013
Admin Fee
0.00%
260,152.52
7.40%
2013/3
260,092.52
52.73
60.00
1,738.04
1,745.49
1,669.87
1,609.73
1,656.30
1,596.52
1,642.56
1,635.80
1,471.70
-
Page 23 of 60
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
3/3/2013
Insurance Premium
0.00%
270.00
260,422.52
7.40%
2013/3
260,152.52
52.74
3/7/2013
Loan Repayment
0.00%
-3,049.32
257,373.20
7.40%
2013/3
260,422.52
211.19
3/31/2013
0.00%
258,994.36
7.40%
2013/3
25
257,373.20
1,304.49
4/2/2013
Admin Fee
0.00%
60.00
259,054.36
7.40%
2013/4
258,994.36
52.51
4/3/2013
Insurance Premium
0.00%
270.00
259,324.36
7.40%
2013/4
259,054.36
52.52
4/7/2013
Loan Repayment
0.00%
-3,049.32
256,275.04
7.40%
2013/4
259,324.36
210.30
4/30/2013
0.00%
257,837.34
7.40%
2013/4
24
256,275.04
1,246.97
5/2/2013
Admin Fee
0.00%
60.00
257,897.34
7.40%
2013/5
257,837.34
52.27
5/3/2013
Insurance Premium
0.00%
270.00
258,167.34
7.40%
2013/5
257,897.34
52.29
5/7/2013
Loan Repayment
0.00%
-3,049.32
255,118.02
7.40%
2013/5
258,167.34
209.36
5/31/2013
0.00%
256,725.01
7.40%
2013/5
25
255,118.02
1,293.06
6/2/2013
Admin Fee
0.00%
60.00
256,785.01
7.40%
2013/6
256,725.01
52.05
6/3/2013
Insurance Premium
0.00%
270.00
257,055.01
7.40%
2013/6
256,785.01
52.06
6/7/2013
Loan Repayment
0.00%
-3,049.32
254,005.69
7.40%
2013/6
257,055.01
208.46
6/20/2013
Ad Hoc Repayment
0.00%
-12,500.00
241,505.69
7.40%
2013/6
13
254,005.69
669.46
6/30/2013
0.00%
243,026.31
7.40%
2013/6
11
241,505.69
538.59
7/2/2013
Admin Fee
0.00%
60.00
243,086.31
7.40%
2013/7
243,026.31
49.27
7/3/2013
Insurance Premium
0.00%
270.00
243,356.31
7.40%
2013/7
243,086.31
49.28
7/7/2013
Loan Repayment
0.00%
-3,049.32
240,306.99
7.40%
2013/7
243,356.31
197.35
7/31/2013
0.00%
241,820.89
7.40%
2013/7
25
240,306.99
1,217.99
8/2/2013
Admin Fee
0.00%
60.00
241,880.89
7.40%
2013/8
241,820.89
49.03
8/3/2013
Insurance Premium
0.00%
270.00
242,150.89
7.40%
2013/8
241,880.89
49.04
8/7/2013
Loan Repayment
0.00%
-3,049.32
239,101.57
7.40%
2013/8
242,150.89
196.37
8/31/2013
0.00%
240,607.89
7.40%
2013/8
25
239,101.57
1,211.88
9/2/2013
Admin Fee
0.00%
60.00
240,667.89
7.40%
2013/9
240,607.89
48.78
9/3/2013
Insurance Premium
0.00%
270.00
240,937.89
7.40%
2013/9
240,667.89
48.79
9/7/2013
Loan Repayment
0.00%
-3,049.32
237,888.57
7.40%
2013/9
240,937.89
195.39
9/30/2013
0.00%
239,339.05
7.40%
2013/9
24
237,888.57
1,157.51
10/2/2013
Admin Fee
0.00%
60.00
239,399.05
7.40%
2013/10
239,339.05
48.52
10/3/2013
Insurance Premium
0.00%
270.00
239,669.05
7.40%
2013/10
239,399.05
48.54
10/7/2013
Loan Repayment
0.00%
-3,049.32
236,619.73
7.40%
2013/10
239,669.05
194.36
10/25/2013
Ad Hoc Repayment
0.00%
-20,000.00
216,619.73
7.40%
2013/10
18
236,619.73
863.50
10/31/2013
0.00%
218,082.07
7.40%
2013/10
216,619.73
307.42
11/2/2013
Admin Fee
0.00%
60.00
218,142.07
7.40%
2013/11
218,082.07
44.21
11/3/2013
Insurance Premium
0.00%
270.00
218,412.07
7.40%
2013/11
218,142.07
44.23
11/7/2013
Loan Repayment
0.00%
-3,049.32
215,362.75
7.40%
2013/11
218,412.07
177.12
11/30/2013
0.00%
216,676.21
7.40%
2013/11
24
215,362.75
1,047.90
1,621.16
1,562.30
1,606.99
1,520.62
1,513.90
1,506.32
1,450.47
1,462.34
1,313.47
Page 24 of 60
Loan Statement
Date
Code
New Interest
Rate
Transaction
Amount
Calculated
Interest
Outstanding
Balance
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
12/2/2013
Admin Fee
0.00%
60.00
216,736.21
7.40%
2013/12
216,676.21
12/3/2013
Insurance Premium
0.00%
270.00
217,006.21
7.40%
2013/12
216,736.21
43.94
12/7/2013
Loan Repayment
0.00%
-3,049.32
213,956.89
7.40%
2013/12
217,006.21
175.98
12/31/2013
0.00%
215,305.19
7.40%
2013/12
25
213,956.89
1,084.44
1/2/2014
Admin Fee
0.00%
65.00
215,370.19
7.40%
2014/1
215,305.19
43.65
1/3/2014
Insurance Premium
0.00%
270.00
215,640.19
7.40%
2014/1
215,370.19
43.66
1/7/2014
Loan Repayment
0.00%
-3,054.32
212,585.87
7.40%
2014/1
215,640.19
174.88
1/27/2014
7.90%
212,585.87
7.90%
2014/1
20
212,585.87
861.99
1/31/2014
0.00%
213,940.11
7.90%
2014/1
212,585.87
230.06
2/2/2014
Admin Fee
0.00%
65.00
214,005.11
7.90%
2014/2
213,940.11
46.30
2/3/2014
Insurance Premium
0.00%
300.00
214,305.11
7.90%
2014/2
214,005.11
46.32
2/7/2014
Loan Repayment
0.00%
-2,761.86
211,543.25
7.90%
2014/2
214,305.11
185.54
2/28/2014
0.00%
212,828.70
7.90%
2014/2
22
211,543.25
1,007.29
3/2/2014
Admin Fee
0.00%
65.00
212,893.70
7.90%
2014/3
212,828.70
46.06
3/3/2014
Insurance Premium
0.00%
300.00
213,193.70
7.90%
2014/3
212,893.70
46.08
3/7/2014
Loan Repayment
0.00%
-2,761.86
210,431.84
7.90%
2014/3
213,193.70
184.57
3/31/2014
0.00%
211,847.19
7.90%
2014/3
25
210,431.84
1,138.64
4/2/2014
Admin Fee
0.00%
65.00
211,912.19
7.90%
2014/4
211,847.19
45.85
4/3/2014
Insurance Premium
0.00%
300.00
212,212.19
7.90%
2014/4
211,912.19
45.87
4/7/2014
Loan Repayment
0.00%
-2,761.86
209,450.33
7.90%
2014/4
212,212.19
183.72
4/21/2014
Ad Hoc Repayment
0.00%
-15,800.00
193,650.33
7.90%
2014/4
14
209,450.33
634.66
4/30/2014
0.00%
194,979.57
7.90%
2014/4
10
193,650.33
419.13
5/2/2014
Admin Fee
0.00%
65.00
195,044.57
7.90%
2014/5
194,979.57
42.20
5/3/2014
Insurance Premium
0.00%
300.00
195,344.57
7.90%
2014/5
195,044.57
42.22
5/7/2014
Loan Repayment
0.00%
-2,761.86
192,582.71
7.90%
2014/5
195,344.57
169.12
5/31/2014
0.00%
193,878.31
7.90%
2014/5
25
192,582.71
1,042.06
6/2/2014
Admin Fee
0.00%
65.00
193,943.31
7.90%
2014/6
193,878.31
41.96
6/3/2014
Insurance Premium
0.00%
300.00
194,243.31
7.90%
2014/6
193,943.31
41.98
6/7/2014
Loan Repayment
0.00%
-2,761.86
191,481.45
7.90%
2014/6
194,243.31
168.17
6/20/2014
Ad Hoc Repayment
0.00%
-7,300.00
184,181.45
7.90%
2014/6
13
191,481.45
538.77
6/30/2014
0.00%
185,410.83
7.90%
2014/6
11
184,181.45
438.50
1,348.29
1,354.24
1,285.45
1,415.35
1,329.24
1,295.59
1,229.38
On
On this
this sheet:
sheet:
All
All loan
loan account
account transactions
transactions should
should be
be recorded
recorded on
on this
this sheet
sheet in
in order
order to
to calculate
calculate the
the loan
loan account
account
statement
statement balances.
balances. The
The calculations
calculations on
on this
this sheet
sheet accommodate
accommodate an
an unlimited
unlimited number
number of
of interest
interest rate
rate
changes
changes and
and ad
ad hoc
hoc loan
loan repayments
repayments and
and facilitate
facilitate daily
daily interest
interest calculations.
calculations. Loan
Loan account
account balances
balances are
are
calculated
calculated and
and displayed
displayed on
on all
all transaction
transaction dates.
dates. User
User input
input is
is limited
limited to
to entering
entering the
the transaction
transaction date,
date,
transaction
transaction code,
code, new
new interest
interest rate
rate (only
(only for
for interest
interest rate
rate changes)
changes) and
and the
the transaction
transaction amount.
amount. All
All the
the
columns
columns with
with aa light
light blue
blue column
column heading
heading contain
contain formulas
formulas that
that should
should be
be copied
copied for
for all
all new
new transactions
transactions
that
that are
are recorded
recorded on
on this
this sheet.
sheet.
Page 25 of 60
43.93
Loan Statement
On
On this
this sheet:
sheet:
All
All loan
loan account
account transactions
transactions should
should be
be recorded
recorded on
on this
this sheet
sheet in
in order
order to
to calculate
calculate the
the loan
loan account
account
statement
statement balances.
balances. The
The calculations
calculations on
on this
this sheet
sheet accommodate
accommodate an
an unlimited
unlimited number
number of
of interest
interest rate
rate
changes
daily
calculations.
are
New Interest
Transaction
Calculated
Outstanding
changes and
and ad
ad hoc
hoc loan
loan repayments
repayments and
and facilitate
facilitate
daily interest
interest
calculations. Loan
Loan account
account balances
balances
are
calculated
displayed
on
the
date,
RateUser
Amount
Interest
Balance
Date
Code and
Transaction
calculated
and
displayedDescription
on all
all transaction
transaction dates.
dates.
User input
input is
is limited
limited to
to entering
entering
the transaction
transaction
date,
transaction
transaction code,
code, new
new interest
interest rate
rate (only
(only for
for interest
interest rate
rate changes)
changes) and
and the
the transaction
transaction amount.
amount. All
All the
the
columns
columns with
with aa light
light blue
blue column
column heading
heading contain
contain formulas
formulas that
that should
should be
be copied
copied for
for all
all new
new transactions
transactions
that
that are
are recorded
recorded on
on this
this sheet.
sheet.
Page 26 of 60
Interest
Rate
Transaction
Month
Interest
Days
Transaction
Closing
Accrued
Interest
Loan Summary
Month
Apr-2005
Opening
Balance
Loan Advance
-
400,000.00
Loan
Repayment
Ad Hoc
Repayment
-
Interest
Capitalized
Admin Fee
Insurance
Premium
Closing
Balance
Other
Number of
Repayments
3,535.55
5.70
147.40
403,688.65
May-2005
403,688.65
-4,214.02
3,655.97
5.70
147.40
403,283.70
1.00
Jun-2005
403,283.70
-4,214.02
3,534.78
5.70
147.40
402,757.57
2.00
Jul-2005
402,757.57
-4,214.02
3,647.56
5.70
147.40
402,344.20
3.00
Aug-2005
402,344.20
-4,214.02
3,645.03
5.70
147.40
401,928.31
4.00
Sep-2005
401,928.31
-4,214.02
3,522.81
5.70
147.40
401,390.20
5.00
Oct-2005
401,390.20
-4,214.02
3,613.26
5.70
147.40
400,942.54
6.00
Nov-2005
400,942.54
-4,108.49
3,351.36
5.70
147.40
400,338.51
7.00
Dec-2005
400,338.51
-4,108.49
3,457.59
5.70
147.40
399,840.70
8.00
Jan-2006
399,840.70
-4,108.49
3,422.27
5.70
147.40
394,307.59
9.00
Feb-2006
394,307.59
-4,125.58
3,076.25
5.70
164.49
393,428.45
10.00
Mar-2006
393,428.45
-4,125.58
3,397.41
5.70
164.49
392,870.47
11.00
Apr-2006
392,870.47
-4,125.58
3,283.34
5.70
164.49
392,198.41
12.00
May-2006
392,198.41
-4,125.58
3,387.86
5.70
164.49
391,630.88
13.00
Jun-2006
391,630.88
-4,125.58
3,363.22
5.70
164.49
391,038.71
14.00
Jul-2006
391,038.71
-4,184.88
3,540.88
5.70
164.49
390,564.90
15.00
Aug-2006
390,564.90
-4,348.45
3,678.43
5.70
164.49
390,065.07
16.00
Sep-2006
390,065.07
-4,348.45
3,576.12
5.70
164.49
389,462.93
17.00
Oct-2006
389,462.93
-4,348.45
3,784.26
5.70
164.49
389,068.92
18.00
Nov-2006
389,068.92
-4,499.32
3,724.28
5.70
164.49
388,464.07
19.00
Dec-2006
388,464.07
-4,499.32
3,963.12
5.70
164.49
388,098.06
20.00
Jan-2007
388,098.06
-4,564.51
4,002.71
5.70
164.49
387,706.45
21.00
Feb-2007
387,706.45
-4,571.06
3,611.23
5.70
171.04
386,923.36
22.00
Mar-2007
386,923.36
-4,571.06
3,989.02
5.70
171.04
386,518.06
23.00
Apr-2007
386,518.06
-4,571.06
3,856.50
5.70
171.04
385,980.24
24.00
May-2007
385,980.24
-4,571.06
3,979.15
5.70
171.04
385,565.07
25.00
Jun-2007
385,565.07
-4,571.06
3,967.06
5.70
171.04
385,137.81
26.00
Jul-2007
385,137.81
-4,699.12
4,071.94
5.70
171.04
374,687.37
27.00
Aug-2007
374,687.37
-4,699.12
4,094.28
5.70
171.04
374,259.27
28.00
Sep-2007
374,259.27
-4,721.31
4,036.50
5.70
171.04
373,751.20
29.00
Oct-2007
373,751.20
-4,571.65
3,926.81
5.70
171.04
373,283.10
30.00
Nov-2007
373,283.10
-4,571.65
3,769.19
35.00
171.04
372,686.68
31.00
Dec-2007
372,686.68
-4,829.64
4,138.09
35.00
171.04
372,201.16
32.00
Jan-2008
372,201.16
-4,829.64
4,100.22
35.00
171.04
356,677.78
33.00
Feb-2008
356,677.78
-4,839.63
3,758.77
37.00
179.03
355,812.95
34.00
Mar-2008
355,812.95
-4,839.63
4,007.35
37.00
179.03
355,196.70
35.00
-5,000.00
-10,000.00
-15,000.00
Page 27 of 60
Loan Summary
Month
Opening
Balance
Loan Advance
Loan
Repayment
Ad Hoc
Repayment
Interest
Capitalized
Admin Fee
Insurance
Premium
Closing
Balance
Other
Number of
Repayments
Apr-2008
355,196.70
-4,839.63
3,967.75
37.00
179.03
354,540.85
36.00
May-2008
354,540.85
-4,711.86
4,142.91
37.00
179.03
354,187.93
37.00
Jun-2008
354,187.93
-4,711.86
4,091.95
37.00
179.03
353,784.06
38.00
Jul-2008
353,784.06
-4,837.15
4,281.69
37.00
179.03
353,444.63
39.00
Aug-2008
353,444.63
-4,837.15
4,277.54
37.00
179.03
353,101.05
40.00
Sep-2008
353,101.05
-4,837.15
4,137.76
37.00
179.03
352,617.69
41.00
Oct-2008
352,617.69
-4,837.15
4,267.43
37.00
179.03
352,264.00
42.00
Nov-2008
352,264.00
-4,837.15
4,125.88
37.00
179.03
351,768.75
43.00
Dec-2008
351,768.75
-4,837.15
4,163.84
37.00
179.03
351,311.47
44.00
Jan-2009
351,311.47
-4,719.16
4,104.93
42.00
179.03
350,918.27
45.00
Feb-2009
350,918.27
-4,488.39
3,488.10
42.00
202.16
350,162.14
46.00
Mar-2009
350,162.14
-4,488.39
3,732.95
42.00
202.16
349,650.87
47.00
Apr-2009
349,650.87
-4,300.28
3,388.55
42.00
202.16
348,983.29
48.00
May-2009
348,983.29
-4,300.28
3,437.63
42.00
202.16
348,364.80
49.00
Jun-2009
348,364.80
-3,863.81
2,812.47
42.00
202.16
347,557.62
50.00
Jul-2009
347,557.62
-3,863.81
2,898.08
42.00
202.16
346,836.05
51.00
Aug-2009
346,836.05
-3,863.81
2,807.39
42.00
202.16
346,023.79
52.00
Sep-2009
346,023.79
-3,745.26
2,652.02
42.00
202.16
345,174.71
53.00
Oct-2009
345,174.71
-3,745.26
2,733.46
42.00
202.16
344,407.07
54.00
Nov-2009
344,407.07
-3,745.26
2,438.66
42.00
202.16
313,344.62
55.00
Dec-2009
313,344.62
-3,745.26
2,479.34
42.00
202.16
312,322.86
56.00
Jan-2010
312,322.86
-3,745.26
2,471.21
46.00
202.16
311,296.97
57.00
Feb-2010
311,296.97
-3,745.26
2,171.31
46.00
228.20
294,997.22
58.00
Mar-2010
294,997.22
-3,745.26
2,309.13
46.00
228.20
293,835.29
59.00
Apr-2010
293,835.29
-3,349.31
2,131.72
46.00
228.20
292,891.90
60.00
May-2010
292,891.90
-3,349.31
2,195.49
46.00
228.20
292,012.27
61.00
Jun-2010
292,012.27
-3,349.31
2,118.38
46.00
228.20
291,055.55
62.00
Jul-2010
291,055.55
-3,349.31
2,181.61
46.00
228.20
290,162.04
63.00
Aug-2010
290,162.04
-3,349.31
2,174.85
46.00
228.20
289,261.78
64.00
Sep-2010
289,261.78
-3,349.31
2,023.78
46.00
228.20
288,210.45
65.00
Oct-2010
288,210.45
-3,115.83
2,040.09
46.00
228.20
287,408.91
66.00
Nov-2010
287,408.91
-3,115.83
1,887.02
46.00
228.20
286,454.30
67.00
Dec-2010
286,454.30
-3,034.73
1,907.31
46.00
228.20
285,601.08
68.00
Jan-2011
285,601.08
-3,034.73
1,901.60
50.00
228.20
284,746.15
69.00
Feb-2011
284,746.15
-3,034.73
1,712.83
50.00
240.10
283,714.35
70.00
Mar-2011
283,714.35
-3,034.73
1,889.02
50.00
240.10
282,858.74
71.00
-30,000.00
-15,000.00
Page 28 of 60
Loan Summary
Month
Opening
Balance
Loan Advance
Loan
Repayment
Ad Hoc
Repayment
Interest
Capitalized
Admin Fee
Insurance
Premium
Closing
Balance
Other
Number of
Repayments
Apr-2011
282,858.74
-3,034.73
1,822.65
50.00
240.10
281,936.76
72.00
May-2011
281,936.76
-3,034.73
1,877.09
50.00
240.10
281,069.22
73.00
Jun-2011
281,069.22
-3,034.73
1,811.03
50.00
240.10
280,135.62
74.00
Jul-2011
280,135.62
-3,034.73
1,865.01
50.00
240.10
279,256.00
75.00
Aug-2011
279,256.00
-3,034.73
1,859.10
50.00
240.10
278,370.47
76.00
Sep-2011
278,370.47
-3,034.73
1,793.51
50.00
240.10
277,419.35
77.00
Oct-2011
277,419.35
-3,034.73
1,846.78
50.00
240.10
276,521.50
78.00
Nov-2011
276,521.50
-3,034.73
1,781.50
50.00
240.10
275,558.37
79.00
Dec-2011
275,558.37
-3,034.73
1,834.29
50.00
240.10
274,648.03
80.00
Jan-2012
274,648.03
-3,039.73
1,828.19
55.00
240.10
273,731.60
81.00
Feb-2012
273,731.60
-3,054.13
1,704.75
55.00
254.50
272,691.72
82.00
Mar-2012
272,691.72
-3,054.13
1,815.08
55.00
254.50
271,762.16
83.00
Apr-2012
271,762.16
-3,054.13
1,750.62
55.00
254.50
270,768.15
84.00
May-2012
270,768.15
-3,054.13
1,802.17
55.00
254.50
269,825.69
85.00
Jun-2012
269,825.69
-3,054.13
1,738.04
55.00
254.50
268,819.10
86.00
Jul-2012
268,819.10
-3,028.82
1,745.49
55.00
254.50
267,845.27
87.00
Aug-2012
267,845.27
-3,028.82
1,669.87
55.00
254.50
266,795.82
88.00
Sep-2012
266,795.82
-3,028.82
1,609.73
55.00
254.50
265,686.24
89.00
Oct-2012
265,686.24
-3,028.82
1,656.30
55.00
254.50
264,623.21
90.00
Nov-2012
264,623.21
-3,028.82
1,596.52
55.00
254.50
263,500.41
91.00
Dec-2012
263,500.41
-3,028.82
1,642.56
55.00
254.50
262,423.66
92.00
Jan-2013
262,423.66
-3,033.82
1,635.80
60.00
254.50
261,340.13
93.00
Feb-2013
261,340.13
-3,049.32
1,471.70
60.00
270.00
260,092.52
94.00
Mar-2013
260,092.52
-3,049.32
1,621.16
60.00
270.00
258,994.36
95.00
Apr-2013
258,994.36
-3,049.32
1,562.30
60.00
270.00
257,837.34
96.00
May-2013
257,837.34
-3,049.32
1,606.99
60.00
270.00
256,725.01
97.00
Jun-2013
256,725.01
-3,049.32
1,520.62
60.00
270.00
243,026.31
98.00
Jul-2013
243,026.31
-3,049.32
1,513.90
60.00
270.00
241,820.89
99.00
Aug-2013
241,820.89
-3,049.32
1,506.32
60.00
270.00
240,607.89
100.00
Sep-2013
240,607.89
-3,049.32
1,450.47
60.00
270.00
239,339.05
101.00
Oct-2013
239,339.05
-3,049.32
1,462.34
60.00
270.00
218,082.07
102.00
Nov-2013
218,082.07
-3,049.32
1,313.47
60.00
270.00
216,676.21
103.00
Dec-2013
216,676.21
-3,049.32
1,348.29
60.00
270.00
215,305.19
104.00
Jan-2014
215,305.19
-3,054.32
1,354.24
65.00
270.00
213,940.11
105.00
Feb-2014
213,940.11
-2,761.86
1,285.45
65.00
300.00
212,828.70
106.00
Mar-2014
212,828.70
-2,761.86
1,415.35
65.00
300.00
211,847.19
107.00
-12,500.00
-20,000.00
Page 29 of 60
Loan Summary
Month
Opening
Balance
Loan Advance
Loan
Repayment
Apr-2014
211,847.19
-2,761.86
May-2014
194,979.57
-2,761.86
Jun-2014
193,878.31
-2,761.86
Ad Hoc
Repayment
Interest
Capitalized
-15,800.00
-7,300.00
Admin Fee
Insurance
Premium
Closing
Balance
Other
Number of
Repayments
1,329.24
65.00
300.00
194,979.57
108.00
1,295.59
65.00
300.00
193,878.31
109.00
1,229.38
65.00
300.00
185,410.83
110.00
On
Onthis
this sheet:
sheet:
All
All the
the amounts
amounts on
on this
this loan
loan summary
summary are
are automatically
automatically calculated
calculated based
based on
on the
the transactions
transactions
that
that are
are recorded
recorded on
on the
the Statement
Statement sheet.
sheet. You
You can
can add
add additional
additional monthly
monthly periods
periods to
to the
the
sheet
sheet by
by simply
simply copying
copying the
the formulas
formulas from
from one
one of
of the
the existing
existing rows.
rows. No
No user
user input
input is
is required
required
on
on this
this sheet.
sheet.
Page 30 of 60
Loan Review
Review Date
Loan Period
6/30/2014
240.00
Number of Actual Repayments
110.00
Remaining Loan Repayments
130.00
Loan History (as at review date)

Loan Advances
Scheduled Loan Repayments
Initial
Amortization
Actual Loan
400,000.00
424,609.52
Ad Hoc Loan Repayments
424,609.52
400,000.00
Difference
Loan Period Summary

-
344,903.35
400,000.00
400,000.00
Total Loan Repayments
926,420.78
793,084.21
744,903.35
Interest: Actual vs Initial Amortization
544,180.83
-119,571.31
Actual Interest: Amortization vs Forecast

Effective Annual Interest Rate
Interest Repayment
330,333.85
301,988.72
28,345.13
27,602.94
-27,602.94
Other Costs
393,084.21
400,000.00
-130,600.00
214,589.17
Outstanding Loan Balance
526,420.78
130,600.00
94,275.68
-
305,724.32
Initial
Amortization
185,410.83
Actual Loan:
Standard
Actual Loan:
Forecast
Total Capital Repayments

11,028.69
Capital Repayment
Actual Loan:
Standard
Total Interest Charges
413,580.83
Loan Repayment Breakdown
Initial
Amortization
133,336.57
48,180.86
10.00%
7.83%
7.01%
-120,313.50
120,313.50
Actual Loan:
Forecast
Capital
305,724.32
185,410.83
Interest
196,086.93
91,095.49
185,410.83
42,914.63
Total Remaining Loan Repayments
501,811.26
276,506.32
228,325.46
On
On this
this sheet:
sheet:
This
This sheet
sheet includes
includes aa comprehensive
comprehensive analysis
analysis of
of loan
loan account
account balances
balances and
and interest
interest
charges
charges for
for the
the entire
entire loan
loan period.
period. Actual
Actual loan
loan balances
balances are
are calculated
calculated from
from the
the
transactions
transactions that
that are
are recorded
recorded on
on the
the Statement
Statement sheet
sheet and
and added
added to
to the
the forecasted
forecasted loan
loan
amortization
amortization calculations
calculations for
for the
the remaining
remaining loan
loan repayment
repayment period
period before
before being
being compared
compared
to
to initial
initial loan
loan amortization
amortization calculations.
calculations. The
The loan
loan repayment
repayment forecasts
forecasts are
are calculated
calculated based
based
on
on aa standard
amortization table
table and
and an
an amortization
amortization table
table that
that accommodates
accommodates ad
ad hoc
hoc loan
loan
repayments.
repayments. The
The only
only user
user input
input that
that is
is required
required on
on this
this sheet
sheet is
is selecting
selecting the
the appropriate
appropriate
loan
loan review
review period
period from
from the
the list
list box
box in
in cell
cell B3.
B3.
Page 31 of 60
Initial Loan Amortization Table

Principle Loan Amount
400,000
Annual Interest Rate
400,000
10.00%
Loan Period (in Months)
240.00
Repayment Commencement Date
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
May-2005
400,000.00
3,860.09
3,333.33
526.75
399,473.25
99.9%
Jun-2005
399,473.25
3,860.09
3,328.94
531.14
398,942.10
99.7%
Jul-2005
398,942.10
3,860.09
3,324.52
535.57
398,406.53
99.6%
Aug-2005
398,406.53
3,860.09
3,320.05
540.03
397,866.50
99.5%
Sep-2005
397,866.50
3,860.09
3,315.55
544.53
397,321.97
99.3%
Oct-2005
397,321.97
3,860.09
3,311.02
549.07
396,772.90
99.2%
Nov-2005
396,772.90
3,860.09
99.1%
Dec-2005
Jan-2006
3,306.44
553.65
396,219.25
On
On this
this sheet:
sheet:
396,219.25
3,860.09
3,301.83table calculation
558.26 that is
395,660.99
This
sheet
includes
an
initial
amortization
This sheet includes an initial amortization table calculation that is used
used
395,660.99
3,860.09
3,297.17
562.91
to
compare
the
initial
loan
terms
to
actual
loan
account
balances.
All
to compare the initial loan terms to actual loan account balances.395,098.08
All the
the
Feb-2006
10
Mar-2006
11
Apr-2006
12
393,958.15
3,860.09
3,282.98
577.10
393,381.05
98.3%
May-2006
13
393,381.05
3,860.09
3,278.18
581.91
392,799.14
98.2%
Jun-2006
14
392,799.14
3,860.09
3,273.33
586.76
392,212.37
98.1%
Jul-2006
15
392,212.37
3,860.09
3,268.44
591.65
391,620.72
97.9%
Aug-2006
16
391,620.72
3,860.09
3,263.51
596.58
391,024.14
97.8%
Sep-2006
17
391,024.14
3,860.09
3,258.53
601.55
390,422.59
97.6%
Oct-2006
18
390,422.59
3,860.09
3,253.52
606.56
389,816.03
97.5%
Nov-2006
19
389,816.03
3,860.09
3,248.47
611.62
389,204.41
97.3%
Dec-2006
20
389,204.41
3,860.09
3,243.37
616.72
388,587.69
97.1%
Jan-2007
21
388,587.69
3,860.09
3,238.23
621.86
387,965.83
97.0%
Feb-2007
22
387,965.83
3,860.09
3,233.05
627.04
387,338.80
96.8%
Mar-2007
23
387,338.80
3,860.09
3,227.82
632.26
386,706.53
96.7%
Apr-2007
24
386,706.53
3,860.09
3,222.55
637.53
386,069.00
96.5%
May-2007
25
386,069.00
3,860.09
3,217.24
642.84
385,426.16
96.4%
Jun-2007
26
385,426.16
3,860.09
3,211.88
648.20
384,777.95
96.2%
Jul-2007
27
384,777.95
3,860.09
3,206.48
653.60
384,124.35
96.0%
Aug-2007
28
384,124.35
3,860.09
3,201.04
659.05
383,465.30
95.9%
Sep-2007
29
383,465.30
3,860.09
3,195.54
664.54
382,800.76
95.7%
Oct-2007
30
382,800.76
3,860.09
3,190.01
670.08
382,130.68
95.5%
Nov-2007
31
382,130.68
3,860.09
3,184.42
675.66
381,455.01
95.4%
Dec-2007
32
381,455.01
3,860.09
3,178.79
681.29
380,773.72
95.2%
Jan-2008
33
380,773.72
3,860.09
3,173.11
686.97
380,086.75
95.0%
Feb-2008
34
380,086.75
3,860.09
3,167.39
692.70
379,394.05
94.8%
Mar-2008
35
379,394.05
3,860.09
3,161.62
698.47
378,695.58
94.7%
Apr-2008
36
378,695.58
3,860.09
3,155.80
704.29
377,991.29
94.5%
May-2008
37
377,991.29
3,860.09
3,149.93
710.16
377,281.13
94.3%
Jun-2008
38
377,281.13
3,860.09
3,144.01
716.08
376,565.05
94.1%
Jul-2008
39
376,565.05
3,860.09
3,138.04
722.04
375,843.01
94.0%
Aug-2008
40
375,843.01
3,860.09
3,132.03
728.06
375,114.95
93.8%
Sep-2008
41
375,114.95
3,860.09
3,125.96
734.13
374,380.82
93.6%
Oct-2008
42
374,380.82
3,860.09
3,119.84
740.25
373,640.57
93.4%
Nov-2008
43
373,640.57
3,860.09
3,113.67
746.42
372,894.16
93.2%
Dec-2008
44
372,894.16
3,860.09
3,107.45
752.64
372,141.52
93.0%
Jan-2009
45
372,141.52
3,860.09
3,101.18
758.91
371,382.62
92.8%
Feb-2009
46
371,382.62
3,860.09
3,094.86
765.23
370,617.38
92.7%
Mar-2009
47
370,617.38
3,860.09
3,088.48
771.61
369,845.78
92.5%
Apr-2009
48
369,845.78
3,860.09
3,082.05
778.04
369,067.74
92.3%
May-2009
49
369,067.74
3,860.09
3,075.56
784.52
368,283.21
92.1%
Jun-2009
50
368,283.21
3,860.09
3,069.03
791.06
367,492.15
91.9%
Jul-2009
51
367,492.15
3,860.09
3,062.43
797.65
366,694.50
91.7%
Aug-2009
52
366,694.50
3,860.09
3,055.79
804.30
365,890.20
91.5%
Sep-2009
53
365,890.20
3,860.09
3,049.09
811.00
365,079.20
91.3%
Oct-2009
54
365,079.20
3,860.09
3,042.33
817.76
364,261.44
91.1%
Capital Repaid
Closing
Balance
amortization
are
on
that
395,098.08 calculations
3,860.09
567.60
394,530.48
amortization
calculations
are based
based3,292.48
on the
the loan
loan terms
terms
that are
are specified
specified
in cells
cells D3
D3 to
to D6.
D6.
394,530.48
3,860.09 in
3,287.75
572.33
393,958.15
Page 32 of 60
% Outstanding
98.9%
98.8%
98.6%
98.5%

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Nov-2009
55
364,261.44
3,860.09
3,035.51
824.57
363,436.87
90.9%
Dec-2009
56
363,436.87
3,860.09
3,028.64
831.45
362,605.42
90.7%
Jan-2010
57
362,605.42
3,860.09
3,021.71
838.37
361,767.05
90.4%
Feb-2010
58
361,767.05
3,860.09
3,014.73
845.36
360,921.69
90.2%
Mar-2010
59
360,921.69
3,860.09
3,007.68
852.41
360,069.28
90.0%
Apr-2010
60
360,069.28
3,860.09
3,000.58
859.51
359,209.77
89.8%
May-2010
61
359,209.77
3,860.09
2,993.41
866.67
358,343.10
89.6%
Jun-2010
62
358,343.10
3,860.09
2,986.19
873.89
357,469.20
89.4%
Jul-2010
63
357,469.20
3,860.09
2,978.91
881.18
356,588.03
89.1%
Aug-2010
64
356,588.03
3,860.09
2,971.57
888.52
355,699.51
88.9%
Sep-2010
65
355,699.51
3,860.09
2,964.16
895.92
354,803.58
88.7%
Oct-2010
66
354,803.58
3,860.09
2,956.70
903.39
353,900.19
88.5%
Nov-2010
67
353,900.19
3,860.09
2,949.17
910.92
352,989.28
88.2%
Dec-2010
68
352,989.28
3,860.09
2,941.58
918.51
352,070.77
88.0%
Jan-2011
69
352,070.77
3,860.09
2,933.92
926.16
351,144.60
87.8%
Feb-2011
70
351,144.60
3,860.09
2,926.21
933.88
350,210.72
87.6%
Mar-2011
71
350,210.72
3,860.09
2,918.42
941.66
349,269.06
87.3%
Apr-2011
72
349,269.06
3,860.09
2,910.58
949.51
348,319.55
87.1%
May-2011
73
348,319.55
3,860.09
2,902.66
957.42
347,362.12
86.8%
Jun-2011
74
347,362.12
3,860.09
2,894.68
965.40
346,396.72
86.6%
Jul-2011
75
346,396.72
3,860.09
2,886.64
973.45
345,423.27
86.4%
Aug-2011
76
345,423.27
3,860.09
2,878.53
981.56
344,441.71
86.1%
Sep-2011
77
344,441.71
3,860.09
2,870.35
989.74
343,451.98
85.9%
Oct-2011
78
343,451.98
3,860.09
2,862.10
997.99
342,453.99
85.6%
Nov-2011
79
342,453.99
3,860.09
2,853.78
1,006.30
341,447.69
85.4%
Dec-2011
80
341,447.69
3,860.09
2,845.40
1,014.69
340,433.00
85.1%
Jan-2012
81
340,433.00
3,860.09
2,836.94
1,023.14
339,409.85
84.9%
Feb-2012
82
339,409.85
3,860.09
2,828.42
1,031.67
338,378.18
84.6%
Mar-2012
83
338,378.18
3,860.09
2,819.82
1,040.27
337,337.91
84.3%
Apr-2012
84
337,337.91
3,860.09
2,811.15
1,048.94
336,288.97
84.1%
May-2012
85
336,288.97
3,860.09
2,802.41
1,057.68
335,231.30
83.8%
Jun-2012
86
335,231.30
3,860.09
2,793.59
1,066.49
334,164.80
83.5%
Jul-2012
87
334,164.80
3,860.09
2,784.71
1,075.38
333,089.42
83.3%
Aug-2012
88
333,089.42
3,860.09
2,775.75
1,084.34
332,005.08
83.0%
Sep-2012
89
332,005.08
3,860.09
2,766.71
1,093.38
330,911.70
82.7%
Oct-2012
90
330,911.70
3,860.09
2,757.60
1,102.49
329,809.22
82.5%
Nov-2012
91
329,809.22
3,860.09
2,748.41
1,111.68
328,697.54
82.2%
Dec-2012
92
328,697.54
3,860.09
2,739.15
1,120.94
327,576.60
81.9%
Jan-2013
93
327,576.60
3,860.09
2,729.80
1,130.28
326,446.32
81.6%
Feb-2013
94
326,446.32
3,860.09
2,720.39
1,139.70
325,306.62
81.3%
Mar-2013
95
325,306.62
3,860.09
2,710.89
1,149.20
324,157.42
81.0%
Apr-2013
96
324,157.42
3,860.09
2,701.31
1,158.77
322,998.64
80.7%
May-2013
97
322,998.64
3,860.09
2,691.66
1,168.43
321,830.21
80.5%
Jun-2013
98
321,830.21
3,860.09
2,681.92
1,178.17
320,652.04
80.2%
Jul-2013
99
320,652.04
3,860.09
2,672.10
1,187.99
319,464.06
79.9%
Aug-2013
100
319,464.06
3,860.09
2,662.20
1,197.89
318,266.17
79.6%
Sep-2013
101
318,266.17
3,860.09
2,652.22
1,207.87
317,058.30
79.3%
Oct-2013
102
317,058.30
3,860.09
2,642.15
1,217.93
315,840.37
79.0%
Nov-2013
103
315,840.37
3,860.09
2,632.00
1,228.08
314,612.29
78.7%
Dec-2013
104
314,612.29
3,860.09
2,621.77
1,238.32
313,373.97
78.3%
Jan-2014
105
313,373.97
3,860.09
2,611.45
1,248.64
312,125.33
78.0%
Feb-2014
106
312,125.33
3,860.09
2,601.04
1,259.04
310,866.29
77.7%
Mar-2014
107
310,866.29
3,860.09
2,590.55
1,269.53
309,596.76
77.4%
Apr-2014
108
309,596.76
3,860.09
2,579.97
1,280.11
308,316.64
77.1%
Page 33 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
May-2014
109
308,316.64
3,860.09
2,569.31
1,290.78
307,025.86
76.8%
Jun-2014
110
307,025.86
3,860.09
2,558.55
1,301.54
305,724.32
76.4%
Jul-2014
111
305,724.32
3,860.09
2,547.70
1,312.38
304,411.94
76.1%
Aug-2014
112
304,411.94
3,860.09
2,536.77
1,323.32
303,088.62
75.8%
Sep-2014
113
303,088.62
3,860.09
2,525.74
1,334.35
301,754.27
75.4%
Oct-2014
114
301,754.27
3,860.09
2,514.62
1,345.47
300,408.80
75.1%
Nov-2014
115
300,408.80
3,860.09
2,503.41
1,356.68
299,052.12
74.8%
Dec-2014
116
299,052.12
3,860.09
2,492.10
1,367.99
297,684.14
74.4%
Jan-2015
117
297,684.14
3,860.09
2,480.70
1,379.39
296,304.75
74.1%
Feb-2015
118
296,304.75
3,860.09
2,469.21
1,390.88
294,913.87
73.7%
Mar-2015
119
294,913.87
3,860.09
2,457.62
1,402.47
293,511.40
73.4%
Apr-2015
120
293,511.40
3,860.09
2,445.93
1,414.16
292,097.24
73.0%
May-2015
121
292,097.24
3,860.09
2,434.14
1,425.94
290,671.30
72.7%
Jun-2015
122
290,671.30
3,860.09
2,422.26
1,437.83
289,233.47
72.3%
Jul-2015
123
289,233.47
3,860.09
2,410.28
1,449.81
287,783.67
71.9%
Aug-2015
124
287,783.67
3,860.09
2,398.20
1,461.89
286,321.78
71.6%
Sep-2015
125
286,321.78
3,860.09
2,386.01
1,474.07
284,847.70
71.2%
Oct-2015
126
284,847.70
3,860.09
2,373.73
1,486.36
283,361.35
70.8%
Nov-2015
127
283,361.35
3,860.09
2,361.34
1,498.74
281,862.61
70.5%
Dec-2015
128
281,862.61
3,860.09
2,348.86
1,511.23
280,351.38
70.1%
Jan-2016
129
280,351.38
3,860.09
2,336.26
1,523.83
278,827.55
69.7%
Feb-2016
130
278,827.55
3,860.09
2,323.56
1,536.52
277,291.03
69.3%
Mar-2016
131
277,291.03
3,860.09
2,310.76
1,549.33
275,741.70
68.9%
Apr-2016
132
275,741.70
3,860.09
2,297.85
1,562.24
274,179.46
68.5%
May-2016
133
274,179.46
3,860.09
2,284.83
1,575.26
272,604.20
68.2%
Jun-2016
134
272,604.20
3,860.09
2,271.70
1,588.38
271,015.82
67.8%
Jul-2016
135
271,015.82
3,860.09
2,258.47
1,601.62
269,414.20
67.4%
Aug-2016
136
269,414.20
3,860.09
2,245.12
1,614.97
267,799.23
66.9%
Sep-2016
137
267,799.23
3,860.09
2,231.66
1,628.43
266,170.80
66.5%
Oct-2016
138
266,170.80
3,860.09
2,218.09
1,642.00
264,528.80
66.1%
Nov-2016
139
264,528.80
3,860.09
2,204.41
1,655.68
262,873.12
65.7%
Dec-2016
140
262,873.12
3,860.09
2,190.61
1,669.48
261,203.65
65.3%
Jan-2017
141
261,203.65
3,860.09
2,176.70
1,683.39
259,520.26
64.9%
Feb-2017
142
259,520.26
3,860.09
2,162.67
1,697.42
257,822.84
64.5%
Mar-2017
143
257,822.84
3,860.09
2,148.52
1,711.56
256,111.28
64.0%
Apr-2017
144
256,111.28
3,860.09
2,134.26
1,725.83
254,385.45
63.6%
May-2017
145
254,385.45
3,860.09
2,119.88
1,740.21
252,645.24
63.2%
Jun-2017
146
252,645.24
3,860.09
2,105.38
1,754.71
250,890.53
62.7%
Jul-2017
147
250,890.53
3,860.09
2,090.75
1,769.33
249,121.20
62.3%
Aug-2017
148
249,121.20
3,860.09
2,076.01
1,784.08
247,337.13
61.8%
Sep-2017
149
247,337.13
3,860.09
2,061.14
1,798.94
245,538.18
61.4%
Oct-2017
150
245,538.18
3,860.09
2,046.15
1,813.94
243,724.25
60.9%
Nov-2017
151
243,724.25
3,860.09
2,031.04
1,829.05
241,895.19
60.5%
Dec-2017
152
241,895.19
3,860.09
2,015.79
1,844.29
240,050.90
60.0%
Jan-2018
153
240,050.90
3,860.09
2,000.42
1,859.66
238,191.24
59.5%
Feb-2018
154
238,191.24
3,860.09
1,984.93
1,875.16
236,316.08
59.1%
Mar-2018
155
236,316.08
3,860.09
1,969.30
1,890.79
234,425.29
58.6%
Apr-2018
156
234,425.29
3,860.09
1,953.54
1,906.54
232,518.75
58.1%
May-2018
157
232,518.75
3,860.09
1,937.66
1,922.43
230,596.32
57.6%
Jun-2018
158
230,596.32
3,860.09
1,921.64
1,938.45
228,657.87
57.2%
Jul-2018
159
228,657.87
3,860.09
1,905.48
1,954.60
226,703.27
56.7%
Aug-2018
160
226,703.27
3,860.09
1,889.19
1,970.89
224,732.37
56.2%
Sep-2018
161
224,732.37
3,860.09
1,872.77
1,987.32
222,745.06
55.7%
Oct-2018
162
222,745.06
3,860.09
1,856.21
2,003.88
220,741.18
55.2%
Page 34 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Nov-2018
163
220,741.18
3,860.09
1,839.51
2,020.58
218,720.60
54.7%
Dec-2018
164
218,720.60
3,860.09
1,822.67
2,037.41
216,683.19
54.2%
Jan-2019
165
216,683.19
3,860.09
1,805.69
2,054.39
214,628.79
53.7%
Feb-2019
166
214,628.79
3,860.09
1,788.57
2,071.51
212,557.28
53.1%
Mar-2019
167
212,557.28
3,860.09
1,771.31
2,088.78
210,468.50
52.6%
Apr-2019
168
210,468.50
3,860.09
1,753.90
2,106.18
208,362.32
52.1%
May-2019
169
208,362.32
3,860.09
1,736.35
2,123.73
206,238.59
51.6%
Jun-2019
170
206,238.59
3,860.09
1,718.65
2,141.43
204,097.16
51.0%
Jul-2019
171
204,097.16
3,860.09
1,700.81
2,159.28
201,937.88
50.5%
Aug-2019
172
201,937.88
3,860.09
1,682.82
2,177.27
199,760.61
49.9%
Sep-2019
173
199,760.61
3,860.09
1,664.67
2,195.41
197,565.19
49.4%
Oct-2019
174
197,565.19
3,860.09
1,646.38
2,213.71
195,351.48
48.8%
Nov-2019
175
195,351.48
3,860.09
1,627.93
2,232.16
193,119.33
48.3%
Dec-2019
176
193,119.33
3,860.09
1,609.33
2,250.76
190,868.57
47.7%
Jan-2020
177
190,868.57
3,860.09
1,590.57
2,269.52
188,599.05
47.1%
Feb-2020
178
188,599.05
3,860.09
1,571.66
2,288.43
186,310.62
46.6%
Mar-2020
179
186,310.62
3,860.09
1,552.59
2,307.50
184,003.13
46.0%
Apr-2020
180
184,003.13
3,860.09
1,533.36
2,326.73
181,676.40
45.4%
May-2020
181
181,676.40
3,860.09
1,513.97
2,346.12
179,330.28
44.8%
Jun-2020
182
179,330.28
3,860.09
1,494.42
2,365.67
176,964.62
44.2%
Jul-2020
183
176,964.62
3,860.09
1,474.71
2,385.38
174,579.23
43.6%
Aug-2020
184
174,579.23
3,860.09
1,454.83
2,405.26
172,173.97
43.0%
Sep-2020
185
172,173.97
3,860.09
1,434.78
2,425.30
169,748.67
42.4%
Oct-2020
186
169,748.67
3,860.09
1,414.57
2,445.51
167,303.16
41.8%
Nov-2020
187
167,303.16
3,860.09
1,394.19
2,465.89
164,837.26
41.2%
Dec-2020
188
164,837.26
3,860.09
1,373.64
2,486.44
162,350.82
40.6%
Jan-2021
189
162,350.82
3,860.09
1,352.92
2,507.16
159,843.66
40.0%
Feb-2021
190
159,843.66
3,860.09
1,332.03
2,528.06
157,315.60
39.3%
Mar-2021
191
157,315.60
3,860.09
1,310.96
2,549.12
154,766.48
38.7%
Apr-2021
192
154,766.48
3,860.09
1,289.72
2,570.37
152,196.11
38.0%
May-2021
193
152,196.11
3,860.09
1,268.30
2,591.79
149,604.33
37.4%
Jun-2021
194
149,604.33
3,860.09
1,246.70
2,613.38
146,990.94
36.7%
Jul-2021
195
146,990.94
3,860.09
1,224.92
2,635.16
144,355.78
36.1%
Aug-2021
196
144,355.78
3,860.09
1,202.96
2,657.12
141,698.66
35.4%
Sep-2021
197
141,698.66
3,860.09
1,180.82
2,679.26
139,019.39
34.8%
Oct-2021
198
139,019.39
3,860.09
1,158.49
2,701.59
136,317.80
34.1%
Nov-2021
199
136,317.80
3,860.09
1,135.98
2,724.10
133,593.70
33.4%
Dec-2021
200
133,593.70
3,860.09
1,113.28
2,746.81
130,846.89
32.7%
Jan-2022
201
130,846.89
3,860.09
1,090.39
2,769.70
128,077.20
32.0%
Feb-2022
202
128,077.20
3,860.09
1,067.31
2,792.78
125,284.42
31.3%
Mar-2022
203
125,284.42
3,860.09
1,044.04
2,816.05
122,468.37
30.6%
Apr-2022
204
122,468.37
3,860.09
1,020.57
2,839.52
119,628.85
29.9%
May-2022
205
119,628.85
3,860.09
996.91
2,863.18
116,765.67
29.2%
Jun-2022
206
116,765.67
3,860.09
973.05
2,887.04
113,878.63
28.5%
Jul-2022
207
113,878.63
3,860.09
948.99
2,911.10
110,967.54
27.7%
Aug-2022
208
110,967.54
3,860.09
924.73
2,935.36
108,032.18
27.0%
Sep-2022
209
108,032.18
3,860.09
900.27
2,959.82
105,072.36
26.3%
Oct-2022
210
105,072.36
3,860.09
875.60
2,984.48
102,087.88
25.5%
Nov-2022
211
102,087.88
3,860.09
850.73
3,009.35
99,078.52
24.8%
Dec-2022
212
99,078.52
3,860.09
825.65
3,034.43
96,044.09
24.0%
Jan-2023
213
96,044.09
3,860.09
800.37
3,059.72
92,984.37
23.2%
Feb-2023
214
92,984.37
3,860.09
774.87
3,085.22
89,899.15
22.5%
Mar-2023
215
89,899.15
3,860.09
749.16
3,110.93
86,788.23
21.7%
Apr-2023
216
86,788.23
3,860.09
723.24
3,136.85
83,651.38
20.9%
Page 35 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
May-2023
217
83,651.38
3,860.09
697.09
3,162.99
80,488.38
20.1%
Jun-2023
218
80,488.38
3,860.09
670.74
3,189.35
77,299.03
19.3%
Jul-2023
219
77,299.03
3,860.09
644.16
3,215.93
74,083.11
18.5%
Aug-2023
220
74,083.11
3,860.09
617.36
3,242.73
70,840.38
17.7%
Sep-2023
221
70,840.38
3,860.09
590.34
3,269.75
67,570.63
16.9%
Oct-2023
222
67,570.63
3,860.09
563.09
3,297.00
64,273.63
16.1%
Nov-2023
223
64,273.63
3,860.09
535.61
3,324.47
60,949.16
15.2%
Dec-2023
224
60,949.16
3,860.09
507.91
3,352.18
57,596.98
14.4%
Jan-2024
225
57,596.98
3,860.09
479.97
3,380.11
54,216.87
13.6%
Feb-2024
226
54,216.87
3,860.09
451.81
3,408.28
50,808.59
12.7%
Mar-2024
227
50,808.59
3,860.09
423.40
3,436.68
47,371.91
11.8%
Apr-2024
228
47,371.91
3,860.09
394.77
3,465.32
43,906.59
11.0%
May-2024
229
43,906.59
3,860.09
365.89
3,494.20
40,412.39
10.1%
Jun-2024
230
40,412.39
3,860.09
336.77
3,523.32
36,889.07
9.2%
Jul-2024
231
36,889.07
3,860.09
307.41
3,552.68
33,336.39
8.3%
Aug-2024
232
33,336.39
3,860.09
277.80
3,582.28
29,754.11
7.4%
Sep-2024
233
29,754.11
3,860.09
247.95
3,612.14
26,141.98
6.5%
Oct-2024
234
26,141.98
3,860.09
217.85
3,642.24
22,499.74
5.6%
Nov-2024
235
22,499.74
3,860.09
187.50
3,672.59
18,827.15
4.7%
Dec-2024
236
18,827.15
3,860.09
156.89
3,703.19
15,123.96
3.8%
Jan-2025
237
15,123.96
3,860.09
126.03
3,734.05
11,389.90
2.8%
Feb-2025
238
11,389.90
3,860.09
94.92
3,765.17
7,624.73
1.9%
Mar-2025
239
7,624.73
3,860.09
63.54
3,796.55
3,828.19
1.0%
Apr-2025
240
3,828.19
3,860.09
31.90
3,828.19
0.00
0.0%
May-2025
241
0.0%
Jun-2025
242
0.0%
Jul-2025
243
0.0%
Aug-2025
244
0.0%
Sep-2025
245
0.0%
Oct-2025
246
0.0%
Nov-2025
247
0.0%
Dec-2025
248
0.0%
Jan-2026
249
0.0%
Feb-2026
250
0.0%
Mar-2026
251
0.0%
Apr-2026
252
0.0%
May-2026
253
0.0%
Jun-2026
254
0.0%
Jul-2026
255
0.0%
Aug-2026
256
0.0%
Sep-2026
257
0.0%
Oct-2026
258
0.0%
Nov-2026
259
0.0%
Dec-2026
260
0.0%
Jan-2027
261
0.0%
Feb-2027
262
0.0%
Mar-2027
263
0.0%
Apr-2027
264
0.0%
May-2027
265
0.0%
Jun-2027
266
0.0%
Jul-2027
267
0.0%
Aug-2027
268
0.0%
Sep-2027
269
0.0%
Oct-2027
270
0.0%
Page 36 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Nov-2027
271
0.0%
Dec-2027
272
0.0%
Jan-2028
273
0.0%
Feb-2028
274
0.0%
Mar-2028
275
0.0%
Apr-2028
276
0.0%
May-2028
277
0.0%
Jun-2028
278
0.0%
Jul-2028
279
0.0%
Aug-2028
280
0.0%
Sep-2028
281
0.0%
Oct-2028
282
0.0%
Nov-2028
283
0.0%
Dec-2028
284
0.0%
Jan-2029
285
0.0%
Feb-2029
286
0.0%
Mar-2029
287
0.0%
Apr-2029
288
0.0%
May-2029
289
0.0%
Jun-2029
290
0.0%
Jul-2029
291
0.0%
Aug-2029
292
0.0%
Sep-2029
293
0.0%
Oct-2029
294
0.0%
Nov-2029
295
0.0%
Dec-2029
296
0.0%
Jan-2030
297
0.0%
Feb-2030
298
0.0%
Mar-2030
299
0.0%
Apr-2030
300
0.0%
May-2030
301
0.0%
Jun-2030
302
0.0%
Jul-2030
303
0.0%
Aug-2030
304
0.0%
Sep-2030
305
0.0%
Oct-2030
306
0.0%
Nov-2030
307
0.0%
Dec-2030
308
0.0%
Jan-2031
309
0.0%
Feb-2031
310
0.0%
Mar-2031
311
0.0%
Apr-2031
312
0.0%
May-2031
313
0.0%
Jun-2031
314
0.0%
Jul-2031
315
0.0%
Aug-2031
316
0.0%
Sep-2031
317
0.0%
Oct-2031
318
0.0%
Nov-2031
319
0.0%
Dec-2031
320
0.0%
Jan-2032
321
0.0%
Feb-2032
322
0.0%
Mar-2032
323
0.0%
Apr-2032
324
0.0%
Page 37 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000
400,000
10.00%
240.00
5/1/2005
Month
Repayment
Number
Opening
Balance
Loan
Repayment
May-2032
325
0.0%
Jun-2032
326
0.0%
Jul-2032
327
0.0%
Aug-2032
328
0.0%
Sep-2032
329
0.0%
Oct-2032
330
0.0%
Nov-2032
331
0.0%
Dec-2032
332
0.0%
Jan-2033
333
0.0%
Feb-2033
334
0.0%
Mar-2033
335
0.0%
Apr-2033
336
0.0%
May-2033
337
0.0%
Jun-2033
338
0.0%
Jul-2033
339
0.0%
Aug-2033
340
0.0%
Sep-2033
341
0.0%
Oct-2033
342
0.0%
Nov-2033
343
0.0%
Dec-2033
344
0.0%
Jan-2034
345
0.0%
Feb-2034
346
0.0%
Mar-2034
347
0.0%
Apr-2034
348
0.0%
May-2034
349
0.0%
Jun-2034
350
0.0%
Jul-2034
351
0.0%
Aug-2034
352
0.0%
Sep-2034
353
0.0%
Oct-2034
354
0.0%
Nov-2034
355
0.0%
Dec-2034
356
0.0%
Jan-2035
357
0.0%
Feb-2035
358
0.0%
Mar-2035
359
0.0%
Apr-2035
360
0.0%
926,420.78
Interest
Charged
Capital Repaid
526,420.78
Page 38 of 60
400,000.00
Closing
Balance
% Outstanding
Loan Repayment Forecast | Ad Hoc Loan Repayments

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
Apr-2005
May-2005
Jun-2005
Jul-2005
Aug-2005
Sep-2005
Oct-2005
Nov-2005
Dec-2005
Jan-2006
10
5,000.00
Feb-2006
11
Mar-2006
12
Apr-2006
13
May-2006
14
Jun-2006
15
Jul-2006
16
Aug-2006
17
Sep-2006
18
Oct-2006
19
Nov-2006
20
Dec-2006
21
Jan-2007
22
Feb-2007
23
Mar-2007
24
Apr-2007
25
May-2007
26
Jun-2007
27
Jul-2007
28
Aug-2007
29
Sep-2007
30
Oct-2007
31
Nov-2007
32
Dec-2007
33
Jan-2008
34
Feb-2008
35
Mar-2008
36
Apr-2008
37
May-2008
38
Jun-2008
39
Jul-2008
40
Aug-2008
41
Sep-2008
42
Oct-2008
43
Nov-2008
44
Dec-2008
45
Jan-2009
46
Feb-2009
47
Mar-2009
48
Apr-2009
49
May-2009
50
Jun-2009
51
Jul-2009
52
Aug-2009
53
Sep-2009
54
Oct-2009
55
Nov-2009
56
Dec-2009
57
Jan-2010
58
Feb-2010
59
Mar-2010
60
Apr-2010
61
May-2010
62
Jun-2010
63
Jul-2010
64
Aug-2010
65
10,000.00
15,000.00
30,000.00
15,000.00
Page 39 of 60

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
Sep-2010
66
Oct-2010
67
Nov-2010
68
Dec-2010
69
Jan-2011
70
Feb-2011
71
Mar-2011
72
Apr-2011
73
May-2011
74
Jun-2011
75
Jul-2011
76
Aug-2011
77
Sep-2011
78
Oct-2011
79
Nov-2011
80
Dec-2011
81
Jan-2012
82
Feb-2012
83
Mar-2012
84
Apr-2012
85
May-2012
86
Jun-2012
87
Jul-2012
88
Aug-2012
89
Sep-2012
90
Oct-2012
91
Nov-2012
92
Dec-2012
93
Jan-2013
94
Feb-2013
95
Mar-2013
96
Apr-2013
97
May-2013
98
Jun-2013
99
Jul-2013
100
Aug-2013
101
Sep-2013
102
Oct-2013
103
Nov-2013
104
Dec-2013
105
Jan-2014
106
Feb-2014
107
Mar-2014
108
Apr-2014
109
May-2014
110
Jun-2014
111
Jul-2014
112
Aug-2014
113
Sep-2014
114
Oct-2014
115
Nov-2014
116
Dec-2014
117
Jan-2015
118
Feb-2015
119
Mar-2015
120
Apr-2015
121
May-2015
122
Jun-2015
123
Jul-2015
124
Aug-2015
125
Sep-2015
126
Oct-2015
127
Nov-2015
128
Dec-2015
129
Jan-2016
130
50,000.00
On
On this
this sheet:
sheet:
The
The ad
ad hoc
hoc loan
loan repayments
repayments that
that are
are recorded
recorded on
on this
this sheet
sheet are
are
included
included in
in the
the Ad
Ad Hoc
Hoc Forecast
Forecast amortization
amortization table
table on
on the
the
ForecastAmort
ForecastAmort sheet.
sheet. The
The Ad
Ad Hoc
Hoc Forecast
Forecast calculation
calculation
accommodates
accommodates both
both increased
increased monthly
monthly instalments
instalments and
and lump
lump
sum
loan
repayments.
sum loan repayments.
Page 40 of 60

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
Feb-2016
131
Mar-2016
132
Apr-2016
133
May-2016
134
Jun-2016
135
Jul-2016
136
Aug-2016
137
Sep-2016
138
Oct-2016
139
Nov-2016
140
Dec-2016
141
Jan-2017
142
Feb-2017
143
Mar-2017
144
Apr-2017
145
May-2017
146
Jun-2017
147
Jul-2017
148
Aug-2017
149
Sep-2017
150
Oct-2017
151
Nov-2017
152
Dec-2017
153
Jan-2018
154
Feb-2018
155
Mar-2018
156
Apr-2018
157
May-2018
158
Jun-2018
159
Jul-2018
160
Aug-2018
161
Sep-2018
162
Oct-2018
163
Nov-2018
164
Dec-2018
165
Jan-2019
166
Feb-2019
167
Mar-2019
168
Apr-2019
169
May-2019
170
Jun-2019
171
Jul-2019
172
Aug-2019
173
Sep-2019
174
Oct-2019
175
Nov-2019
176
Dec-2019
177
Jan-2020
178
Feb-2020
179
Mar-2020
180
Apr-2020
181
May-2020
182
Jun-2020
183
Jul-2020
184
Aug-2020
185
Sep-2020
186
Oct-2020
187
Nov-2020
188
Dec-2020
189
Jan-2021
190
Feb-2021
191
Mar-2021
192
Apr-2021
193
May-2021
194
Jun-2021
195
Page 41 of 60

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
Jul-2021
196
Aug-2021
197
Sep-2021
198
Oct-2021
199
Nov-2021
200
Dec-2021
201
Jan-2022
202
Feb-2022
203
Mar-2022
204
Apr-2022
205
May-2022
206
Jun-2022
207
Jul-2022
208
Aug-2022
209
Sep-2022
210
Oct-2022
211
Nov-2022
212
Dec-2022
213
Jan-2023
214
Feb-2023
215
Mar-2023
216
Apr-2023
217
May-2023
218
Jun-2023
219
Jul-2023
220
Aug-2023
221
Sep-2023
222
Oct-2023
223
Nov-2023
224
Dec-2023
225
Jan-2024
226
Feb-2024
227
Mar-2024
228
Apr-2024
229
May-2024
230
Jun-2024
231
Jul-2024
232
Aug-2024
233
Sep-2024
234
Oct-2024
235
Nov-2024
236
Dec-2024
237
Jan-2025
238
Feb-2025
239
Mar-2025
240
Apr-2025
241
May-2025
242
Jun-2025
243
Jul-2025
244
Aug-2025
245
Sep-2025
246
Oct-2025
247
Nov-2025
248
Dec-2025
249
Jan-2026
250
Feb-2026
251
Mar-2026
252
Apr-2026
253
May-2026
254
Jun-2026
255
Jul-2026
256
Aug-2026
257
Sep-2026
258
Oct-2026
259
Nov-2026
260
Page 42 of 60

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
Dec-2026
261
Jan-2027
262
Feb-2027
263
Mar-2027
264
Apr-2027
265
May-2027
266
Jun-2027
267
Jul-2027
268
Aug-2027
269
Sep-2027
270
Oct-2027
271
Nov-2027
272
Dec-2027
273
Jan-2028
274
Feb-2028
275
Mar-2028
276
Apr-2028
277
May-2028
278
Jun-2028
279
Jul-2028
280
Aug-2028
281
Sep-2028
282
Oct-2028
283
Nov-2028
284
Dec-2028
285
Jan-2029
286
Feb-2029
287
Mar-2029
288
Apr-2029
289
May-2029
290
Jun-2029
291
Jul-2029
292
Aug-2029
293
Sep-2029
294
Oct-2029
295
Nov-2029
296
Dec-2029
297
Jan-2030
298
Feb-2030
299
Mar-2030
300
Apr-2030
301
May-2030
302
Jun-2030
303
Jul-2030
304
Aug-2030
305
Sep-2030
306
Oct-2030
307
Nov-2030
308
Dec-2030
309
Jan-2031
310
Feb-2031
311
Mar-2031
312
Apr-2031
313
May-2031
314
Jun-2031
315
Jul-2031
316
Aug-2031
317
Sep-2031
318
Oct-2031
319
Nov-2031
320
Dec-2031
321
Jan-2032
322
Feb-2032
323
Mar-2032
324
Apr-2032
325
Page 43 of 60

Review Date
30 Jun 2014
Month
Repayment
Number
Ad Hoc
Repayment
May-2032
326
Jun-2032
327
Jul-2032
328
Aug-2032
329
Sep-2032
330
Oct-2032
331
Nov-2032
332
Dec-2032
333
Jan-2033
334
Feb-2033
335
Mar-2033
336
Apr-2033
337
May-2033
338
Jun-2033
339
Jul-2033
340
Aug-2033
341
Sep-2033
342
Oct-2033
343
Nov-2033
344
Dec-2033
345
Jan-2034
346
Feb-2034
347
Mar-2034
348
Apr-2034
349
May-2034
350
Jun-2034
351
Jul-2034
352
Aug-2034
353
Sep-2034
354
Oct-2034
355
Nov-2034
356
Dec-2034
357
Jan-2035
358
Feb-2035
359
Mar-2035
360
125,000.00
Page 44 of 60
Loan Repayment Forecast | Amortization Table

185,411
Statement Interest Rate
7.90%

Review Date
130.00
6/30/2014
Standard Amortization
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Jul-2014
185,410.83
2,126.97
1,220.62
906.35
184,504.48
99.5%
185,410.83
2,126.97
1,220.62
906.35
184,504.48
99.5%
Aug-2014
184,504.48
2,126.97
1,214.65
912.32
183,592.16
99.0%
184,504.48
2,126.97
1,214.65
912.32
183,592.16
99.0%
Sep-2014
183,592.16
2,126.97
1,208.65
918.32
182,673.84
98.5%
183,592.16
2,126.97
1,208.65
918.32
182,673.84
98.5%
Oct-2014
182,673.84
2,126.97
1,202.60
50,924.37
131,749.47
71.1%
182,673.84
2,126.97
1,202.60
924.37
181,749.47
98.0%
Nov-2014
131,749.47
2,126.97
867.35
1,259.62
130,489.85
70.4%
181,749.47
2,126.97
1,196.52
930.45
180,819.01
97.5%
Dec-2014
130,489.85
2,126.97
859.06
1,267.91
129,221.93
69.7%
180,819.01
2,126.97
1,190.39
936.58
179,882.43
97.0%
Jan-2015
129,221.93
2,126.97
850.71
1,276.26
127,945.67
69.0%
179,882.43
2,126.97
1,184.23
942.75
178,939.69
96.5%
Feb-2015
127,945.67
2,126.97
842.31
1,284.66
126,661.01
68.3%
178,939.69
2,126.97
1,178.02
948.95
177,990.73
96.0%
Mar-2015
126,661.01
2,126.97
833.85
1,293.12
125,367.89
67.6%
177,990.73
2,126.97
1,171.77
955.20
177,035.54
95.5%
Apr-2015
10
125,367.89
2,126.97
1,301.63
124,066.26
66.9%
177,035.54
2,126.97
1,165.48
961.49
176,074.05
95.0%
May-2015
11
176,074.05
2,126.97
1,159.15
967.82
175,106.23
94.4%
Jun-2015
12
175,106.23
2,126.97
1,152.78
974.19
174,132.04
93.9%
Jul-2015
13
174,132.04
2,126.97
1,146.37
980.60
173,151.44
93.4%
Aug-2015
14
173,151.44
2,126.97
1,139.91
987.06
172,164.38
92.9%
Sep-2015
15
172,164.38
2,126.97
1,133.42
993.56
171,170.82
92.3%
Oct-2015
16
117,428.42
2,126.97
773.07
1,353.90
116,074.52
62.6%
171,170.82
2,126.97
1,126.87
1,000.10
170,170.73
91.8%
Nov-2015
17
116,074.52
2,126.97
764.16
1,362.81
114,711.70
61.9%
170,170.73
2,126.97
1,120.29
1,006.68
169,164.05
91.2%
Dec-2015
18
114,711.70
2,126.97
755.19
1,371.79
113,339.92
61.1%
169,164.05
2,126.97
1,113.66
1,013.31
168,150.74
90.7%
Jan-2016
19
113,339.92
2,126.97
746.15
1,380.82
111,959.10
60.4%
168,150.74
2,126.97
1,106.99
1,019.98
167,130.76
90.1%
Feb-2016
20
111,959.10
2,126.97
737.06
1,389.91
110,569.19
59.6%
167,130.76
2,126.97
1,100.28
1,026.69
166,104.06
89.6%
Mar-2016
21
110,569.19
2,126.97
727.91
1,399.06
109,170.14
58.9%
166,104.06
2,126.97
1,093.52
1,033.45
165,070.61
89.0%
Apr-2016
22
109,170.14
2,126.97
718.70
1,408.27
107,761.87
58.1%
165,070.61
2,126.97
1,086.71
1,040.26
164,030.35
88.5%
May-2016
23
107,761.87
2,126.97
709.43
1,417.54
106,344.33
57.4%
164,030.35
2,126.97
1,079.87
1,047.11
162,983.25
87.9%
Jun-2016
24
106,344.33
2,126.97
700.10
1,426.87
104,917.46
56.6%
162,983.25
2,126.97
1,072.97
1,054.00
161,929.25
87.3%
Jul-2016
25
104,917.46
2,126.97
690.71
1,436.27
103,481.19
55.8%
161,929.25
2,126.97
1,066.03
1,060.94
160,868.31
86.8%
Aug-2016
26
103,481.19
2,126.97
681.25
1,445.72
102,035.47
55.0%
160,868.31
2,126.97
1,059.05
1,067.92
159,800.39
86.2%
Sep-2016
27
102,035.47
2,126.97
671.73
1,455.24
100,580.23
54.2%
159,800.39
2,126.97
1,052.02
1,074.95
158,725.44
85.6%
Oct-2016
28
100,580.23
2,126.97
662.15
1,464.82
99,115.41
53.5%
158,725.44
2,126.97
1,044.94
1,082.03
157,643.41
85.0%
Nov-2016
29
99,115.41
2,126.97
652.51
1,474.46
97,640.95
52.7%
157,643.41
2,126.97
1,037.82
1,089.15
156,554.26
84.4%
Dec-2016
30
97,640.95
2,126.97
642.80
1,484.17
96,156.78
51.9%
156,554.26
2,126.97
1,030.65
1,096.32
155,457.93
83.8%
Jan-2017
31
96,156.78
2,126.97
633.03
1,493.94
94,662.84
51.1%
155,457.93
2,126.97
1,023.43
1,103.54
154,354.39
83.2%
Feb-2017
32
94,662.84
2,126.97
623.20
1,503.77
93,159.07
50.2%
154,354.39
2,126.97
1,016.17
1,110.81
153,243.59
82.7%
Mar-2017
33
93,159.07
2,126.97
613.30
1,513.67
91,645.40
49.4%
153,243.59
2,126.97
1,008.85
1,118.12
152,125.47
82.0%
Apr-2017
34
91,645.40
2,126.97
603.33
1,523.64
90,121.76
48.6%
152,125.47
2,126.97
1,001.49
1,125.48
150,999.99
81.4%
May-2017
35
90,121.76
2,126.97
593.30
1,533.67
88,588.09
47.8%
150,999.99
2,126.97
994.08
1,132.89
149,867.10
80.8%
Jun-2017
36
88,588.09
2,126.97
583.20
1,543.77
87,044.32
46.9%
149,867.10
2,126.97
986.63
1,140.35
148,726.76
80.2%
Jul-2017
37
87,044.32
2,126.97
573.04
1,553.93
85,490.39
46.1%
148,726.76
2,126.97
979.12
1,147.85
147,578.90
79.6%
Aug-2017
38
85,490.39
2,126.97
562.81
1,564.16
83,926.23
45.3%
147,578.90
2,126.97
971.56
1,155.41
146,423.49
79.0%
Sep-2017
39
83,926.23
2,126.97
552.51
1,574.46
82,351.77
44.4%
146,423.49
2,126.97
963.95
1,163.02
145,260.48
78.3%
Oct-2017
40
82,351.77
2,126.97
542.15
1,584.82
80,766.95
43.6%
145,260.48
2,126.97
956.30
1,170.67
144,089.80
77.7%
Nov-2017
41
80,766.95
2,126.97
531.72
1,595.26
79,171.69
42.7%
144,089.80
2,126.97
948.59
1,178.38
142,911.42
77.1%
Dec-2017
42
79,171.69
2,126.97
521.21
1,605.76
77,565.94
41.8%
142,911.42
2,126.97
940.83
1,186.14
141,725.28
76.4%
Jan-2018
43
77,565.94
2,126.97
510.64
1,616.33
75,949.61
41.0%
141,725.28
2,126.97
933.02
1,193.95
140,531.34
75.8%
Feb-2018
44
75,949.61
2,126.97
500.00
1,626.97
74,322.64
40.1%
140,531.34
2,126.97
925.16
1,201.81
139,329.53
75.1%
50,000.00
Loan
Repayment
Interest
On
sheet:
On this
this825.34
sheet:
Capital
Closing
Balance
% Outstanding
This
This sheet
sheet includes
includes an
an ad
ad hoc
hoc and
and aa standard
amortization table.
table. These
These calculations
calculations are
are all
all based
based on
on the
the
124,066.26 loan balance,
- interest 2,126.97
816.77
1,310.20
66.2%
outstanding
loan
period
at
outstanding
loan balance,
interest rate
rate and
and remaining
remaining
loan repayment
repayment
period as
as122,756.05
at the
the loan
loan review
review date
date
122,756.05
- on
2,126.97 sheet.
808.14
121,437.23
65.5%
that
is
amortization
table
A
hoc
that
is selected
selected by
by the
the user
user
on the
the Review
Review
sheet. The
The
amortization1,318.83
table in
in column
column
A to
to II includes
includes ad
ad
hoc
loan
table
K
on
amortization
121,437.23
- amortization
2,126.97
799.46
1,327.51
120,109.72
64.8%
loan repayments
repayments and
and the
the
amortization
table in
in column
column
K to
to PP is
is based
based
on standard
standard
amortization table
table
calculations.
All
on
this
and
is
on
calculations.
All the
the calculations
calculations
on
this sheet
sheet are
are automated
automated
and no
no user
user input
input 118,773.47
is therefore
therefore required
required64.1%
on
120,109.72
2,126.97
790.72
1,336.25
this
this sheet.
sheet.
118,773.47
2,126.97
781.93
1,345.05
117,428.42
63.3%
Page 45 of 60
Opening
Balance
Loan
Repayment
Interest
Capital
Closing
Balance
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Mar-2018
45
74,322.64
2,126.97
489.29
1,637.68
72,684.96
39.2%
139,329.53
2,126.97
917.25
1,209.72
138,119.81
74.5%
Apr-2018
46
72,684.96
2,126.97
478.51
1,648.46
71,036.49
38.3%
138,119.81
2,126.97
909.29
1,217.68
136,902.13
73.8%
May-2018
47
71,036.49
2,126.97
467.66
1,659.31
69,377.18
37.4%
136,902.13
2,126.97
901.27
1,225.70
135,676.43
73.2%
Jun-2018
48
69,377.18
2,126.97
456.73
1,670.24
67,706.94
36.5%
135,676.43
2,126.97
893.20
1,233.77
134,442.66
72.5%
Jul-2018
49
67,706.94
2,126.97
445.74
1,681.23
66,025.71
35.6%
134,442.66
2,126.97
885.08
1,241.89
133,200.77
71.8%
Aug-2018
50
66,025.71
2,126.97
434.67
1,692.30
64,333.40
34.7%
133,200.77
2,126.97
876.91
1,250.07
131,950.70
71.2%
Sep-2018
51
64,333.40
2,126.97
423.53
1,703.44
62,629.96
33.8%
131,950.70
2,126.97
868.68
1,258.30
130,692.41
70.5%
Oct-2018
52
62,629.96
2,126.97
412.31
1,714.66
60,915.30
32.9%
130,692.41
2,126.97
860.39
1,266.58
129,425.83
69.8%
Nov-2018
53
60,915.30
2,126.97
401.03
1,725.95
59,189.36
31.9%
129,425.83
2,126.97
852.05
1,274.92
128,150.91
69.1%
Dec-2018
54
59,189.36
2,126.97
389.66
1,737.31
57,452.05
31.0%
128,150.91
2,126.97
843.66
1,283.31
126,867.60
68.4%
Jan-2019
55
57,452.05
2,126.97
378.23
1,748.75
55,703.30
30.0%
126,867.60
2,126.97
835.21
1,291.76
125,575.84
67.7%
Feb-2019
56
55,703.30
2,126.97
366.71
1,760.26
53,943.04
29.1%
125,575.84
2,126.97
826.71
1,300.26
124,275.57
67.0%
Mar-2019
57
53,943.04
2,126.97
355.13
1,771.85
52,171.20
28.1%
124,275.57
2,126.97
818.15
1,308.82
122,966.75
66.3%
Apr-2019
58
52,171.20
2,126.97
343.46
1,783.51
50,387.69
27.2%
122,966.75
2,126.97
809.53
1,317.44
121,649.31
65.6%
May-2019
59
50,387.69
2,126.97
331.72
1,795.25
48,592.43
26.2%
121,649.31
2,126.97
800.86
1,326.11
120,323.19
64.9%
Jun-2019
60
48,592.43
2,126.97
319.90
1,807.07
46,785.36
25.2%
120,323.19
2,126.97
792.13
1,334.84
118,988.35
64.2%
Jul-2019
61
46,785.36
2,126.97
308.00
1,818.97
44,966.39
24.3%
118,988.35
2,126.97
783.34
1,343.63
117,644.72
63.5%
Aug-2019
62
44,966.39
2,126.97
296.03
1,830.94
43,135.45
23.3%
117,644.72
2,126.97
774.49
1,352.48
116,292.24
62.7%
Sep-2019
63
43,135.45
2,126.97
283.98
1,843.00
41,292.45
22.3%
116,292.24
2,126.97
765.59
1,361.38
114,930.86
62.0%
Oct-2019
64
41,292.45
2,126.97
271.84
1,855.13
39,437.32
21.3%
114,930.86
2,126.97
756.63
1,370.34
113,560.52
61.2%
Nov-2019
65
39,437.32
2,126.97
259.63
1,867.34
37,569.98
20.3%
113,560.52
2,126.97
747.61
1,379.36
112,181.15
60.5%
Dec-2019
66
37,569.98
2,126.97
247.34
1,879.64
35,690.35
19.2%
112,181.15
2,126.97
738.53
1,388.45
110,792.71
59.8%
Jan-2020
67
35,690.35
2,126.97
234.96
1,892.01
33,798.34
18.2%
110,792.71
2,126.97
729.39
1,397.59
109,395.12
59.0%
Feb-2020
68
33,798.34
2,126.97
222.51
1,904.47
31,893.87
17.2%
109,395.12
2,126.97
720.18
1,406.79
107,988.33
58.2%
Mar-2020
69
31,893.87
2,126.97
209.97
1,917.00
29,976.87
16.2%
107,988.33
2,126.97
710.92
1,416.05
106,572.28
57.5%
Apr-2020
70
29,976.87
2,126.97
197.35
1,929.62
28,047.24
15.1%
106,572.28
2,126.97
701.60
1,425.37
105,146.91
56.7%
May-2020
71
28,047.24
2,126.97
184.64
1,942.33
26,104.91
14.1%
105,146.91
2,126.97
692.22
1,434.75
103,712.16
55.9%
Jun-2020
72
26,104.91
2,126.97
171.86
1,955.11
24,149.80
13.0%
103,712.16
2,126.97
682.77
1,444.20
102,267.96
55.2%
Jul-2020
73
24,149.80
2,126.97
158.99
1,967.99
22,181.81
12.0%
102,267.96
2,126.97
673.26
1,453.71
100,814.25
54.4%
Aug-2020
74
22,181.81
2,126.97
146.03
1,980.94
20,200.87
10.9%
100,814.25
2,126.97
663.69
1,463.28
99,350.97
53.6%
Sep-2020
75
20,200.87
2,126.97
132.99
1,993.98
18,206.89
9.8%
99,350.97
2,126.97
654.06
1,472.91
97,878.06
52.8%
Oct-2020
76
18,206.89
2,126.97
119.86
2,007.11
16,199.78
8.7%
97,878.06
2,126.97
644.36
1,482.61
96,395.45
52.0%
Nov-2020
77
16,199.78
2,126.97
106.65
2,020.32
14,179.46
7.6%
96,395.45
2,126.97
634.60
1,492.37
94,903.09
51.2%
Dec-2020
78
14,179.46
2,126.97
93.35
2,033.62
12,145.83
6.6%
94,903.09
2,126.97
624.78
1,502.19
93,400.89
50.4%
Jan-2021
79
12,145.83
2,126.97
79.96
2,047.01
10,098.82
5.4%
93,400.89
2,126.97
614.89
1,512.08
91,888.81
49.6%
Feb-2021
80
10,098.82
2,126.97
66.48
2,060.49
8,038.33
4.3%
91,888.81
2,126.97
604.93
1,522.04
90,366.77
48.7%
Mar-2021
81
8,038.33
2,126.97
52.92
2,074.05
5,964.28
3.2%
90,366.77
2,126.97
594.91
1,532.06
88,834.72
47.9%
Apr-2021
82
5,964.28
2,126.97
39.26
2,087.71
3,876.58
2.1%
88,834.72
2,126.97
584.83
1,542.14
87,292.57
47.1%
May-2021
83
3,876.58
2,126.97
25.52
2,101.45
1,775.12
1.0%
87,292.57
2,126.97
574.68
1,552.30
85,740.28
46.2%
Jun-2021
84
1,775.12
1,786.81
11.69
1,775.12
0.0%
85,740.28
2,126.97
564.46
1,562.51
84,177.76
45.4%
Jul-2021
85
0.0%
84,177.76
2,126.97
554.17
1,572.80
82,604.96
44.6%
Aug-2021
86
0.0%
82,604.96
2,126.97
543.82
1,583.16
81,021.81
43.7%
Sep-2021
87
0.0%
81,021.81
2,126.97
533.39
1,593.58
79,428.23
42.8%
Oct-2021
88
0.0%
79,428.23
2,126.97
522.90
1,604.07
77,824.16
42.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 46 of 60
Opening
Balance
Loan
Repayment
Interest
Capital
Closing
Balance
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Nov-2021
89
0.0%
77,824.16
2,126.97
512.34
1,614.63
76,209.53
41.1%
Dec-2021
90
0.0%
76,209.53
2,126.97
501.71
1,625.26
74,584.27
40.2%
Jan-2022
91
0.0%
74,584.27
2,126.97
491.01
1,635.96
72,948.31
39.3%
Feb-2022
92
0.0%
72,948.31
2,126.97
480.24
1,646.73
71,301.58
38.5%
Mar-2022
93
0.0%
71,301.58
2,126.97
469.40
1,657.57
69,644.01
37.6%
Apr-2022
94
0.0%
69,644.01
2,126.97
458.49
1,668.48
67,975.53
36.7%
May-2022
95
0.0%
67,975.53
2,126.97
447.51
1,679.47
66,296.07
35.8%
Jun-2022
96
0.0%
66,296.07
2,126.97
436.45
1,690.52
64,605.54
34.8%
Jul-2022
97
0.0%
64,605.54
2,126.97
425.32
1,701.65
62,903.89
33.9%
Aug-2022
98
0.0%
62,903.89
2,126.97
414.12
1,712.85
61,191.04
33.0%
Sep-2022
99
0.0%
61,191.04
2,126.97
402.84
1,724.13
59,466.91
32.1%
Oct-2022
100
0.0%
59,466.91
2,126.97
391.49
1,735.48
57,731.43
31.1%
Nov-2022
101
0.0%
57,731.43
2,126.97
380.07
1,746.91
55,984.52
30.2%
Dec-2022
102
0.0%
55,984.52
2,126.97
368.56
1,758.41
54,226.11
29.2%
Jan-2023
103
0.0%
54,226.11
2,126.97
356.99
1,769.98
52,456.13
28.3%
Feb-2023
104
0.0%
52,456.13
2,126.97
345.34
1,781.64
50,674.49
27.3%
Mar-2023
105
0.0%
50,674.49
2,126.97
333.61
1,793.36
48,881.13
26.4%
Apr-2023
106
0.0%
48,881.13
2,126.97
321.80
1,805.17
47,075.96
25.4%
May-2023
107
0.0%
47,075.96
2,126.97
309.92
1,817.05
45,258.90
24.4%
Jun-2023
108
0.0%
45,258.90
2,126.97
297.95
1,829.02
43,429.89
23.4%
Jul-2023
109
0.0%
43,429.89
2,126.97
285.91
1,841.06
41,588.83
22.4%
Aug-2023
110
0.0%
41,588.83
2,126.97
273.79
1,853.18
39,735.65
21.4%
Sep-2023
111
0.0%
39,735.65
2,126.97
261.59
1,865.38
37,870.27
20.4%
Oct-2023
112
0.0%
37,870.27
2,126.97
249.31
1,877.66
35,992.61
19.4%
Nov-2023
113
0.0%
35,992.61
2,126.97
236.95
1,890.02
34,102.59
18.4%
Dec-2023
114
0.0%
34,102.59
2,126.97
224.51
1,902.46
32,200.13
17.4%
Jan-2024
115
0.0%
32,200.13
2,126.97
211.98
1,914.99
30,285.14
16.3%
Feb-2024
116
0.0%
30,285.14
2,126.97
199.38
1,927.59
28,357.55
15.3%
Mar-2024
117
0.0%
28,357.55
2,126.97
186.69
1,940.28
26,417.26
14.2%
Apr-2024
118
0.0%
26,417.26
2,126.97
173.91
1,953.06
24,464.20
13.2%
May-2024
119
0.0%
24,464.20
2,126.97
161.06
1,965.92
22,498.29
12.1%
Jun-2024
120
0.0%
22,498.29
2,126.97
148.11
1,978.86
20,519.43
11.1%
Jul-2024
121
0.0%
20,519.43
2,126.97
135.09
1,991.89
18,527.54
10.0%
Aug-2024
122
0.0%
18,527.54
2,126.97
121.97
2,005.00
16,522.55
8.9%
Sep-2024
123
0.0%
16,522.55
2,126.97
108.77
2,018.20
14,504.35
7.8%
Oct-2024
124
0.0%
14,504.35
2,126.97
95.49
2,031.48
12,472.86
6.7%
Nov-2024
125
0.0%
12,472.86
2,126.97
82.11
2,044.86
10,428.00
5.6%
Dec-2024
126
0.0%
10,428.00
2,126.97
68.65
2,058.32
8,369.68
4.5%
Jan-2025
127
0.0%
8,369.68
2,126.97
55.10
2,071.87
6,297.81
3.4%
Feb-2025
128
0.0%
6,297.81
2,126.97
41.46
2,085.51
4,212.30
2.3%
Mar-2025
129
0.0%
4,212.30
2,126.97
27.73
2,099.24
2,113.06
1.1%
Apr-2025
130
0.0%
2,113.06
2,126.97
13.91
2,113.06
May-2025
131
0.0%
Jun-2025
132
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 47 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding
0.0%
0.0%
0.0%

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Jul-2025
133
0.0%
0.0%
Aug-2025
134
0.0%
0.0%
Sep-2025
135
0.0%
0.0%
Oct-2025
136
0.0%
0.0%
Nov-2025
137
0.0%
0.0%
Dec-2025
138
0.0%
0.0%
Jan-2026
139
0.0%
0.0%
Feb-2026
140
0.0%
0.0%
Mar-2026
141
0.0%
0.0%
Apr-2026
142
0.0%
0.0%
May-2026
143
0.0%
0.0%
Jun-2026
144
0.0%
0.0%
Jul-2026
145
0.0%
0.0%
Aug-2026
146
0.0%
0.0%
Sep-2026
147
0.0%
0.0%
Oct-2026
148
0.0%
0.0%
Nov-2026
149
0.0%
0.0%
Dec-2026
150
0.0%
0.0%
Jan-2027
151
0.0%
0.0%
Feb-2027
152
0.0%
0.0%
Mar-2027
153
0.0%
0.0%
Apr-2027
154
0.0%
0.0%
May-2027
155
0.0%
0.0%
Jun-2027
156
0.0%
0.0%
Jul-2027
157
0.0%
0.0%
Aug-2027
158
0.0%
0.0%
Sep-2027
159
0.0%
0.0%
Oct-2027
160
0.0%
0.0%
Nov-2027
161
0.0%
0.0%
Dec-2027
162
0.0%
0.0%
Jan-2028
163
0.0%
0.0%
Feb-2028
164
0.0%
0.0%
Mar-2028
165
0.0%
0.0%
Apr-2028
166
0.0%
0.0%
May-2028
167
0.0%
0.0%
Jun-2028
168
0.0%
0.0%
Jul-2028
169
0.0%
0.0%
Aug-2028
170
0.0%
0.0%
Sep-2028
171
0.0%
0.0%
Oct-2028
172
0.0%
0.0%
Nov-2028
173
0.0%
0.0%
Dec-2028
174
0.0%
0.0%
Jan-2029
175
0.0%
0.0%
Feb-2029
176
0.0%
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 48 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Mar-2029
177
0.0%
0.0%
Apr-2029
178
0.0%
0.0%
May-2029
179
0.0%
0.0%
Jun-2029
180
0.0%
0.0%
Jul-2029
181
0.0%
0.0%
Aug-2029
182
0.0%
0.0%
Sep-2029
183
0.0%
0.0%
Oct-2029
184
0.0%
0.0%
Nov-2029
185
0.0%
0.0%
Dec-2029
186
0.0%
0.0%
Jan-2030
187
0.0%
0.0%
Feb-2030
188
0.0%
0.0%
Mar-2030
189
0.0%
0.0%
Apr-2030
190
0.0%
0.0%
May-2030
191
0.0%
0.0%
Jun-2030
192
0.0%
0.0%
Jul-2030
193
0.0%
0.0%
Aug-2030
194
0.0%
0.0%
Sep-2030
195
0.0%
0.0%
Oct-2030
196
0.0%
0.0%
Nov-2030
197
0.0%
0.0%
Dec-2030
198
0.0%
0.0%
Jan-2031
199
0.0%
0.0%
Feb-2031
200
0.0%
0.0%
Mar-2031
201
0.0%
0.0%
Apr-2031
202
0.0%
0.0%
May-2031
203
0.0%
0.0%
Jun-2031
204
0.0%
0.0%
Jul-2031
205
0.0%
0.0%
Aug-2031
206
0.0%
0.0%
Sep-2031
207
0.0%
0.0%
Oct-2031
208
0.0%
0.0%
Nov-2031
209
0.0%
0.0%
Dec-2031
210
0.0%
0.0%
Jan-2032
211
0.0%
0.0%
Feb-2032
212
0.0%
0.0%
Mar-2032
213
0.0%
0.0%
Apr-2032
214
0.0%
0.0%
May-2032
215
0.0%
0.0%
Jun-2032
216
0.0%
0.0%
Jul-2032
217
0.0%
0.0%
Aug-2032
218
0.0%
0.0%
Sep-2032
219
0.0%
0.0%
Oct-2032
220
0.0%
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 49 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Nov-2032
221
0.0%
0.0%
Dec-2032
222
0.0%
0.0%
Jan-2033
223
0.0%
0.0%
Feb-2033
224
0.0%
0.0%
Mar-2033
225
0.0%
0.0%
Apr-2033
226
0.0%
0.0%
May-2033
227
0.0%
0.0%
Jun-2033
228
0.0%
0.0%
Jul-2033
229
0.0%
0.0%
Aug-2033
230
0.0%
0.0%
Sep-2033
231
0.0%
0.0%
Oct-2033
232
0.0%
0.0%
Nov-2033
233
0.0%
0.0%
Dec-2033
234
0.0%
0.0%
Jan-2034
235
0.0%
0.0%
Feb-2034
236
0.0%
0.0%
Mar-2034
237
0.0%
0.0%
Apr-2034
238
0.0%
0.0%
May-2034
239
0.0%
0.0%
Jun-2034
240
0.0%
0.0%
Jul-2034
241
0.0%
0.0%
Aug-2034
242
0.0%
0.0%
Sep-2034
243
0.0%
0.0%
Oct-2034
244
0.0%
0.0%
Nov-2034
245
0.0%
0.0%
Dec-2034
246
0.0%
0.0%
Jan-2035
247
0.0%
0.0%
Feb-2035
248
0.0%
0.0%
Mar-2035
249
0.0%
0.0%
Apr-2035
250
0.0%
0.0%
May-2035
251
0.0%
0.0%
Jun-2035
252
0.0%
0.0%
Jul-2035
253
0.0%
0.0%
Aug-2035
254
0.0%
0.0%
Sep-2035
255
0.0%
0.0%
Oct-2035
256
0.0%
0.0%
Nov-2035
257
0.0%
0.0%
Dec-2035
258
0.0%
0.0%
Jan-2036
259
0.0%
0.0%
Feb-2036
260
0.0%
0.0%
Mar-2036
261
0.0%
0.0%
Apr-2036
262
0.0%
0.0%
May-2036
263
0.0%
0.0%
Jun-2036
264
0.0%
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 50 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Jul-2036
265
0.0%
0.0%
Aug-2036
266
0.0%
0.0%
Sep-2036
267
0.0%
0.0%
Oct-2036
268
0.0%
0.0%
Nov-2036
269
0.0%
0.0%
Dec-2036
270
0.0%
0.0%
Jan-2037
271
0.0%
0.0%
Feb-2037
272
0.0%
0.0%
Mar-2037
273
0.0%
0.0%
Apr-2037
274
0.0%
0.0%
May-2037
275
0.0%
0.0%
Jun-2037
276
0.0%
0.0%
Jul-2037
277
0.0%
0.0%
Aug-2037
278
0.0%
0.0%
Sep-2037
279
0.0%
0.0%
Oct-2037
280
0.0%
0.0%
Nov-2037
281
0.0%
0.0%
Dec-2037
282
0.0%
0.0%
Jan-2038
283
0.0%
0.0%
Feb-2038
284
0.0%
0.0%
Mar-2038
285
0.0%
0.0%
Apr-2038
286
0.0%
0.0%
May-2038
287
0.0%
0.0%
Jun-2038
288
0.0%
0.0%
Jul-2038
289
0.0%
0.0%
Aug-2038
290
0.0%
0.0%
Sep-2038
291
0.0%
0.0%
Oct-2038
292
0.0%
0.0%
Nov-2038
293
0.0%
0.0%
Dec-2038
294
0.0%
0.0%
Jan-2039
295
0.0%
0.0%
Feb-2039
296
0.0%
0.0%
Mar-2039
297
0.0%
0.0%
Apr-2039
298
0.0%
0.0%
May-2039
299
0.0%
0.0%
Jun-2039
300
0.0%
0.0%
Jul-2039
301
0.0%
0.0%
Aug-2039
302
0.0%
0.0%
Sep-2039
303
0.0%
0.0%
Oct-2039
304
0.0%
0.0%
Nov-2039
305
0.0%
0.0%
Dec-2039
306
0.0%
0.0%
Jan-2040
307
0.0%
0.0%
Feb-2040
308
0.0%
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 51 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Mar-2040
309
0.0%
0.0%
Apr-2040
310
0.0%
0.0%
May-2040
311
0.0%
0.0%
Jun-2040
312
0.0%
0.0%
Jul-2040
313
0.0%
0.0%
Aug-2040
314
0.0%
0.0%
Sep-2040
315
0.0%
0.0%
Oct-2040
316
0.0%
0.0%
Nov-2040
317
0.0%
0.0%
Dec-2040
318
0.0%
0.0%
Jan-2041
319
0.0%
0.0%
Feb-2041
320
0.0%
0.0%
Mar-2041
321
0.0%
0.0%
Apr-2041
322
0.0%
0.0%
May-2041
323
0.0%
0.0%
Jun-2041
324
0.0%
0.0%
Jul-2041
325
0.0%
0.0%
Aug-2041
326
0.0%
0.0%
Sep-2041
327
0.0%
0.0%
Oct-2041
328
0.0%
0.0%
Nov-2041
329
0.0%
0.0%
Dec-2041
330
0.0%
0.0%
Jan-2042
331
0.0%
0.0%
Feb-2042
332
0.0%
0.0%
Mar-2042
333
0.0%
0.0%
Apr-2042
334
0.0%
0.0%
May-2042
335
0.0%
0.0%
Jun-2042
336
0.0%
0.0%
Jul-2042
337
0.0%
0.0%
Aug-2042
338
0.0%
0.0%
Sep-2042
339
0.0%
0.0%
Oct-2042
340
0.0%
0.0%
Nov-2042
341
0.0%
0.0%
Dec-2042
342
0.0%
0.0%
Jan-2043
343
0.0%
0.0%
Feb-2043
344
0.0%
0.0%
Mar-2043
345
0.0%
0.0%
Apr-2043
346
0.0%
0.0%
May-2043
347
0.0%
0.0%
Jun-2043
348
0.0%
0.0%
Jul-2043
349
0.0%
0.0%
Aug-2043
350
0.0%
0.0%
Sep-2043
351
0.0%
0.0%
Oct-2043
352
0.0%
0.0%
Interest
Closing
Balance
Capital
% Outstanding
Page 52 of 60
Opening
Balance
Loan
Repayment
Interest
Closing
Balance
Capital
% Outstanding

185,411
7.90%

Review Date
130.00
6/30/2014
Month
Repayment
Number
Opening
Balance
Ad Hoc
Repayment
Loan
Repayment
Nov-2043
353
0.0%
0.0%
Dec-2043
354
0.0%
0.0%
Jan-2044
355
0.0%
0.0%
Feb-2044
356
0.0%
0.0%
Mar-2044
357
0.0%
0.0%
Apr-2044
358
0.0%
0.0%
May-2044
359
0.0%
0.0%
Jun-2044
360
0.0%
0.0%
50,000.00
178,325.46
Interest
Closing
Balance
Capital
42,914.63
% Outstanding
185,410.83
Opening
Balance
Loan
Repayment
276,506.32
Page 53 of 60
Interest
Closing
Balance
Capital
91,095.49
185,410.83
% Outstanding
Loan Amortization Calculator

400,000.00
10.00%
Loan Period (Months)
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Jul-2013
400,000.00
3,860.09
3,333.33
526.75
399,473.25
99.9%
Aug-2013
399,473.25
3,860.09
3,328.94
531.14
398,942.10
99.7%
Sep-2013
398,942.10
3,860.09
3,324.52
535.57
398,406.53
99.6%
Oct-2013
398,406.53
3,860.09
3,320.05
540.03
397,866.50
99.5%
Nov-2013
397,866.50
3,860.09
3,315.55
544.53
397,321.97
99.3%
Dec-2013
397,321.97
3,860.09
3,311.02
549.07
396,772.90
99.2%
Jan-2014
396,772.90
3,860.09
3,306.44
553.65
396,219.25
99.1%
Feb-2014
396,219.25
Mar-2014
Apr-2014
May-2014
Jun-2014
Opening
Balance
Loan
Repayment
Interest
Charged
Capital Repaid
Closing
Balance
% Outstanding
3,860.09
3,301.83
558.26
395,660.99
On
On this
thissheet:
sheet:
9
395,660.99
3,860.09
3,297.17
562.91
395,098.08
This
their
This amortization
amortization table
table has
has been
been included
included in
in the
the template
template to
to enable
enable users
users to
to perform
perform
their own
own
loan
calculations.
sheet
to
other
in
10 amortization
395,098.08
3,860.09
3,292.48
567.60
394,530.48
loan
amortization
calculations. This
This
sheet is
is not
not linked
linked
to any
any of
of the
the
other sheets
sheets
in the
the
template.
Simply
enter
loan
in
with
cell
template.
Simply
enter the
the appropriate
appropriate
loan details
details
in the
the input
input cells
cells
with aa yellow
yellow
cell
11
394,530.48
3,860.09
3,287.75
572.33
393,958.15
background
order
all
background in
in3,860.09
order to
to update
update
all calculations.
calculations.577.10
12
393,958.15
3,282.98
393,381.05
98.9%
98.8%
98.6%
98.5%
98.3%
Jul-2014
13
393,381.05
3,860.09
3,278.18
581.91
392,799.14
98.2%
Aug-2014
14
392,799.14
3,860.09
3,273.33
586.76
392,212.37
98.1%
Sep-2014
15
392,212.37
3,860.09
3,268.44
591.65
391,620.72
97.9%
Oct-2014
16
391,620.72
3,860.09
3,263.51
596.58
391,024.14
97.8%
Nov-2014
17
391,024.14
3,860.09
3,258.53
601.55
390,422.59
97.6%
Dec-2014
18
390,422.59
3,860.09
3,253.52
606.56
389,816.03
97.5%
Jan-2015
19
389,816.03
3,860.09
3,248.47
611.62
389,204.41
97.3%
Feb-2015
20
389,204.41
3,860.09
3,243.37
616.72
388,587.69
97.1%
Mar-2015
21
388,587.69
3,860.09
3,238.23
621.86
387,965.83
97.0%
Apr-2015
22
387,965.83
3,860.09
3,233.05
627.04
387,338.80
96.8%
May-2015
23
387,338.80
3,860.09
3,227.82
632.26
386,706.53
96.7%
Jun-2015
24
386,706.53
3,860.09
3,222.55
637.53
386,069.00
96.5%
Jul-2015
25
386,069.00
3,860.09
3,217.24
642.84
385,426.16
96.4%
Aug-2015
26
385,426.16
3,860.09
3,211.88
648.20
384,777.95
96.2%
Sep-2015
27
384,777.95
3,860.09
3,206.48
653.60
384,124.35
96.0%
Oct-2015
28
384,124.35
3,860.09
3,201.04
659.05
383,465.30
95.9%
Nov-2015
29
383,465.30
3,860.09
3,195.54
664.54
382,800.76
95.7%
Dec-2015
30
382,800.76
3,860.09
3,190.01
670.08
382,130.68
95.5%
Jan-2016
31
382,130.68
3,860.09
3,184.42
675.66
381,455.01
95.4%
Feb-2016
32
381,455.01
3,860.09
3,178.79
681.29
380,773.72
95.2%
Mar-2016
33
380,773.72
3,860.09
3,173.11
686.97
380,086.75
95.0%
Apr-2016
34
380,086.75
3,860.09
3,167.39
692.70
379,394.05
94.8%
May-2016
35
379,394.05
3,860.09
3,161.62
698.47
378,695.58
94.7%
Jun-2016
36
378,695.58
3,860.09
3,155.80
704.29
377,991.29
94.5%
Jul-2016
37
377,991.29
3,860.09
3,149.93
710.16
377,281.13
94.3%
Aug-2016
38
377,281.13
3,860.09
3,144.01
716.08
376,565.05
94.1%
Sep-2016
39
376,565.05
3,860.09
3,138.04
722.04
375,843.01
94.0%
Oct-2016
40
375,843.01
3,860.09
3,132.03
728.06
375,114.95
93.8%
Nov-2016
41
375,114.95
3,860.09
3,125.96
734.13
374,380.82
93.6%
Dec-2016
42
374,380.82
3,860.09
3,119.84
740.25
373,640.57
93.4%
Jan-2017
43
373,640.57
3,860.09
3,113.67
746.42
372,894.16
93.2%
Feb-2017
44
372,894.16
3,860.09
3,107.45
752.64
372,141.52
93.0%
Mar-2017
45
372,141.52
3,860.09
3,101.18
758.91
371,382.62
92.8%
Apr-2017
46
371,382.62
3,860.09
3,094.86
765.23
370,617.38
92.7%
May-2017
47
370,617.38
3,860.09
3,088.48
771.61
369,845.78
92.5%
Jun-2017
48
369,845.78
3,860.09
3,082.05
778.04
369,067.74
92.3%
Jul-2017
49
369,067.74
3,860.09
3,075.56
784.52
368,283.21
92.1%
Aug-2017
50
368,283.21
3,860.09
3,069.03
791.06
367,492.15
91.9%
Sep-2017
51
367,492.15
3,860.09
3,062.43
797.65
366,694.50
91.7%
Oct-2017
52
366,694.50
3,860.09
3,055.79
804.30
365,890.20
91.5%
Nov-2017
53
365,890.20
3,860.09
3,049.09
811.00
365,079.20
91.3%
Dec-2017
54
365,079.20
3,860.09
3,042.33
817.76
364,261.44
91.1%
Page 54 of 60

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Jan-2018
55
364,261.44
3,860.09
3,035.51
824.57
363,436.87
90.9%
Feb-2018
56
363,436.87
3,860.09
3,028.64
831.45
362,605.42
90.7%
Mar-2018
57
362,605.42
3,860.09
3,021.71
838.37
361,767.05
90.4%
Apr-2018
58
361,767.05
3,860.09
3,014.73
845.36
360,921.69
90.2%
May-2018
59
360,921.69
3,860.09
3,007.68
852.41
360,069.28
90.0%
Jun-2018
60
360,069.28
3,860.09
3,000.58
859.51
359,209.77
89.8%
Jul-2018
61
359,209.77
3,860.09
2,993.41
866.67
358,343.10
89.6%
Aug-2018
62
358,343.10
3,860.09
2,986.19
873.89
357,469.20
89.4%
Sep-2018
63
357,469.20
3,860.09
2,978.91
881.18
356,588.03
89.1%
Oct-2018
64
356,588.03
3,860.09
2,971.57
888.52
355,699.51
88.9%
Nov-2018
65
355,699.51
3,860.09
2,964.16
895.92
354,803.58
88.7%
Dec-2018
66
354,803.58
3,860.09
2,956.70
903.39
353,900.19
88.5%
Jan-2019
67
353,900.19
3,860.09
2,949.17
910.92
352,989.28
88.2%
Feb-2019
68
352,989.28
3,860.09
2,941.58
918.51
352,070.77
88.0%
Mar-2019
69
352,070.77
3,860.09
2,933.92
926.16
351,144.60
87.8%
Apr-2019
70
351,144.60
3,860.09
2,926.21
933.88
350,210.72
87.6%
May-2019
71
350,210.72
3,860.09
2,918.42
941.66
349,269.06
87.3%
Jun-2019
72
349,269.06
3,860.09
2,910.58
949.51
348,319.55
87.1%
Jul-2019
73
348,319.55
3,860.09
2,902.66
957.42
347,362.12
86.8%
Aug-2019
74
347,362.12
3,860.09
2,894.68
965.40
346,396.72
86.6%
Sep-2019
75
346,396.72
3,860.09
2,886.64
973.45
345,423.27
86.4%
Oct-2019
76
345,423.27
3,860.09
2,878.53
981.56
344,441.71
86.1%
Nov-2019
77
344,441.71
3,860.09
2,870.35
989.74
343,451.98
85.9%
Dec-2019
78
343,451.98
3,860.09
2,862.10
997.99
342,453.99
85.6%
Jan-2020
79
342,453.99
3,860.09
2,853.78
1,006.30
341,447.69
85.4%
Feb-2020
80
341,447.69
3,860.09
2,845.40
1,014.69
340,433.00
85.1%
Mar-2020
81
340,433.00
3,860.09
2,836.94
1,023.14
339,409.85
84.9%
Apr-2020
82
339,409.85
3,860.09
2,828.42
1,031.67
338,378.18
84.6%
May-2020
83
338,378.18
3,860.09
2,819.82
1,040.27
337,337.91
84.3%
Jun-2020
84
337,337.91
3,860.09
2,811.15
1,048.94
336,288.97
84.1%
Jul-2020
85
336,288.97
3,860.09
2,802.41
1,057.68
335,231.30
83.8%
Aug-2020
86
335,231.30
3,860.09
2,793.59
1,066.49
334,164.80
83.5%
Sep-2020
87
334,164.80
3,860.09
2,784.71
1,075.38
333,089.42
83.3%
Oct-2020
88
333,089.42
3,860.09
2,775.75
1,084.34
332,005.08
83.0%
Nov-2020
89
332,005.08
3,860.09
2,766.71
1,093.38
330,911.70
82.7%
Dec-2020
90
330,911.70
3,860.09
2,757.60
1,102.49
329,809.22
82.5%
Jan-2021
91
329,809.22
3,860.09
2,748.41
1,111.68
328,697.54
82.2%
Feb-2021
92
328,697.54
3,860.09
2,739.15
1,120.94
327,576.60
81.9%
Mar-2021
93
327,576.60
3,860.09
2,729.80
1,130.28
326,446.32
81.6%
Apr-2021
94
326,446.32
3,860.09
2,720.39
1,139.70
325,306.62
81.3%
May-2021
95
325,306.62
3,860.09
2,710.89
1,149.20
324,157.42
81.0%
Jun-2021
96
324,157.42
3,860.09
2,701.31
1,158.77
322,998.64
80.7%
Jul-2021
97
322,998.64
3,860.09
2,691.66
1,168.43
321,830.21
80.5%
Aug-2021
98
321,830.21
3,860.09
2,681.92
1,178.17
320,652.04
80.2%
Sep-2021
99
320,652.04
3,860.09
2,672.10
1,187.99
319,464.06
79.9%
Oct-2021
100
319,464.06
3,860.09
2,662.20
1,197.89
318,266.17
79.6%
Nov-2021
101
318,266.17
3,860.09
2,652.22
1,207.87
317,058.30
79.3%
Dec-2021
102
317,058.30
3,860.09
2,642.15
1,217.93
315,840.37
79.0%
Jan-2022
103
315,840.37
3,860.09
2,632.00
1,228.08
314,612.29
78.7%
Feb-2022
104
314,612.29
3,860.09
2,621.77
1,238.32
313,373.97
78.3%
Mar-2022
105
313,373.97
3,860.09
2,611.45
1,248.64
312,125.33
78.0%
Apr-2022
106
312,125.33
3,860.09
2,601.04
1,259.04
310,866.29
77.7%
May-2022
107
310,866.29
3,860.09
2,590.55
1,269.53
309,596.76
77.4%
Jun-2022
108
309,596.76
3,860.09
2,579.97
1,280.11
308,316.64
77.1%
Page 55 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Jul-2022
109
308,316.64
3,860.09
2,569.31
1,290.78
307,025.86
76.8%
Aug-2022
110
307,025.86
3,860.09
2,558.55
1,301.54
305,724.32
76.4%
Sep-2022
111
305,724.32
3,860.09
2,547.70
1,312.38
304,411.94
76.1%
Oct-2022
112
304,411.94
3,860.09
2,536.77
1,323.32
303,088.62
75.8%
Nov-2022
113
303,088.62
3,860.09
2,525.74
1,334.35
301,754.27
75.4%
Dec-2022
114
301,754.27
3,860.09
2,514.62
1,345.47
300,408.80
75.1%
Jan-2023
115
300,408.80
3,860.09
2,503.41
1,356.68
299,052.12
74.8%
Feb-2023
116
299,052.12
3,860.09
2,492.10
1,367.99
297,684.14
74.4%
Mar-2023
117
297,684.14
3,860.09
2,480.70
1,379.39
296,304.75
74.1%
Apr-2023
118
296,304.75
3,860.09
2,469.21
1,390.88
294,913.87
73.7%
May-2023
119
294,913.87
3,860.09
2,457.62
1,402.47
293,511.40
73.4%
Jun-2023
120
293,511.40
3,860.09
2,445.93
1,414.16
292,097.24
73.0%
Jul-2023
121
292,097.24
3,860.09
2,434.14
1,425.94
290,671.30
72.7%
Aug-2023
122
290,671.30
3,860.09
2,422.26
1,437.83
289,233.47
72.3%
Sep-2023
123
289,233.47
3,860.09
2,410.28
1,449.81
287,783.67
71.9%
Oct-2023
124
287,783.67
3,860.09
2,398.20
1,461.89
286,321.78
71.6%
Nov-2023
125
286,321.78
3,860.09
2,386.01
1,474.07
284,847.70
71.2%
Dec-2023
126
284,847.70
3,860.09
2,373.73
1,486.36
283,361.35
70.8%
Jan-2024
127
283,361.35
3,860.09
2,361.34
1,498.74
281,862.61
70.5%
Feb-2024
128
281,862.61
3,860.09
2,348.86
1,511.23
280,351.38
70.1%
Mar-2024
129
280,351.38
3,860.09
2,336.26
1,523.83
278,827.55
69.7%
Apr-2024
130
278,827.55
3,860.09
2,323.56
1,536.52
277,291.03
69.3%
May-2024
131
277,291.03
3,860.09
2,310.76
1,549.33
275,741.70
68.9%
Jun-2024
132
275,741.70
3,860.09
2,297.85
1,562.24
274,179.46
68.5%
Jul-2024
133
274,179.46
3,860.09
2,284.83
1,575.26
272,604.20
68.2%
Aug-2024
134
272,604.20
3,860.09
2,271.70
1,588.38
271,015.82
67.8%
Sep-2024
135
271,015.82
3,860.09
2,258.47
1,601.62
269,414.20
67.4%
Oct-2024
136
269,414.20
3,860.09
2,245.12
1,614.97
267,799.23
66.9%
Nov-2024
137
267,799.23
3,860.09
2,231.66
1,628.43
266,170.80
66.5%
Dec-2024
138
266,170.80
3,860.09
2,218.09
1,642.00
264,528.80
66.1%
Jan-2025
139
264,528.80
3,860.09
2,204.41
1,655.68
262,873.12
65.7%
Feb-2025
140
262,873.12
3,860.09
2,190.61
1,669.48
261,203.65
65.3%
Mar-2025
141
261,203.65
3,860.09
2,176.70
1,683.39
259,520.26
64.9%
Apr-2025
142
259,520.26
3,860.09
2,162.67
1,697.42
257,822.84
64.5%
May-2025
143
257,822.84
3,860.09
2,148.52
1,711.56
256,111.28
64.0%
Jun-2025
144
256,111.28
3,860.09
2,134.26
1,725.83
254,385.45
63.6%
Jul-2025
145
254,385.45
3,860.09
2,119.88
1,740.21
252,645.24
63.2%
Aug-2025
146
252,645.24
3,860.09
2,105.38
1,754.71
250,890.53
62.7%
Sep-2025
147
250,890.53
3,860.09
2,090.75
1,769.33
249,121.20
62.3%
Oct-2025
148
249,121.20
3,860.09
2,076.01
1,784.08
247,337.13
61.8%
Nov-2025
149
247,337.13
3,860.09
2,061.14
1,798.94
245,538.18
61.4%
Dec-2025
150
245,538.18
3,860.09
2,046.15
1,813.94
243,724.25
60.9%
Jan-2026
151
243,724.25
3,860.09
2,031.04
1,829.05
241,895.19
60.5%
Feb-2026
152
241,895.19
3,860.09
2,015.79
1,844.29
240,050.90
60.0%
Mar-2026
153
240,050.90
3,860.09
2,000.42
1,859.66
238,191.24
59.5%
Apr-2026
154
238,191.24
3,860.09
1,984.93
1,875.16
236,316.08
59.1%
May-2026
155
236,316.08
3,860.09
1,969.30
1,890.79
234,425.29
58.6%
Jun-2026
156
234,425.29
3,860.09
1,953.54
1,906.54
232,518.75
58.1%
Jul-2026
157
232,518.75
3,860.09
1,937.66
1,922.43
230,596.32
57.6%
Aug-2026
158
230,596.32
3,860.09
1,921.64
1,938.45
228,657.87
57.2%
Sep-2026
159
228,657.87
3,860.09
1,905.48
1,954.60
226,703.27
56.7%
Oct-2026
160
226,703.27
3,860.09
1,889.19
1,970.89
224,732.37
56.2%
Nov-2026
161
224,732.37
3,860.09
1,872.77
1,987.32
222,745.06
55.7%
Dec-2026
162
222,745.06
3,860.09
1,856.21
2,003.88
220,741.18
55.2%
Page 56 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Jan-2027
163
220,741.18
3,860.09
1,839.51
2,020.58
218,720.60
54.7%
Feb-2027
164
218,720.60
3,860.09
1,822.67
2,037.41
216,683.19
54.2%
Mar-2027
165
216,683.19
3,860.09
1,805.69
2,054.39
214,628.79
53.7%
Apr-2027
166
214,628.79
3,860.09
1,788.57
2,071.51
212,557.28
53.1%
May-2027
167
212,557.28
3,860.09
1,771.31
2,088.78
210,468.50
52.6%
Jun-2027
168
210,468.50
3,860.09
1,753.90
2,106.18
208,362.32
52.1%
Jul-2027
169
208,362.32
3,860.09
1,736.35
2,123.73
206,238.59
51.6%
Aug-2027
170
206,238.59
3,860.09
1,718.65
2,141.43
204,097.16
51.0%
Sep-2027
171
204,097.16
3,860.09
1,700.81
2,159.28
201,937.88
50.5%
Oct-2027
172
201,937.88
3,860.09
1,682.82
2,177.27
199,760.61
49.9%
Nov-2027
173
199,760.61
3,860.09
1,664.67
2,195.41
197,565.19
49.4%
Dec-2027
174
197,565.19
3,860.09
1,646.38
2,213.71
195,351.48
48.8%
Jan-2028
175
195,351.48
3,860.09
1,627.93
2,232.16
193,119.33
48.3%
Feb-2028
176
193,119.33
3,860.09
1,609.33
2,250.76
190,868.57
47.7%
Mar-2028
177
190,868.57
3,860.09
1,590.57
2,269.52
188,599.05
47.1%
Apr-2028
178
188,599.05
3,860.09
1,571.66
2,288.43
186,310.62
46.6%
May-2028
179
186,310.62
3,860.09
1,552.59
2,307.50
184,003.13
46.0%
Jun-2028
180
184,003.13
3,860.09
1,533.36
2,326.73
181,676.40
45.4%
Jul-2028
181
181,676.40
3,860.09
1,513.97
2,346.12
179,330.28
44.8%
Aug-2028
182
179,330.28
3,860.09
1,494.42
2,365.67
176,964.62
44.2%
Sep-2028
183
176,964.62
3,860.09
1,474.71
2,385.38
174,579.23
43.6%
Oct-2028
184
174,579.23
3,860.09
1,454.83
2,405.26
172,173.97
43.0%
Nov-2028
185
172,173.97
3,860.09
1,434.78
2,425.30
169,748.67
42.4%
Dec-2028
186
169,748.67
3,860.09
1,414.57
2,445.51
167,303.16
41.8%
Jan-2029
187
167,303.16
3,860.09
1,394.19
2,465.89
164,837.26
41.2%
Feb-2029
188
164,837.26
3,860.09
1,373.64
2,486.44
162,350.82
40.6%
Mar-2029
189
162,350.82
3,860.09
1,352.92
2,507.16
159,843.66
40.0%
Apr-2029
190
159,843.66
3,860.09
1,332.03
2,528.06
157,315.60
39.3%
May-2029
191
157,315.60
3,860.09
1,310.96
2,549.12
154,766.48
38.7%
Jun-2029
192
154,766.48
3,860.09
1,289.72
2,570.37
152,196.11
38.0%
Jul-2029
193
152,196.11
3,860.09
1,268.30
2,591.79
149,604.33
37.4%
Aug-2029
194
149,604.33
3,860.09
1,246.70
2,613.38
146,990.94
36.7%
Sep-2029
195
146,990.94
3,860.09
1,224.92
2,635.16
144,355.78
36.1%
Oct-2029
196
144,355.78
3,860.09
1,202.96
2,657.12
141,698.66
35.4%
Nov-2029
197
141,698.66
3,860.09
1,180.82
2,679.26
139,019.39
34.8%
Dec-2029
198
139,019.39
3,860.09
1,158.49
2,701.59
136,317.80
34.1%
Jan-2030
199
136,317.80
3,860.09
1,135.98
2,724.10
133,593.70
33.4%
Feb-2030
200
133,593.70
3,860.09
1,113.28
2,746.81
130,846.89
32.7%
Mar-2030
201
130,846.89
3,860.09
1,090.39
2,769.70
128,077.20
32.0%
Apr-2030
202
128,077.20
3,860.09
1,067.31
2,792.78
125,284.42
31.3%
May-2030
203
125,284.42
3,860.09
1,044.04
2,816.05
122,468.37
30.6%
Jun-2030
204
122,468.37
3,860.09
1,020.57
2,839.52
119,628.85
29.9%
Jul-2030
205
119,628.85
3,860.09
996.91
2,863.18
116,765.67
29.2%
Aug-2030
206
116,765.67
3,860.09
973.05
2,887.04
113,878.63
28.5%
Sep-2030
207
113,878.63
3,860.09
948.99
2,911.10
110,967.54
27.7%
Oct-2030
208
110,967.54
3,860.09
924.73
2,935.36
108,032.18
27.0%
Nov-2030
209
108,032.18
3,860.09
900.27
2,959.82
105,072.36
26.3%
Dec-2030
210
105,072.36
3,860.09
875.60
2,984.48
102,087.88
25.5%
Jan-2031
211
102,087.88
3,860.09
850.73
3,009.35
99,078.52
24.8%
Feb-2031
212
99,078.52
3,860.09
825.65
3,034.43
96,044.09
24.0%
Mar-2031
213
96,044.09
3,860.09
800.37
3,059.72
92,984.37
23.2%
Apr-2031
214
92,984.37
3,860.09
774.87
3,085.22
89,899.15
22.5%
May-2031
215
89,899.15
3,860.09
749.16
3,110.93
86,788.23
21.7%
Jun-2031
216
86,788.23
3,860.09
723.24
3,136.85
83,651.38
20.9%
Page 57 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Jul-2031
217
83,651.38
3,860.09
697.09
3,162.99
80,488.38
20.1%
Aug-2031
218
80,488.38
3,860.09
670.74
3,189.35
77,299.03
19.3%
Sep-2031
219
77,299.03
3,860.09
644.16
3,215.93
74,083.11
18.5%
Oct-2031
220
74,083.11
3,860.09
617.36
3,242.73
70,840.38
17.7%
Nov-2031
221
70,840.38
3,860.09
590.34
3,269.75
67,570.63
16.9%
Dec-2031
222
67,570.63
3,860.09
563.09
3,297.00
64,273.63
16.1%
Jan-2032
223
64,273.63
3,860.09
535.61
3,324.47
60,949.16
15.2%
Feb-2032
224
60,949.16
3,860.09
507.91
3,352.18
57,596.98
14.4%
Mar-2032
225
57,596.98
3,860.09
479.97
3,380.11
54,216.87
13.6%
Apr-2032
226
54,216.87
3,860.09
451.81
3,408.28
50,808.59
12.7%
May-2032
227
50,808.59
3,860.09
423.40
3,436.68
47,371.91
11.8%
Jun-2032
228
47,371.91
3,860.09
394.77
3,465.32
43,906.59
11.0%
Jul-2032
229
43,906.59
3,860.09
365.89
3,494.20
40,412.39
10.1%
Aug-2032
230
40,412.39
3,860.09
336.77
3,523.32
36,889.07
9.2%
Sep-2032
231
36,889.07
3,860.09
307.41
3,552.68
33,336.39
8.3%
Oct-2032
232
33,336.39
3,860.09
277.80
3,582.28
29,754.11
7.4%
Nov-2032
233
29,754.11
3,860.09
247.95
3,612.14
26,141.98
6.5%
Dec-2032
234
26,141.98
3,860.09
217.85
3,642.24
22,499.74
5.6%
Jan-2033
235
22,499.74
3,860.09
187.50
3,672.59
18,827.15
4.7%
Feb-2033
236
18,827.15
3,860.09
156.89
3,703.19
15,123.96
3.8%
Mar-2033
237
15,123.96
3,860.09
126.03
3,734.05
11,389.90
2.8%
Apr-2033
238
11,389.90
3,860.09
94.92
3,765.17
7,624.73
1.9%
May-2033
239
7,624.73
3,860.09
63.54
3,796.55
3,828.19
1.0%
Jun-2033
240
3,828.19
3,860.09
31.90
3,828.19
0.00
0.0%
Jul-2033
241
0.0%
Aug-2033
242
0.0%
Sep-2033
243
0.0%
Oct-2033
244
0.0%
Nov-2033
245
0.0%
Dec-2033
246
0.0%
Jan-2034
247
0.0%
Feb-2034
248
0.0%
Mar-2034
249
0.0%
Apr-2034
250
0.0%
May-2034
251
0.0%
Jun-2034
252
0.0%
Jul-2034
253
0.0%
Aug-2034
254
0.0%
Sep-2034
255
0.0%
Oct-2034
256
0.0%
Nov-2034
257
0.0%
Dec-2034
258
0.0%
Jan-2035
259
0.0%
Feb-2035
260
0.0%
Mar-2035
261
0.0%
Apr-2035
262
0.0%
May-2035
263
0.0%
Jun-2035
264
0.0%
Jul-2035
265
0.0%
Aug-2035
266
0.0%
Sep-2035
267
0.0%
Oct-2035
268
0.0%
Nov-2035
269
0.0%
Dec-2035
270
0.0%
Page 58 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Interest
Charged
Jan-2036
271
0.0%
Feb-2036
272
0.0%
Mar-2036
273
0.0%
Apr-2036
274
0.0%
May-2036
275
0.0%
Jun-2036
276
0.0%
Jul-2036
277
0.0%
Aug-2036
278
0.0%
Sep-2036
279
0.0%
Oct-2036
280
0.0%
Nov-2036
281
0.0%
Dec-2036
282
0.0%
Jan-2037
283
0.0%
Feb-2037
284
0.0%
Mar-2037
285
0.0%
Apr-2037
286
0.0%
May-2037
287
0.0%
Jun-2037
288
0.0%
Jul-2037
289
0.0%
Aug-2037
290
0.0%
Sep-2037
291
0.0%
Oct-2037
292
0.0%
Nov-2037
293
0.0%
Dec-2037
294
0.0%
Jan-2038
295
0.0%
Feb-2038
296
0.0%
Mar-2038
297
0.0%
Apr-2038
298
0.0%
May-2038
299
0.0%
Jun-2038
300
0.0%
Jul-2038
301
0.0%
Aug-2038
302
0.0%
Sep-2038
303
0.0%
Oct-2038
304
0.0%
Nov-2038
305
0.0%
Dec-2038
306
0.0%
Jan-2039
307
0.0%
Feb-2039
308
0.0%
Mar-2039
309
0.0%
Apr-2039
310
0.0%
May-2039
311
0.0%
Jun-2039
312
0.0%
Jul-2039
313
0.0%
Aug-2039
314
0.0%
Sep-2039
315
0.0%
Oct-2039
316
0.0%
Nov-2039
317
0.0%
Dec-2039
318
0.0%
Jan-2040
319
0.0%
Feb-2040
320
0.0%
Mar-2040
321
0.0%
Apr-2040
322
0.0%
May-2040
323
0.0%
Jun-2040
324
0.0%
Page 59 of 60
Capital Repaid
Closing
Balance
% Outstanding

400,000.00
10.00%
240.00
Calculation Date
7/1/2013
Month
Repayment
Number
Opening
Balance
Loan
Repayment
Jul-2040
325
0.0%
Aug-2040
326
0.0%
Sep-2040
327
0.0%
Oct-2040
328
0.0%
Nov-2040
329
0.0%
Dec-2040
330
0.0%
Jan-2041
331
0.0%
Feb-2041
332
0.0%
Mar-2041
333
0.0%
Apr-2041
334
0.0%
May-2041
335
0.0%
Jun-2041
336
0.0%
Jul-2041
337
0.0%
Aug-2041
338
0.0%
Sep-2041
339
0.0%
Oct-2041
340
0.0%
Nov-2041
341
0.0%
Dec-2041
342
0.0%
Jan-2042
343
0.0%
Feb-2042
344
0.0%
Mar-2042
345
0.0%
Apr-2042
346
0.0%
May-2042
347
0.0%
Jun-2042
348
0.0%
Jul-2042
349
0.0%
Aug-2042
350
0.0%
Sep-2042
351
0.0%
Oct-2042
352
0.0%
Nov-2042
353
0.0%
Dec-2042
354
0.0%
Jan-2043
355
0.0%
Feb-2043
356
0.0%
Mar-2043
357
0.0%
Apr-2043
358
0.0%
May-2043
359
0.0%
Jun-2043
360
0.0%
926,420.78
Interest
Charged
Capital Repaid
526,420.78
Page 60 of 60
400,000.00
Closing
Balance
% Outstanding

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Excel Skills | Loan Calculation & Analysis Template

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Loan Account Summary

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Excel Skills | Loan Calculation & Analysis Template

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Interest Rate Change

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Interest Rate Change

Interest Rate Change

Interest Rate Change

Interest Rate Change

Interest Rate Change

Interest Rate Change

Number of Actual Repayments

Remaining Loan Repayments

Loan History (as at review date)

Ad Hoc Loan Repayments

Loan Period Summary

Total Loan Repayments

Interest: Actual vs Initial Amortization

Actual Interest: Amortization vs Forecast

Remaining Loan Repayments

Outstanding Loan Balance

Total Capital Repayments

Total Interest Charges

Loan Repayment Breakdown

Total Remaining Loan Repayments

Initial Loan Amortization Table

Annual Interest Rate

Loan Period (in Months)

Repayment Commencement Date

Initial Loan Amortization Table

Annual Interest Rate

Loan Period (in Months)

Repayment Commencement Date