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Daily Loan Principal & Interest Calculation Spreadsheet

#VALUE! 17-Feb-2018

D-H & Associates Consulting


This spreadsheet shows in daily detail the effect of amounts and timing of fees and loan
payments on a fixed rate loan. This sheet can be helpful in understanding the effects of
late and early payments and fees. This spreadsheet is intended to be an educational
tool. It is not intended to be a basis for financial or other important decisions.

A financial institution’s computer system may output slightly different results based on
how that system has been programmed to calculate. As with any utility tool like this the
user should validate it before using it to make decisions.
Spreadsheet
Daily Loan Principal & Interest Calculation Spreadsheet
#VALUE! 17-Feb-2018

Beginning Balance: $20,000.00 APR: 7.50% Daily: 0.020548%


Beginning day of Loan 1-Jun-2009 Maturity: 48 mos = 4 years
First payment date Payment: $483.57
System digit truncation: 8 digits
Required inputs in the table are the amounts of fees and payments, input on the days they were charged or paid.
Interest Cumulativ Balance + Total
Beginning Fees Interest Accrued e Interest Fees Interest Principal Remaining Interest Interest
Date Balance Chgd Rate each Day Accrued Payment Paid Paid Paid Balance Due Paid
1-Jun-2009 20,000.00 7.50% 0.00 0.00 0.00 0.00 0.00 0.00 20,000.00 20,000.00 0.00
2-Jun-2009 20,000.00 7.50% 4.11 4.11 0.00 0.00 20,000.00 20,004.11 0.00
3-Jun-2009 20,000.00 7.50% 4.11 8.22 0.00 0.00 20,000.00 20,008.22 0.00
4-Jun-2009 20,000.00 7.50% 4.11 12.33 0.00 0.00 20,000.00 20,012.33 0.00
5-Jun-2009 20,000.00 7.50% 4.11 16.44 0.00 0.00 20,000.00 20,016.44 0.00
6-Jun-2009 20,000.00 7.50% 4.11 20.55 0.00 0.00 20,000.00 20,020.55 0.00
7-Jun-2009 20,000.00 7.50% 4.11 24.66 0.00 0.00 20,000.00 20,024.66 0.00
8-Jun-2009 20,000.00 7.50% 4.11 28.77 0.00 0.00 20,000.00 20,028.77 0.00
9-Jun-2009 20,000.00 7.50% 4.11 32.88 0.00 0.00 20,000.00 20,032.88 0.00
10-Jun-2009 20,000.00 7.50% 4.11 36.99 0.00 0.00 20,000.00 20,036.99 0.00
11-Jun-2009 20,000.00 7.50% 4.11 41.10 0.00 0.00 20,000.00 20,041.10 0.00
12-Jun-2009 20,000.00 7.50% 4.11 45.21 0.00 0.00 20,000.00 20,045.21 0.00
13-Jun-2009 20,000.00 7.50% 4.11 49.32 0.00 0.00 20,000.00 20,049.32 0.00
14-Jun-2009 20,000.00 7.50% 4.11 53.42 0.00 0.00 20,000.00 20,053.42 0.00
15-Jun-2009 20,000.00 7.50% 4.11 57.53 0.00 0.00 20,000.00 20,057.53 0.00
16-Jun-2009 20,000.00 7.50% 4.11 61.64 0.00 0.00 20,000.00 20,061.64 0.00
17-Jun-2009 20,000.00 7.50% 4.11 65.75 0.00 0.00 20,000.00 20,065.75 0.00
18-Jun-2009 20,000.00 7.50% 4.11 69.86 0.00 0.00 20,000.00 20,069.86 0.00
19-Jun-2009 20,000.00 7.50% 4.11 73.97 0.00 0.00 20,000.00 20,073.97 0.00
20-Jun-2009 20,000.00 7.50% 4.11 78.08 0.00 0.00 20,000.00 20,078.08 0.00
21-Jun-2009 20,000.00 7.50% 4.11 82.19 0.00 0.00 20,000.00 20,082.19 0.00
22-Jun-2009 20,000.00 7.50% 4.11 86.30 0.00 0.00 20,000.00 20,086.30 0.00
23-Jun-2009 20,000.00 7.50% 4.11 90.41 0.00 0.00 20,000.00 20,090.41 0.00
24-Jun-2009 20,000.00 7.50% 4.11 94.52 0.00 0.00 20,000.00 20,094.52 0.00
25-Jun-2009 20,000.00 7.50% 4.11 98.63 0.00 0.00 20,000.00 20,098.63 0.00
26-Jun-2009 20,000.00 7.50% 4.11 102.74 0.00 0.00 20,000.00 20,102.74 0.00
27-Jun-2009 20,000.00 7.50% 4.11 106.85 0.00 0.00 20,000.00 20,106.85 0.00
28-Jun-2009 20,000.00 7.50% 4.11 110.96 0.00 0.00 20,000.00 20,110.96 0.00
29-Jun-2009 20,000.00 7.50% 4.11 115.07 0.00 0.00 20,000.00 20,115.07 0.00
30-Jun-2009 20,000.00 7.50% 4.11 119.18 0.00 0.00 20,000.00 20,119.18 0.00
1-Jul-2009 20,000.00 7.50% 4.11 123.29 0.00 0.00 20,000.00 20,123.29 0.00
2-Jul-2009 20,000.00 7.50% 4.11 127.40 0.00 0.00 20,000.00 20,127.40 0.00
3-Jul-2009 20,000.00 7.50% 4.11 131.51 0.00 0.00 20,000.00 20,131.51 0.00
4-Jul-2009 20,000.00 7.50% 4.11 135.62 0.00 0.00 20,000.00 20,135.62 0.00
5-Jul-2009 20,000.00 7.50% 4.11 139.73 0.00 0.00 20,000.00 20,139.73 0.00
6-Jul-2009 20,000.00 7.50% 4.11 143.84 0.00 0.00 20,000.00 20,143.84 0.00
7-Jul-2009 20,000.00 7.50% 4.11 147.95 0.00 0.00 20,000.00 20,147.95 0.00
8-Jul-2009 20,000.00 7.50% 4.11 152.05 0.00 0.00 20,000.00 20,152.05 0.00
9-Jul-2009 20,000.00 7.50% 4.11 156.16 0.00 0.00 20,000.00 20,156.16 0.00
10-Jul-2009 20,000.00 7.50% 4.11 160.27 0.00 0.00 20,000.00 20,160.27 0.00
11-Jul-2009 20,000.00 7.50% 4.11 164.38 0.00 0.00 20,000.00 20,164.38 0.00
12-Jul-2009 20,000.00 7.50% 4.11 168.49 0.00 0.00 20,000.00 20,168.49 0.00
13-Jul-2009 20,000.00 7.50% 4.11 172.60 0.00 0.00 20,000.00 20,172.60 0.00
14-Jul-2009 20,000.00 7.50% 4.11 176.71 0.00 0.00 20,000.00 20,176.71 0.00
15-Jul-2009 20,000.00 7.50% 4.11 180.82 0.00 0.00 20,000.00 20,180.82 0.00
16-Jul-2009 20,000.00 7.50% 4.11 184.93 0.00 0.00 20,000.00 20,184.93 0.00
17-Jul-2009 20,000.00 7.50% 4.11 189.04 0.00 0.00 20,000.00 20,189.04 0.00
18-Jul-2009 20,000.00 7.50% 4.11 193.15 0.00 0.00 20,000.00 20,193.15 0.00
19-Jul-2009 20,000.00 7.50% 4.11 197.26 0.00 0.00 20,000.00 20,197.26 0.00