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Loan Calculation Sample
Loan Calculation Sample
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 On this sheet:
home loan calculations but can be used for any loan where the principles of monthly repayment and daily interest are This sheet includes detailed instructions
applied. on setting up and using this 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.
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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 4 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
Template Set-up
On this sheet:
This sheet includes detailed instructions
Aside from recording loan account transactions, the template does not require a lot of set-up. We recommend that you on setting up and using this template.
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).
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 5 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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 On this sheet:
by simply sorting all the transactions on the Statement sheet in an ascending order by the date in the first column. By This sheet includes detailed instructions
sorting the transactions in the correct order, you will ensure that the date sequence is rectified and that all interest on setting up and using this template.
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 6 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
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Ad Hoc Repayments
On this sheet:
The template accommodates an unlimited number of ad hoc loan repayments. It also makes no difference whether the ad This sheet includes detailed instructions
hoc repayment is an increased instalment or a lump sum repayment. on setting up and using this template.
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.
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 7 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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 this sheet:
This sheet includes detailed instructions
Other Loan Costs on setting up and using this template.
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.
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.
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 8 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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 On this sheet:
type 4), admin fees (transaction type 6), insurance premiums (transaction type 7) and other costs (all transaction types This sheet includes detailed instructions
greater than 7 that have been added to the TransCode sheet) are also calculated based on the transaction types of the on setting up and using this template.
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 9 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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 On this sheet:
incorporates ad hoc loan repayments. Refer to the Initial Loan Amortization and Loan Repayment Forecasts sections for This sheet includes detailed instructions
more guidance on these calculations. on setting up and using this template.
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.
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 10 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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 11 of 64
Excel Skills | Loan Calculation & Analysis Template
Instructions
www.excel-skills.com
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.
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 [email protected] 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 12 of 64
Transaction Codes
Page 13 of 64
Loan Statement
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New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
4/1/2005 5 Interest Rate Change 10.75% - - - 10.75% 2005/4 0 - -
4/1/2005 1 Loan Advance 0.00% 400,000.00 - 400,000.00 10.75% 2005/4 0 - -
4/2/2005 6 Admin Fee 0.00% 5.70 - 400,005.70 10.75% 2005/4 1 400,000.00 117.81
4/2/2005 7 Insurance Premium 0.00% 147.40 - 400,153.10 10.75% 2005/4 0 400,005.70 -
4/30/2005 4 Interest Capitalized 0.00% - 3,535.55 403,688.65 10.75% 2005/4 29 400,153.10 3,417.75
5/3/2005 6 Admin Fee 0.00% 5.70 - 403,694.35 10.75% 2005/5 2 403,688.65 237.79
5/4/2005 7 Insurance Premium 0.00% 147.40 - 403,841.75 10.75% 2005/5 1 403,694.35 118.90
5/7/2005 2 Loan Repayment 0.00% -4,214.02 - 399,627.73 10.75% 2005/5 3 403,841.75 356.82
5/31/2005 4 Interest Capitalized 0.00% - 3,655.97 403,283.70 10.75% 2005/5 25 399,627.73 2,942.46
6/1/2005 6 Admin Fee 0.00% 5.70 - 403,289.40 10.75% 2005/6 0 403,283.70 -
6/2/2005 7 Insurance Premium 0.00% 147.40 - 403,436.80 10.75% 2005/6 1 403,289.40 118.78
6/7/2005 2 Loan Repayment 0.00% -4,214.02 - 399,222.78 10.75% 2005/6 5 403,436.80 594.10
6/30/2005 4 Interest Capitalized 0.00% - 3,534.78 402,757.57 10.75% 2005/6 24 399,222.78 2,821.90
7/1/2005 6 Admin Fee 0.00% 5.70 - 402,763.27 10.75% 2005/7 0 402,757.57 -
7/2/2005 7 Insurance Premium 0.00% 147.40 - 402,910.67 10.75% 2005/7 1 402,763.27 118.62
7/7/2005 2 Loan Repayment 0.00% -4,214.02 - 398,696.65 10.75% 2005/7 5 402,910.67 593.33
7/31/2005 4 Interest Capitalized 0.00% - 3,647.56 402,344.20 10.75% 2005/7 25 398,696.65 2,935.61
8/1/2005 6 Admin Fee 0.00% 5.70 - 402,349.90 10.75% 2005/8 0 402,344.20 -
8/2/2005 7 Insurance Premium 0.00% 147.40 - 402,497.30 10.75% 2005/8 1 402,349.90 118.50
8/8/2005 2 Loan Repayment 0.00% -4,214.02 - 398,283.28 10.75% 2005/8 6 402,497.30 711.26
8/31/2005 4 Interest Capitalized 0.00% - 3,645.03 401,928.31 10.75% 2005/8 24 398,283.28 2,815.26
9/1/2005 6 Admin Fee 0.00% 5.70 - 401,934.01 10.75% 2005/9 0 401,928.31 -
9/2/2005 7 Insurance Premium 0.00% 147.40 - 402,081.41 10.75% 2005/9 1 401,934.01 118.38
9/7/2005 2 Loan Repayment 0.00% -4,214.02 - 397,867.39 10.75% 2005/9 5 402,081.41 592.11
9/30/2005 4 Interest Capitalized 0.00% - 3,522.81 401,390.20 10.75% 2005/9 24 397,867.39 2,812.32
10/1/2005 6 Admin Fee 0.00% 5.70 - 401,395.90 10.75% 2005/10 0 401,390.20 -
10/3/2005 7 Insurance Premium 0.00% 147.40 - 401,543.30 10.75% 2005/10 2 401,395.90 236.44
10/7/2005 2 Loan Repayment 0.00% -4,214.02 - 397,329.28 10.75% 2005/10 4 401,543.30 473.05
10/28/2005 5 Interest Rate Change 10.25% - - 397,329.28 10.25% 2005/10 21 397,329.28 2,457.45
10/31/2005 4 Interest Capitalized 0.00% - 3,613.26 400,942.54 10.25% 2005/10 4 397,329.28 446.32
11/1/2005 6 Admin Fee 0.00% 5.70 - 400,948.24 10.25% 2005/11 0 400,942.54 -
11/2/2005 7 Insurance Premium 0.00% 147.40 - 401,095.64 10.25% 2005/11 1 400,948.24 112.60
11/7/2005 2 Loan Repayment 0.00% -4,108.49 - 396,987.15 10.25% 2005/11 5 401,095.64 563.18
11/30/2005 4 Interest Capitalized 0.00% - 3,351.36 400,338.51 10.25% 2005/11 24 396,987.15 2,675.58
12/1/2005 6 Admin Fee 0.00% 5.70 - 400,344.21 10.25% 2005/12 0 400,338.51 -
12/2/2005 7 Insurance Premium 0.00% 147.40 - 400,491.61 10.25% 2005/12 1 400,344.21 112.43
12/7/2005 2 Loan Repayment 0.00% -4,108.49 - 396,383.12 10.25% 2005/12 5 400,491.61 562.33
Page 14 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
12/31/2005 4 Interest Capitalized 0.00% - 3,457.59 399,840.70 10.25% 2005/12 25 396,383.12 2,782.83
1/4/2006 7 Insurance Premium 0.00% 147.40 - 399,988.10 10.25% 2006/1 3 399,840.70 336.85
1/4/2006 6 Admin Fee 0.00% 5.70 - 399,993.80 10.25% 2006/1 0 399,988.10 -
1/7/2006 2 Loan Repayment 0.00% -4,108.49 - 395,885.31 10.25% 2006/1 3 399,993.80 336.98
1/10/2006 3 Ad Hoc Repayment 0.00% -5,000.00 - 390,885.31 10.25% 2006/1 3 395,885.31 333.52
1/31/2006 4 Interest Capitalized 0.00% - 3,422.27 394,307.59 10.25% 2006/1 22 390,885.31 2,414.92
2/1/2006 6 Admin Fee 0.00% 5.70 - 394,313.29 10.25% 2006/2 0 394,307.59 -
2/2/2006 7 Insurance Premium 0.00% 164.49 - 394,477.78 10.25% 2006/2 1 394,313.29 110.73
2/7/2006 2 Loan Repayment 0.00% -4,125.58 - 390,352.20 10.25% 2006/2 5 394,477.78 553.89
2/28/2006 4 Interest Capitalized 0.00% - 3,076.25 393,428.45 10.25% 2006/2 22 390,352.20 2,411.63
3/2/2006 6 Admin Fee 0.00% 5.70 - 393,434.15 10.25% 2006/3 1 393,428.45 110.48
3/3/2006 7 Insurance Premium 0.00% 164.49 - 393,598.64 10.25% 2006/3 1 393,434.15 110.48
3/7/2006 2 Loan Repayment 0.00% -4,125.58 - 389,473.06 10.25% 2006/3 4 393,598.64 442.12
3/31/2006 4 Interest Capitalized 0.00% - 3,397.41 392,870.47 10.25% 2006/3 25 389,473.06 2,734.31
4/1/2006 6 Admin Fee 0.00% 5.70 - 392,876.17 10.25% 2006/4 0 392,870.47 -
4/3/2006 7 Insurance Premium 0.00% 164.49 - 393,040.66 10.25% 2006/4 2 392,876.17 220.66
4/7/2006 2 Loan Repayment 0.00% -4,125.58 - 388,915.08 10.25% 2006/4 4 393,040.66 441.50
4/30/2006 4 Interest Capitalized 0.00% - 3,283.34 392,198.41 10.25% 2006/4 24 388,915.08 2,621.18
5/2/2006 6 Admin Fee 0.00% 5.70 - 392,204.11 10.25% 2006/5 1 392,198.41 110.14
5/3/2006 7 Insurance Premium 0.00% 164.49 - 392,368.60 10.25% 2006/5 1 392,204.11 110.14
5/8/2006 2 Loan Repayment 0.00% -4,125.58 - 388,243.02 10.25% 2006/5 5 392,368.60 550.93
5/31/2006 4 Interest Capitalized 0.00% - 3,387.86 391,630.88 10.25% 2006/5 24 388,243.02 2,616.65
6/1/2006 6 Admin Fee 0.00% 5.70 - 391,636.58 10.25% 2006/6 0 391,630.88 -
6/2/2006 7 Insurance Premium 0.00% 164.49 - 391,801.07 10.25% 2006/6 1 391,636.58 109.98
6/7/2006 2 Loan Repayment 0.00% -4,125.58 - 387,675.49 10.25% 2006/6 5 391,801.07 550.13
6/14/2006 5 Interest Rate Change 10.75% - - 387,675.49 10.75% 2006/6 7 387,675.49 762.07
6/30/2006 4 Interest Capitalized 0.00% - 3,363.22 391,038.71 10.75% 2006/6 17 387,675.49 1,941.03
7/1/2006 6 Admin Fee 0.00% 5.70 - 391,044.41 10.75% 2006/7 0 391,038.71 -
7/3/2006 7 Insurance Premium 0.00% 164.49 - 391,208.90 10.75% 2006/7 2 391,044.41 230.34
7/7/2006 2 Loan Repayment 0.00% -4,184.88 - 387,024.02 10.75% 2006/7 4 391,208.90 460.88
7/31/2006 4 Interest Capitalized 0.00% - 3,540.88 390,564.90 10.75% 2006/7 25 387,024.02 2,849.66
8/1/2006 6 Admin Fee 0.00% 5.70 - 390,570.60 10.75% 2006/8 0 390,564.90 -
8/2/2006 7 Insurance Premium 0.00% 164.49 - 390,735.09 10.75% 2006/8 1 390,570.60 115.03
8/5/2006 5 Interest Rate Change 11.25% - - 390,735.09 11.25% 2006/8 3 390,735.09 345.24
8/7/2006 2 Loan Repayment 0.00% -4,348.45 - 386,386.64 11.25% 2006/8 2 390,735.09 240.86
8/31/2006 4 Interest Capitalized 0.00% - 3,678.43 390,065.07 11.25% 2006/8 25 386,386.64 2,977.29
9/1/2006 6 Admin Fee 0.00% 5.70 - 390,070.77 11.25% 2006/9 0 390,065.07 -
Page 15 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
9/2/2006 7 Insurance Premium 0.00% 164.49 - 390,235.26 11.25% 2006/9 1 390,070.77 120.23
9/7/2006 2 Loan Repayment 0.00% -4,348.45 - 385,886.81 11.25% 2006/9 5 390,235.26 601.39
9/30/2006 4 Interest Capitalized 0.00% - 3,576.12 389,462.93 11.25% 2006/9 24 385,886.81 2,854.51
10/2/2006 6 Admin Fee 0.00% 5.70 - 389,468.63 11.25% 2006/10 1 389,462.93 120.04
10/3/2006 7 Insurance Premium 0.00% 164.49 - 389,633.12 11.25% 2006/10 1 389,468.63 120.04
10/7/2006 2 Loan Repayment 0.00% -4,348.45 - 385,284.67 11.25% 2006/10 4 389,633.12 480.37
10/14/2006 5 Interest Rate Change 11.75% - - 385,284.67 11.75% 2006/10 7 385,284.67 831.26
10/31/2006 4 Interest Capitalized 0.00% - 3,784.26 389,068.92 11.75% 2006/10 18 385,284.67 2,232.54
11/1/2006 6 Admin Fee 0.00% 5.70 - 389,074.62 11.75% 2006/11 0 389,068.92 -
11/2/2006 7 Insurance Premium 0.00% 164.49 - 389,239.11 11.75% 2006/11 1 389,074.62 125.25
11/7/2006 2 Loan Repayment 0.00% -4,499.32 - 384,739.79 11.75% 2006/11 5 389,239.11 626.52
11/30/2006 4 Interest Capitalized 0.00% - 3,724.28 388,464.07 11.75% 2006/11 24 384,739.79 2,972.51
12/1/2006 6 Admin Fee 0.00% 5.70 - 388,469.77 11.75% 2006/12 0 388,464.07 -
12/2/2006 7 Insurance Premium 0.00% 164.49 - 388,634.26 11.75% 2006/12 1 388,469.77 125.06
12/7/2006 2 Loan Repayment 0.00% -4,499.32 - 384,134.94 11.75% 2006/12 5 388,634.26 625.54
12/9/2006 5 Interest Rate Change 12.25% - - 384,134.94 12.25% 2006/12 2 384,134.94 247.32
12/31/2006 4 Interest Capitalized 0.00% - 3,963.12 388,098.06 12.25% 2006/12 23 384,134.94 2,965.21
1/2/2007 6 Admin Fee 0.00% 5.70 - 388,103.76 12.25% 2007/1 1 388,098.06 130.25
1/3/2007 7 Insurance Premium 0.00% 164.49 - 388,268.25 12.25% 2007/1 1 388,103.76 130.25
1/8/2007 2 Loan Repayment 0.00% -4,564.51 - 383,703.74 12.25% 2007/1 5 388,268.25 651.55
1/31/2007 4 Interest Capitalized 0.00% - 4,002.71 387,706.45 12.25% 2007/1 24 383,703.74 3,090.65
2/1/2007 6 Admin Fee 0.00% 5.70 - 387,712.15 12.25% 2007/2 0 387,706.45 -
2/2/2007 7 Insurance Premium 0.00% 171.04 - 387,883.19 12.25% 2007/2 1 387,712.15 130.12
2/7/2007 2 Loan Repayment 0.00% -4,571.06 - 383,312.13 12.25% 2007/2 5 387,883.19 650.90
2/28/2007 4 Interest Capitalized 0.00% - 3,611.23 386,923.36 12.25% 2007/2 22 383,312.13 2,830.21
3/1/2007 6 Admin Fee 0.00% 5.70 - 386,929.06 12.25% 2007/3 0 386,923.36 -
3/2/2007 7 Insurance Premium 0.00% 171.04 - 387,100.10 12.25% 2007/3 1 386,929.06 129.86
3/7/2007 2 Loan Repayment 0.00% -4,571.06 - 382,529.04 12.25% 2007/3 5 387,100.10 649.59
3/31/2007 4 Interest Capitalized 0.00% - 3,989.02 386,518.06 12.25% 2007/3 25 382,529.04 3,209.58
4/2/2007 6 Admin Fee 0.00% 5.70 - 386,523.76 12.25% 2007/4 1 386,518.06 129.72
4/3/2007 7 Insurance Premium 0.00% 171.04 - 386,694.80 12.25% 2007/4 1 386,523.76 129.72
4/7/2007 2 Loan Repayment 0.00% -4,571.06 - 382,123.74 12.25% 2007/4 4 386,694.80 519.12
4/30/2007 4 Interest Capitalized 0.00% - 3,856.50 385,980.24 12.25% 2007/4 24 382,123.74 3,077.93
5/2/2007 6 Admin Fee 0.00% 5.70 - 385,985.94 12.25% 2007/5 1 385,980.24 129.54
5/3/2007 7 Insurance Premium 0.00% 171.04 - 386,156.98 12.25% 2007/5 1 385,985.94 129.54
5/7/2007 2 Loan Repayment 0.00% -4,571.06 - 381,585.92 12.25% 2007/5 4 386,156.98 518.40
5/31/2007 4 Interest Capitalized 0.00% - 3,979.15 385,565.07 12.25% 2007/5 25 381,585.92 3,201.66
Page 16 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
6/1/2007 6 Admin Fee 0.00% 5.70 - 385,570.77 12.25% 2007/6 0 385,565.07 -
6/2/2007 7 Insurance Premium 0.00% 171.04 - 385,741.81 12.25% 2007/6 1 385,570.77 129.40
6/7/2007 2 Loan Repayment 0.00% -4,571.06 - 381,170.75 12.25% 2007/6 5 385,741.81 647.31
6/8/2007 5 Interest Rate Change 12.75% - - 381,170.75 12.75% 2007/6 1 381,170.75 127.93
6/30/2007 4 Interest Capitalized 0.00% - 3,967.06 385,137.81 12.75% 2007/6 23 381,170.75 3,062.42
7/2/2007 6 Admin Fee 0.00% 5.70 - 385,143.51 12.75% 2007/7 1 385,137.81 134.53
7/3/2007 7 Insurance Premium 0.00% 171.04 - 385,314.55 12.75% 2007/7 1 385,143.51 134.54
7/7/2007 2 Loan Repayment 0.00% -4,699.12 - 380,615.43 12.75% 2007/7 4 385,314.55 538.38
7/15/2007 3 Ad Hoc Repayment 0.00% -10,000.00 - 370,615.43 12.75% 2007/7 8 380,615.43 1,063.64
7/31/2007 4 Interest Capitalized 0.00% - 4,071.94 374,687.37 12.75% 2007/7 17 370,615.43 2,200.85
8/1/2007 6 Admin Fee 0.00% 5.70 - 374,693.07 12.75% 2007/8 0 374,687.37 -
8/2/2007 7 Insurance Premium 0.00% 171.04 - 374,864.11 12.75% 2007/8 1 374,693.07 130.89
8/7/2007 2 Loan Repayment 0.00% -4,699.12 - 370,164.99 12.75% 2007/8 5 374,864.11 654.73
8/17/2007 5 Interest Rate Change 13.25% - - 370,164.99 13.25% 2007/8 10 370,164.99 1,293.04
8/31/2007 4 Interest Capitalized 0.00% - 4,094.28 374,259.27 13.25% 2007/8 15 370,164.99 2,015.62
9/1/2007 6 Admin Fee 0.00% 5.70 - 374,264.97 13.25% 2007/9 0 374,259.27 -
9/3/2007 7 Insurance Premium 0.00% 171.04 - 374,436.01 13.25% 2007/9 2 374,264.97 271.73
9/7/2007 2 Loan Repayment 0.00% -4,721.31 - 369,714.70 13.25% 2007/9 4 374,436.01 543.70
9/30/2007 4 Interest Capitalized 0.00% - 4,036.50 373,751.20 13.25% 2007/9 24 369,714.70 3,221.08
10/1/2007 6 Admin Fee 0.00% 5.70 - 373,756.90 13.25% 2007/10 0 373,751.20 -
10/2/2007 7 Insurance Premium 0.00% 171.04 - 373,927.94 13.25% 2007/10 1 373,756.90 135.68
10/4/2007 5 Interest Rate Change 12.40% - - 373,927.94 12.40% 2007/10 2 373,927.94 271.48
10/8/2007 2 Loan Repayment 0.00% -4,571.65 - 369,356.29 12.40% 2007/10 4 373,927.94 508.13
10/31/2007 4 Interest Capitalized 0.00% - 3,926.81 373,283.10 12.40% 2007/10 24 369,356.29 3,011.52
11/1/2007 6 Admin Fee 0.00% 35.00 - 373,318.10 12.40% 2007/11 0 373,283.10 -
11/2/2007 7 Insurance Premium 0.00% 171.04 - 373,489.14 12.40% 2007/11 1 373,318.10 126.83
11/7/2007 2 Loan Repayment 0.00% -4,571.65 - 368,917.49 12.40% 2007/11 5 373,489.14 634.42
11/30/2007 4 Interest Capitalized 0.00% - 3,769.19 372,686.68 12.40% 2007/11 24 368,917.49 3,007.94
12/1/2007 6 Admin Fee 0.00% 35.00 - 372,721.68 12.40% 2007/12 0 372,686.68 -
12/3/2007 7 Insurance Premium 0.00% 171.04 - 372,892.72 12.40% 2007/12 2 372,721.68 253.25
12/7/2007 5 Interest Rate Change 13.40% - - 372,892.72 13.40% 2007/12 4 372,892.72 506.73
12/7/2007 2 Loan Repayment 0.00% -4,829.64 - 368,063.08 13.40% 2007/12 0 372,892.72 -
12/31/2007 4 Interest Capitalized 0.00% - 4,138.09 372,201.16 13.40% 2007/12 25 368,063.08 3,378.11
1/2/2008 6 Admin Fee 0.00% 35.00 - 372,236.16 13.40% 2008/1 1 372,201.16 136.64
1/3/2008 7 Insurance Premium 0.00% 171.04 - 372,407.20 13.40% 2008/1 1 372,236.16 136.66
1/7/2008 2 Loan Repayment 0.00% -4,829.64 - 367,577.56 13.40% 2008/1 4 372,407.20 546.88
1/15/2008 3 Ad Hoc Repayment 0.00% -15,000.00 - 352,577.56 13.40% 2008/1 8 367,577.56 1,079.57
Page 17 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
1/31/2008 4 Interest Capitalized 0.00% - 4,100.22 356,677.78 13.40% 2008/1 17 352,577.56 2,200.47
2/1/2008 6 Admin Fee 0.00% 37.00 - 356,714.78 13.40% 2008/2 0 356,677.78 -
2/2/2008 7 Insurance Premium 0.00% 179.03 - 356,893.81 13.40% 2008/2 1 356,714.78 130.96
2/7/2008 2 Loan Repayment 0.00% -4,839.63 - 352,054.18 13.40% 2008/2 5 356,893.81 655.12
2/29/2008 4 Interest Capitalized 0.00% - 3,758.77 355,812.95 13.40% 2008/2 23 352,054.18 2,972.69
3/1/2008 6 Admin Fee 0.00% 37.00 - 355,849.95 13.40% 2008/3 0 355,812.95 -
3/3/2008 7 Insurance Premium 0.00% 179.03 - 356,028.98 13.40% 2008/3 2 355,849.95 261.28
3/7/2008 2 Loan Repayment 0.00% -4,839.63 - 351,189.35 13.40% 2008/3 4 356,028.98 522.83
3/31/2008 4 Interest Capitalized 0.00% - 4,007.35 355,196.70 13.40% 2008/3 25 351,189.35 3,223.24
4/1/2008 6 Admin Fee 0.00% 37.00 - 355,233.70 13.40% 2008/4 0 355,196.70 -
4/2/2008 7 Insurance Premium 0.00% 179.03 - 355,412.73 13.40% 2008/4 1 355,233.70 130.41
4/7/2008 2 Loan Repayment 0.00% -4,839.63 - 350,573.10 13.40% 2008/4 5 355,412.73 652.40
4/11/2008 5 Interest Rate Change 13.90% - - 350,573.10 13.90% 2008/4 4 350,573.10 514.81
4/30/2008 4 Interest Capitalized 0.00% - 3,967.75 354,540.85 13.90% 2008/4 20 350,573.10 2,670.12
5/3/2008 6 Admin Fee 0.00% 37.00 - 354,577.85 13.90% 2008/5 2 354,540.85 270.03
5/5/2008 7 Insurance Premium 0.00% 179.03 - 354,756.88 13.90% 2008/5 2 354,577.85 270.06
5/7/2008 2 Loan Repayment 0.00% -4,711.86 - 350,045.02 13.90% 2008/5 2 354,756.88 270.20
5/31/2008 4 Interest Capitalized 0.00% - 4,142.91 354,187.93 13.90% 2008/5 25 350,045.02 3,332.62
6/2/2008 6 Admin Fee 0.00% 37.00 - 354,224.93 13.90% 2008/6 1 354,187.93 134.88
6/3/2008 7 Insurance Premium 0.00% 179.03 - 354,403.96 13.90% 2008/6 1 354,224.93 134.90
6/7/2008 2 Loan Repayment 0.00% -4,711.86 - 349,692.10 13.90% 2008/6 4 354,403.96 539.86
6/13/2008 5 Interest Rate Change 14.40% - - 349,692.10 14.40% 2008/6 6 349,692.10 799.02
6/30/2008 4 Interest Capitalized 0.00% - 4,091.95 353,784.06 14.40% 2008/6 18 349,692.10 2,483.29
7/1/2008 6 Admin Fee 0.00% 37.00 - 353,821.06 14.40% 2008/7 0 353,784.06 -
7/2/2008 7 Insurance Premium 0.00% 179.03 - 354,000.09 14.40% 2008/7 1 353,821.06 139.59
7/7/2008 2 Loan Repayment 0.00% -4,837.15 - 349,162.94 14.40% 2008/7 5 354,000.09 698.30
7/31/2008 4 Interest Capitalized 0.00% - 4,281.69 353,444.63 14.40% 2008/7 25 349,162.94 3,443.80
8/1/2008 6 Admin Fee 0.00% 37.00 - 353,481.63 14.40% 2008/8 0 353,444.63 -
8/2/2008 7 Insurance Premium 0.00% 179.03 - 353,660.66 14.40% 2008/8 1 353,481.63 139.46
8/7/2008 2 Loan Repayment 0.00% -4,837.15 - 348,823.51 14.40% 2008/8 5 353,660.66 697.63
8/31/2008 4 Interest Capitalized 0.00% - 4,277.54 353,101.05 14.40% 2008/8 25 348,823.51 3,440.45
9/1/2008 6 Admin Fee 0.00% 37.00 - 353,138.05 14.40% 2008/9 0 353,101.05 -
9/2/2008 7 Insurance Premium 0.00% 179.03 - 353,317.08 14.40% 2008/9 1 353,138.05 139.32
9/8/2008 2 Loan Repayment 0.00% -4,837.15 - 348,479.93 14.40% 2008/9 6 353,317.08 836.35
9/30/2008 4 Interest Capitalized 0.00% - 4,137.76 352,617.69 14.40% 2008/9 23 348,479.93 3,162.10
10/1/2008 6 Admin Fee 0.00% 37.00 - 352,654.69 14.40% 2008/10 0 352,617.69 -
10/2/2008 7 Insurance Premium 0.00% 179.03 - 352,833.72 14.40% 2008/10 1 352,654.69 139.13
Page 18 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
10/7/2008 2 Loan Repayment 0.00% -4,837.15 - 347,996.57 14.40% 2008/10 5 352,833.72 696.00
10/31/2008 4 Interest Capitalized 0.00% - 4,267.43 352,264.00 14.40% 2008/10 25 347,996.57 3,432.29
11/1/2008 6 Admin Fee 0.00% 37.00 - 352,301.00 14.40% 2008/11 0 352,264.00 -
11/3/2008 7 Insurance Premium 0.00% 179.03 - 352,480.03 14.40% 2008/11 2 352,301.00 277.98
11/7/2008 2 Loan Repayment 0.00% -4,837.15 - 347,642.88 14.40% 2008/11 4 352,480.03 556.24
11/30/2008 4 Interest Capitalized 0.00% - 4,125.88 351,768.75 14.40% 2008/11 24 347,642.88 3,291.65
12/1/2008 6 Admin Fee 0.00% 37.00 - 351,805.75 14.40% 2008/12 0 351,768.75 -
12/2/2008 7 Insurance Premium 0.00% 179.03 - 351,984.78 14.40% 2008/12 1 351,805.75 138.79
12/8/2008 2 Loan Repayment 0.00% -4,837.15 - 347,147.63 14.40% 2008/12 6 351,984.78 833.19
12/12/2008 5 Interest Rate Change 13.90% - - 347,147.63 13.90% 2008/12 4 347,147.63 547.83
12/31/2008 4 Interest Capitalized 0.00% - 4,163.84 351,311.47 13.90% 2008/12 20 347,147.63 2,644.03
1/2/2009 6 Admin Fee 0.00% 42.00 - 351,353.47 13.90% 2009/1 1 351,311.47 133.79
1/3/2009 7 Insurance Premium 0.00% 179.03 - 351,532.50 13.90% 2009/1 1 351,353.47 133.80
1/7/2009 2 Loan Repayment 0.00% -4,719.16 - 346,813.34 13.90% 2009/1 4 351,532.50 535.49
1/31/2009 4 Interest Capitalized 0.00% - 4,104.93 350,918.27 13.90% 2009/1 25 346,813.34 3,301.85
2/2/2009 6 Admin Fee 0.00% 42.00 - 350,960.27 13.90% 2009/2 1 350,918.27 133.64
2/3/2009 7 Insurance Premium 0.00% 202.16 - 351,162.43 13.90% 2009/2 1 350,960.27 133.65
2/6/2009 5 Interest Rate Change 12.90% - - 351,162.43 12.90% 2009/2 3 351,162.43 401.19
2/7/2009 2 Loan Repayment 0.00% -4,488.39 - 346,674.04 12.90% 2009/2 1 351,162.43 124.11
2/28/2009 4 Interest Capitalized 0.00% - 3,488.10 350,162.14 12.90% 2009/2 22 346,674.04 2,695.51
3/2/2009 6 Admin Fee 0.00% 42.00 - 350,204.14 12.90% 2009/3 1 350,162.14 123.76
3/3/2009 7 Insurance Premium 0.00% 202.16 - 350,406.30 12.90% 2009/3 1 350,204.14 123.77
3/7/2009 2 Loan Repayment 0.00% -4,488.39 - 345,917.91 12.90% 2009/3 4 350,406.30 495.37
3/25/2009 5 Interest Rate Change 11.90% - - 345,917.91 11.90% 2009/3 18 345,917.91 2,200.61
3/31/2009 4 Interest Capitalized 0.00% - 3,732.95 349,650.87 11.90% 2009/3 7 345,917.91 789.45
4/1/2009 6 Admin Fee 0.00% 42.00 - 349,692.87 11.90% 2009/4 0 349,650.87 -
4/2/2009 7 Insurance Premium 0.00% 202.16 - 349,895.03 11.90% 2009/4 1 349,692.87 114.01
4/7/2009 2 Loan Repayment 0.00% -4,300.28 - 345,594.75 11.90% 2009/4 5 349,895.03 570.38
4/30/2009 4 Interest Capitalized 0.00% - 3,388.55 348,983.29 11.90% 2009/4 24 345,594.75 2,704.16
5/2/2009 6 Admin Fee 0.00% 42.00 - 349,025.29 11.90% 2009/5 1 348,983.29 113.78
5/4/2009 7 Insurance Premium 0.00% 202.16 - 349,227.45 11.90% 2009/5 2 349,025.29 227.58
5/7/2009 2 Loan Repayment 0.00% -4,300.28 - 344,927.17 11.90% 2009/5 3 349,227.45 341.57
5/29/2009 5 Interest Rate Change 9.90% - - 344,927.17 9.90% 2009/5 22 344,927.17 2,474.03
5/31/2009 4 Interest Capitalized 0.00% - 3,437.63 348,364.80 9.90% 2009/5 3 344,927.17 280.67
6/1/2009 6 Admin Fee 0.00% 42.00 - 348,406.80 9.90% 2009/6 0 348,364.80 -
6/2/2009 7 Insurance Premium 0.00% 202.16 - 348,608.96 9.90% 2009/6 1 348,406.80 94.50
6/8/2009 2 Loan Repayment 0.00% -3,863.81 - 344,745.15 9.90% 2009/6 6 348,608.96 567.33
Page 19 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
6/30/2009 4 Interest Capitalized 0.00% - 2,812.47 347,557.62 9.90% 2009/6 23 344,745.15 2,150.64
7/1/2009 6 Admin Fee 0.00% 42.00 - 347,599.62 9.90% 2009/7 0 347,557.62 -
7/3/2009 7 Insurance Premium 0.00% 202.16 - 347,801.78 9.90% 2009/7 2 347,599.62 188.56
7/7/2009 2 Loan Repayment 0.00% -3,863.81 - 343,937.97 9.90% 2009/7 4 347,801.78 377.34
7/31/2009 4 Interest Capitalized 0.00% - 2,898.08 346,836.05 9.90% 2009/7 25 343,937.97 2,332.18
8/1/2009 6 Admin Fee 0.00% 42.00 - 346,878.05 9.90% 2009/8 0 346,836.05 -
8/3/2009 7 Insurance Premium 0.00% 202.16 - 347,080.21 9.90% 2009/8 2 346,878.05 188.17
8/7/2009 2 Loan Repayment 0.00% -3,863.81 - 343,216.40 9.90% 2009/8 4 347,080.21 376.56
8/14/2009 5 Interest Rate Change 9.40% - - 343,216.40 9.40% 2009/8 7 343,216.40 651.64
8/31/2009 4 Interest Capitalized 0.00% - 2,807.39 346,023.79 9.40% 2009/8 18 343,216.40 1,591.02
9/1/2009 6 Admin Fee 0.00% 42.00 - 346,065.79 9.40% 2009/9 0 346,023.79 -
9/3/2009 7 Insurance Premium 0.00% 202.16 - 346,267.95 9.40% 2009/9 2 346,065.79 178.25
9/7/2009 2 Loan Repayment 0.00% -3,745.26 - 342,522.69 9.40% 2009/9 4 346,267.95 356.70
9/30/2009 4 Interest Capitalized 0.00% - 2,652.02 345,174.71 9.40% 2009/9 24 342,522.69 2,117.07
10/1/2009 6 Admin Fee 0.00% 42.00 - 345,216.71 9.40% 2009/10 0 345,174.71 -
10/3/2009 7 Insurance Premium 0.00% 202.16 - 345,418.87 9.40% 2009/10 2 345,216.71 177.81
10/7/2009 2 Loan Repayment 0.00% -3,745.26 - 341,673.61 9.40% 2009/10 4 345,418.87 355.83
10/31/2009 4 Interest Capitalized 0.00% - 2,733.46 344,407.07 9.40% 2009/10 25 341,673.61 2,199.82
11/1/2009 6 Admin Fee 0.00% 42.00 - 344,449.07 9.40% 2009/11 0 344,407.07 -
11/3/2009 7 Insurance Premium 0.00% 202.16 - 344,651.23 9.40% 2009/11 2 344,449.07 177.41
11/5/2009 3 Ad Hoc Repayment 0.00% -30,000.00 - 314,651.23 9.40% 2009/11 2 344,651.23 177.52
11/7/2009 2 Loan Repayment 0.00% -3,745.26 - 310,905.97 9.40% 2009/11 2 314,651.23 162.07
11/30/2009 4 Interest Capitalized 0.00% - 2,438.66 313,344.62 9.40% 2009/11 24 310,905.97 1,921.65
12/1/2009 6 Admin Fee 0.00% 42.00 - 313,386.62 9.40% 2009/12 0 313,344.62 -
12/3/2009 7 Insurance Premium 0.00% 202.16 - 313,588.78 9.40% 2009/12 2 313,386.62 161.42
12/7/2009 2 Loan Repayment 0.00% -3,745.26 - 309,843.52 9.40% 2009/12 4 313,588.78 323.04
12/31/2009 4 Interest Capitalized 0.00% - 2,479.34 312,322.86 9.40% 2009/12 25 309,843.52 1,994.88
1/1/2010 6 Admin Fee 0.00% 46.00 - 312,368.86 9.40% 2010/1 0 312,322.86 -
1/3/2010 7 Insurance Premium 0.00% 202.16 - 312,571.02 9.40% 2010/1 2 312,368.86 160.89
1/7/2010 2 Loan Repayment 0.00% -3,745.26 - 308,825.76 9.40% 2010/1 4 312,571.02 321.99
1/31/2010 4 Interest Capitalized 0.00% - 2,471.21 311,296.97 9.40% 2010/1 25 308,825.76 1,988.33
2/1/2010 6 Admin Fee 0.00% 46.00 - 311,342.97 9.40% 2010/2 0 311,296.97 -
2/3/2010 7 Insurance Premium 0.00% 228.20 - 311,571.17 9.40% 2010/2 2 311,342.97 160.36
2/7/2010 2 Loan Repayment 0.00% -3,745.26 - 307,825.91 9.40% 2010/2 4 311,571.17 320.96
2/15/2010 3 Ad Hoc Repayment 0.00% -15,000.00 - 292,825.91 9.40% 2010/2 8 307,825.91 634.21
2/28/2010 4 Interest Capitalized 0.00% - 2,171.31 294,997.22 9.40% 2010/2 14 292,825.91 1,055.78
3/1/2010 6 Admin Fee 0.00% 46.00 - 295,043.22 9.40% 2010/3 0 294,997.22 -
Page 20 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
3/3/2010 7 Insurance Premium 0.00% 228.20 - 295,271.42 9.40% 2010/3 2 295,043.22 151.97
3/7/2010 2 Loan Repayment 0.00% -3,745.26 - 291,526.16 9.40% 2010/3 4 295,271.42 304.17
3/26/2010 5 Interest Rate Change 8.90% - - 291,526.16 8.90% 2010/3 19 291,526.16 1,426.48
3/31/2010 4 Interest Capitalized 0.00% - 2,309.13 293,835.29 8.90% 2010/3 6 291,526.16 426.51
4/1/2010 6 Admin Fee 0.00% 46.00 - 293,881.29 8.90% 2010/4 0 293,835.29 -
4/3/2010 7 Insurance Premium 0.00% 228.20 - 294,109.49 8.90% 2010/4 2 293,881.29 143.32
4/7/2010 2 Loan Repayment 0.00% -3,349.31 - 290,760.18 8.90% 2010/4 4 294,109.49 286.86
4/30/2010 4 Interest Capitalized 0.00% - 2,131.72 292,891.90 8.90% 2010/4 24 290,760.18 1,701.54
5/1/2010 6 Admin Fee 0.00% 46.00 - 292,937.90 8.90% 2010/5 0 292,891.90 -
5/3/2010 7 Insurance Premium 0.00% 228.20 - 293,166.10 8.90% 2010/5 2 292,937.90 142.86
5/7/2010 2 Loan Repayment 0.00% -3,349.31 - 289,816.79 8.90% 2010/5 4 293,166.10 285.94
5/31/2010 4 Interest Capitalized 0.00% - 2,195.49 292,012.27 8.90% 2010/5 25 289,816.79 1,766.69
6/1/2010 6 Admin Fee 0.00% 46.00 - 292,058.27 8.90% 2010/6 0 292,012.27 -
6/3/2010 7 Insurance Premium 0.00% 228.20 - 292,286.47 8.90% 2010/6 2 292,058.27 142.43
6/7/2010 2 Loan Repayment 0.00% -3,349.31 - 288,937.16 8.90% 2010/6 4 292,286.47 285.08
6/30/2010 4 Interest Capitalized 0.00% - 2,118.38 291,055.55 8.90% 2010/6 24 288,937.16 1,690.88
7/1/2010 6 Admin Fee 0.00% 46.00 - 291,101.55 8.90% 2010/7 0 291,055.55 -
7/3/2010 7 Insurance Premium 0.00% 228.20 - 291,329.75 8.90% 2010/7 2 291,101.55 141.96
7/7/2010 2 Loan Repayment 0.00% -3,349.31 - 287,980.44 8.90% 2010/7 4 291,329.75 284.15
7/31/2010 4 Interest Capitalized 0.00% - 2,181.61 290,162.04 8.90% 2010/7 25 287,980.44 1,755.50
8/1/2010 6 Admin Fee 0.00% 46.00 - 290,208.04 8.90% 2010/8 0 290,162.04 -
8/3/2010 7 Insurance Premium 0.00% 228.20 - 290,436.24 8.90% 2010/8 2 290,208.04 141.53
8/7/2010 2 Loan Repayment 0.00% -3,349.31 - 287,086.93 8.90% 2010/8 4 290,436.24 283.27
8/31/2010 4 Interest Capitalized 0.00% - 2,174.85 289,261.78 8.90% 2010/8 25 287,086.93 1,750.05
9/1/2010 6 Admin Fee 0.00% 46.00 - 289,307.78 8.90% 2010/9 0 289,261.78 -
9/3/2010 7 Insurance Premium 0.00% 228.20 - 289,535.98 8.90% 2010/9 2 289,307.78 141.09
9/7/2010 2 Loan Repayment 0.00% -3,349.31 - 286,186.67 8.90% 2010/9 4 289,535.98 282.40
9/12/2010 5 Interest Rate Change 8.40% - - 286,186.67 8.40% 2010/9 5 286,186.67 348.91
9/30/2010 4 Interest Capitalized 0.00% - 2,023.78 288,210.45 8.40% 2010/9 19 286,186.67 1,251.38
10/1/2010 6 Admin Fee 0.00% 46.00 - 288,256.45 8.40% 2010/10 0 288,210.45 -
10/3/2010 7 Insurance Premium 0.00% 228.20 - 288,484.65 8.40% 2010/10 2 288,256.45 132.68
10/7/2010 2 Loan Repayment 0.00% -3,115.83 - 285,368.82 8.40% 2010/10 4 288,484.65 265.56
10/31/2010 4 Interest Capitalized 0.00% - 2,040.09 287,408.91 8.40% 2010/10 25 285,368.82 1,641.85
11/1/2010 6 Admin Fee 0.00% 46.00 - 287,454.91 8.40% 2010/11 0 287,408.91 -
11/3/2010 7 Insurance Premium 0.00% 228.20 - 287,683.11 8.40% 2010/11 2 287,454.91 132.31
11/7/2010 2 Loan Repayment 0.00% -3,115.83 - 284,567.28 8.40% 2010/11 4 287,683.11 264.83
11/10/2010 5 Interest Rate Change 7.90% - - 284,567.28 7.90% 2010/11 3 284,567.28 196.47
Page 21 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
11/30/2010 4 Interest Capitalized 0.00% - 1,887.02 286,454.30 7.90% 2010/11 21 284,567.28 1,293.42
12/1/2010 6 Admin Fee 0.00% 46.00 - 286,500.30 7.90% 2010/12 0 286,454.30 -
12/3/2010 7 Insurance Premium 0.00% 228.20 - 286,728.50 7.90% 2010/12 2 286,500.30 124.02
12/7/2010 2 Loan Repayment 0.00% -3,034.73 - 283,693.77 7.90% 2010/12 4 286,728.50 248.24
12/31/2010 4 Interest Capitalized 0.00% - 1,907.31 285,601.08 7.90% 2010/12 25 283,693.77 1,535.06
1/2/2011 6 Admin Fee 0.00% 50.00 - 285,651.08 7.90% 2011/1 1 285,601.08 61.82
1/3/2011 7 Insurance Premium 0.00% 228.20 - 285,879.28 7.90% 2011/1 1 285,651.08 61.83
1/7/2011 2 Loan Repayment 0.00% -3,034.73 - 282,844.55 7.90% 2011/1 4 285,879.28 247.50
1/31/2011 4 Interest Capitalized 0.00% - 1,901.60 284,746.15 7.90% 2011/1 25 282,844.55 1,530.46
2/2/2011 6 Admin Fee 0.00% 50.00 - 284,796.15 7.90% 2011/2 1 284,746.15 61.63
2/3/2011 7 Insurance Premium 0.00% 240.10 - 285,036.25 7.90% 2011/2 1 284,796.15 61.64
2/7/2011 2 Loan Repayment 0.00% -3,034.73 - 282,001.52 7.90% 2011/2 4 285,036.25 246.77
2/28/2011 4 Interest Capitalized 0.00% - 1,712.83 283,714.35 7.90% 2011/2 22 282,001.52 1,342.79
3/2/2011 6 Admin Fee 0.00% 50.00 - 283,764.35 7.90% 2011/3 1 283,714.35 61.41
3/3/2011 7 Insurance Premium 0.00% 240.10 - 284,004.45 7.90% 2011/3 1 283,764.35 61.42
3/7/2011 2 Loan Repayment 0.00% -3,034.73 - 280,969.72 7.90% 2011/3 4 284,004.45 245.88
3/31/2011 4 Interest Capitalized 0.00% - 1,889.02 282,858.74 7.90% 2011/3 25 280,969.72 1,520.32
4/2/2011 6 Admin Fee 0.00% 50.00 - 282,908.74 7.90% 2011/4 1 282,858.74 61.22
4/3/2011 7 Insurance Premium 0.00% 240.10 - 283,148.84 7.90% 2011/4 1 282,908.74 61.23
4/7/2011 2 Loan Repayment 0.00% -3,034.73 - 280,114.11 7.90% 2011/4 4 283,148.84 245.14
4/30/2011 4 Interest Capitalized 0.00% - 1,822.65 281,936.76 7.90% 2011/4 24 280,114.11 1,455.06
5/2/2011 6 Admin Fee 0.00% 50.00 - 281,986.76 7.90% 2011/5 1 281,936.76 61.02
5/3/2011 7 Insurance Premium 0.00% 240.10 - 282,226.86 7.90% 2011/5 1 281,986.76 61.03
5/7/2011 2 Loan Repayment 0.00% -3,034.73 - 279,192.13 7.90% 2011/5 4 282,226.86 244.34
5/31/2011 4 Interest Capitalized 0.00% - 1,877.09 281,069.22 7.90% 2011/5 25 279,192.13 1,510.70
6/2/2011 6 Admin Fee 0.00% 50.00 - 281,119.22 7.90% 2011/6 1 281,069.22 60.83
6/3/2011 7 Insurance Premium 0.00% 240.10 - 281,359.32 7.90% 2011/6 1 281,119.22 60.84
6/7/2011 2 Loan Repayment 0.00% -3,034.73 - 278,324.59 7.90% 2011/6 4 281,359.32 243.59
6/30/2011 4 Interest Capitalized 0.00% - 1,811.03 280,135.62 7.90% 2011/6 24 278,324.59 1,445.76
7/2/2011 6 Admin Fee 0.00% 50.00 - 280,185.62 7.90% 2011/7 1 280,135.62 60.63
7/3/2011 7 Insurance Premium 0.00% 240.10 - 280,425.72 7.90% 2011/7 1 280,185.62 60.64
7/7/2011 2 Loan Repayment 0.00% -3,034.73 - 277,390.99 7.90% 2011/7 4 280,425.72 242.78
7/31/2011 4 Interest Capitalized 0.00% - 1,865.01 279,256.00 7.90% 2011/7 25 277,390.99 1,500.95
8/2/2011 6 Admin Fee 0.00% 50.00 - 279,306.00 7.90% 2011/8 1 279,256.00 60.44
8/3/2011 7 Insurance Premium 0.00% 240.10 - 279,546.10 7.90% 2011/8 1 279,306.00 60.45
8/7/2011 2 Loan Repayment 0.00% -3,034.73 - 276,511.37 7.90% 2011/8 4 279,546.10 242.02
8/31/2011 4 Interest Capitalized 0.00% - 1,859.10 278,370.47 7.90% 2011/8 25 276,511.37 1,496.19
Page 22 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
9/2/2011 6 Admin Fee 0.00% 50.00 - 278,420.47 7.90% 2011/9 1 278,370.47 60.25
9/3/2011 7 Insurance Premium 0.00% 240.10 - 278,660.57 7.90% 2011/9 1 278,420.47 60.26
9/7/2011 2 Loan Repayment 0.00% -3,034.73 - 275,625.84 7.90% 2011/9 4 278,660.57 241.25
9/30/2011 4 Interest Capitalized 0.00% - 1,793.51 277,419.35 7.90% 2011/9 24 275,625.84 1,431.74
10/2/2011 6 Admin Fee 0.00% 50.00 - 277,469.35 7.90% 2011/10 1 277,419.35 60.04
10/3/2011 7 Insurance Premium 0.00% 240.10 - 277,709.45 7.90% 2011/10 1 277,469.35 60.06
10/7/2011 2 Loan Repayment 0.00% -3,034.73 - 274,674.72 7.90% 2011/10 4 277,709.45 240.43
10/31/2011 4 Interest Capitalized 0.00% - 1,846.78 276,521.50 7.90% 2011/10 25 274,674.72 1,486.25
11/2/2011 6 Admin Fee 0.00% 50.00 - 276,571.50 7.90% 2011/11 1 276,521.50 59.85
11/3/2011 7 Insurance Premium 0.00% 240.10 - 276,811.60 7.90% 2011/11 1 276,571.50 59.86
11/7/2011 2 Loan Repayment 0.00% -3,034.73 - 273,776.87 7.90% 2011/11 4 276,811.60 239.65
11/30/2011 4 Interest Capitalized 0.00% - 1,781.50 275,558.37 7.90% 2011/11 24 273,776.87 1,422.14
12/2/2011 6 Admin Fee 0.00% 50.00 - 275,608.37 7.90% 2011/12 1 275,558.37 59.64
12/3/2011 7 Insurance Premium 0.00% 240.10 - 275,848.47 7.90% 2011/12 1 275,608.37 59.65
12/7/2011 2 Loan Repayment 0.00% -3,034.73 - 272,813.74 7.90% 2011/12 4 275,848.47 238.82
12/31/2011 4 Interest Capitalized 0.00% - 1,834.29 274,648.03 7.90% 2011/12 25 272,813.74 1,476.18
1/2/2012 6 Admin Fee 0.00% 55.00 - 274,703.03 7.90% 2012/1 1 274,648.03 59.44
1/3/2012 7 Insurance Premium 0.00% 240.10 - 274,943.13 7.90% 2012/1 1 274,703.03 59.46
1/7/2012 2 Loan Repayment 0.00% -3,039.73 - 271,903.40 7.90% 2012/1 4 274,943.13 238.03
1/31/2012 4 Interest Capitalized 0.00% - 1,828.19 273,731.60 7.90% 2012/1 25 271,903.40 1,471.26
2/2/2012 6 Admin Fee 0.00% 55.00 - 273,786.60 7.90% 2012/2 1 273,731.60 59.25
2/3/2012 7 Insurance Premium 0.00% 254.50 - 274,041.10 7.90% 2012/2 1 273,786.60 59.26
2/7/2012 2 Loan Repayment 0.00% -3,054.13 - 270,986.97 7.90% 2012/2 4 274,041.10 237.25
2/29/2012 4 Interest Capitalized 0.00% - 1,704.75 272,691.72 7.90% 2012/2 23 270,986.97 1,349.00
3/2/2012 6 Admin Fee 0.00% 55.00 - 272,746.72 7.90% 2012/3 1 272,691.72 59.02
3/3/2012 7 Insurance Premium 0.00% 254.50 - 273,001.22 7.90% 2012/3 1 272,746.72 59.03
3/7/2012 2 Loan Repayment 0.00% -3,054.13 - 269,947.09 7.90% 2012/3 4 273,001.22 236.35
3/31/2012 4 Interest Capitalized 0.00% - 1,815.08 271,762.16 7.90% 2012/3 25 269,947.09 1,460.67
4/2/2012 6 Admin Fee 0.00% 55.00 - 271,817.16 7.90% 2012/4 1 271,762.16 58.82
4/3/2012 7 Insurance Premium 0.00% 254.50 - 272,071.66 7.90% 2012/4 1 271,817.16 58.83
4/7/2012 2 Loan Repayment 0.00% -3,054.13 - 269,017.53 7.90% 2012/4 4 272,071.66 235.55
4/30/2012 4 Interest Capitalized 0.00% - 1,750.62 270,768.15 7.90% 2012/4 24 269,017.53 1,397.42
5/2/2012 6 Admin Fee 0.00% 55.00 - 270,823.15 7.90% 2012/5 1 270,768.15 58.60
5/3/2012 7 Insurance Premium 0.00% 254.50 - 271,077.65 7.90% 2012/5 1 270,823.15 58.62
5/7/2012 2 Loan Repayment 0.00% -3,054.13 - 268,023.52 7.90% 2012/5 4 271,077.65 234.69
5/31/2012 4 Interest Capitalized 0.00% - 1,802.17 269,825.69 7.90% 2012/5 25 268,023.52 1,450.26
6/2/2012 6 Admin Fee 0.00% 55.00 - 269,880.69 7.90% 2012/6 1 269,825.69 58.40
Page 23 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
6/3/2012 7 Insurance Premium 0.00% 254.50 - 270,135.19 7.90% 2012/6 1 269,880.69 58.41
6/7/2012 2 Loan Repayment 0.00% -3,054.13 - 267,081.06 7.90% 2012/6 4 270,135.19 233.87
6/30/2012 4 Interest Capitalized 0.00% - 1,738.04 268,819.10 7.90% 2012/6 24 267,081.06 1,387.36
7/2/2012 6 Admin Fee 0.00% 55.00 - 268,874.10 7.90% 2012/7 1 268,819.10 58.18
7/3/2012 7 Insurance Premium 0.00% 254.50 - 269,128.60 7.90% 2012/7 1 268,874.10 58.19
7/7/2012 2 Loan Repayment 0.00% -3,028.82 - 266,099.78 7.90% 2012/7 4 269,128.60 233.00
7/20/2012 5 Interest Rate Change 7.40% - - 266,099.78 7.40% 2012/7 13 266,099.78 748.72
7/31/2012 4 Interest Capitalized 0.00% - 1,745.49 267,845.27 7.40% 2012/7 12 266,099.78 647.39
8/2/2012 6 Admin Fee 0.00% 55.00 - 267,900.27 7.40% 2012/8 1 267,845.27 54.30
8/3/2012 7 Insurance Premium 0.00% 254.50 - 268,154.77 7.40% 2012/8 1 267,900.27 54.31
8/7/2012 2 Loan Repayment 0.00% -3,028.82 - 265,125.95 7.40% 2012/8 4 268,154.77 217.46
8/31/2012 4 Interest Capitalized 0.00% - 1,669.87 266,795.82 7.40% 2012/8 25 265,125.95 1,343.79
9/2/2012 6 Admin Fee 0.00% 55.00 - 266,850.82 7.40% 2012/9 1 266,795.82 54.09
9/3/2012 7 Insurance Premium 0.00% 254.50 - 267,105.32 7.40% 2012/9 1 266,850.82 54.10
9/7/2012 2 Loan Repayment 0.00% -3,028.82 - 264,076.50 7.40% 2012/9 4 267,105.32 216.61
9/30/2012 4 Interest Capitalized 0.00% - 1,609.73 265,686.24 7.40% 2012/9 24 264,076.50 1,284.93
10/2/2012 6 Admin Fee 0.00% 55.00 - 265,741.24 7.40% 2012/10 1 265,686.24 53.87
10/3/2012 7 Insurance Premium 0.00% 254.50 - 265,995.74 7.40% 2012/10 1 265,741.24 53.88
10/7/2012 2 Loan Repayment 0.00% -3,028.82 - 262,966.92 7.40% 2012/10 4 265,995.74 215.71
10/31/2012 4 Interest Capitalized 0.00% - 1,656.30 264,623.21 7.40% 2012/10 25 262,966.92 1,332.85
11/2/2012 6 Admin Fee 0.00% 55.00 - 264,678.21 7.40% 2012/11 1 264,623.21 53.65
11/3/2012 7 Insurance Premium 0.00% 254.50 - 264,932.71 7.40% 2012/11 1 264,678.21 53.66
11/7/2012 2 Loan Repayment 0.00% -3,028.82 - 261,903.89 7.40% 2012/11 4 264,932.71 214.85
11/30/2012 4 Interest Capitalized 0.00% - 1,596.52 263,500.41 7.40% 2012/11 24 261,903.89 1,274.36
12/2/2012 6 Admin Fee 0.00% 55.00 - 263,555.41 7.40% 2012/12 1 263,500.41 53.42
12/3/2012 7 Insurance Premium 0.00% 254.50 - 263,809.91 7.40% 2012/12 1 263,555.41 53.43
12/7/2012 2 Loan Repayment 0.00% -3,028.82 - 260,781.09 7.40% 2012/12 4 263,809.91 213.94
12/31/2012 4 Interest Capitalized 0.00% - 1,642.56 262,423.66 7.40% 2012/12 25 260,781.09 1,321.77
1/2/2013 6 Admin Fee 0.00% 60.00 - 262,483.66 7.40% 2013/1 1 262,423.66 53.20
1/3/2013 7 Insurance Premium 0.00% 254.50 - 262,738.16 7.40% 2013/1 1 262,483.66 53.22
1/7/2013 2 Loan Repayment 0.00% -3,033.82 - 259,704.34 7.40% 2013/1 4 262,738.16 213.07
1/31/2013 4 Interest Capitalized 0.00% - 1,635.80 261,340.13 7.40% 2013/1 25 259,704.34 1,316.31
2/2/2013 6 Admin Fee 0.00% 60.00 - 261,400.13 7.40% 2013/2 1 261,340.13 52.98
2/3/2013 7 Insurance Premium 0.00% 270.00 - 261,670.13 7.40% 2013/2 1 261,400.13 53.00
2/7/2013 2 Loan Repayment 0.00% -3,049.32 - 258,620.81 7.40% 2013/2 4 261,670.13 212.20
2/28/2013 4 Interest Capitalized 0.00% - 1,471.70 260,092.52 7.40% 2013/2 22 258,620.81 1,153.52
3/2/2013 6 Admin Fee 0.00% 60.00 - 260,152.52 7.40% 2013/3 1 260,092.52 52.73
Page 24 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
3/3/2013 7 Insurance Premium 0.00% 270.00 - 260,422.52 7.40% 2013/3 1 260,152.52 52.74
3/7/2013 2 Loan Repayment 0.00% -3,049.32 - 257,373.20 7.40% 2013/3 4 260,422.52 211.19
3/31/2013 4 Interest Capitalized 0.00% - 1,621.16 258,994.36 7.40% 2013/3 25 257,373.20 1,304.49
4/2/2013 6 Admin Fee 0.00% 60.00 - 259,054.36 7.40% 2013/4 1 258,994.36 52.51
4/3/2013 7 Insurance Premium 0.00% 270.00 - 259,324.36 7.40% 2013/4 1 259,054.36 52.52
4/7/2013 2 Loan Repayment 0.00% -3,049.32 - 256,275.04 7.40% 2013/4 4 259,324.36 210.30
4/30/2013 4 Interest Capitalized 0.00% - 1,562.30 257,837.34 7.40% 2013/4 24 256,275.04 1,246.97
5/2/2013 6 Admin Fee 0.00% 60.00 - 257,897.34 7.40% 2013/5 1 257,837.34 52.27
5/3/2013 7 Insurance Premium 0.00% 270.00 - 258,167.34 7.40% 2013/5 1 257,897.34 52.29
5/7/2013 2 Loan Repayment 0.00% -3,049.32 - 255,118.02 7.40% 2013/5 4 258,167.34 209.36
5/31/2013 4 Interest Capitalized 0.00% - 1,606.99 256,725.01 7.40% 2013/5 25 255,118.02 1,293.06
6/2/2013 6 Admin Fee 0.00% 60.00 - 256,785.01 7.40% 2013/6 1 256,725.01 52.05
6/3/2013 7 Insurance Premium 0.00% 270.00 - 257,055.01 7.40% 2013/6 1 256,785.01 52.06
6/7/2013 2 Loan Repayment 0.00% -3,049.32 - 254,005.69 7.40% 2013/6 4 257,055.01 208.46
6/20/2013 3 Ad Hoc Repayment 0.00% -12,500.00 - 241,505.69 7.40% 2013/6 13 254,005.69 669.46
6/30/2013 4 Interest Capitalized 0.00% - 1,520.62 243,026.31 7.40% 2013/6 11 241,505.69 538.59
7/2/2013 6 Admin Fee 0.00% 60.00 - 243,086.31 7.40% 2013/7 1 243,026.31 49.27
7/3/2013 7 Insurance Premium 0.00% 270.00 - 243,356.31 7.40% 2013/7 1 243,086.31 49.28
7/7/2013 2 Loan Repayment 0.00% -3,049.32 - 240,306.99 7.40% 2013/7 4 243,356.31 197.35
7/31/2013 4 Interest Capitalized 0.00% - 1,513.90 241,820.89 7.40% 2013/7 25 240,306.99 1,217.99
8/2/2013 6 Admin Fee 0.00% 60.00 - 241,880.89 7.40% 2013/8 1 241,820.89 49.03
8/3/2013 7 Insurance Premium 0.00% 270.00 - 242,150.89 7.40% 2013/8 1 241,880.89 49.04
8/7/2013 2 Loan Repayment 0.00% -3,049.32 - 239,101.57 7.40% 2013/8 4 242,150.89 196.37
8/31/2013 4 Interest Capitalized 0.00% - 1,506.32 240,607.89 7.40% 2013/8 25 239,101.57 1,211.88
9/2/2013 6 Admin Fee 0.00% 60.00 - 240,667.89 7.40% 2013/9 1 240,607.89 48.78
9/3/2013 7 Insurance Premium 0.00% 270.00 - 240,937.89 7.40% 2013/9 1 240,667.89 48.79
9/7/2013 2 Loan Repayment 0.00% -3,049.32 - 237,888.57 7.40% 2013/9 4 240,937.89 195.39
9/30/2013 4 Interest Capitalized 0.00% - 1,450.47 239,339.05 7.40% 2013/9 24 237,888.57 1,157.51
10/2/2013 6 Admin Fee 0.00% 60.00 - 239,399.05 7.40% 2013/10 1 239,339.05 48.52
10/3/2013 7 Insurance Premium 0.00% 270.00 - 239,669.05 7.40% 2013/10 1 239,399.05 48.54
10/7/2013 2 Loan Repayment 0.00% -3,049.32 - 236,619.73 7.40% 2013/10 4 239,669.05 194.36
10/25/2013 3 Ad Hoc Repayment 0.00% -20,000.00 - 216,619.73 7.40% 2013/10 18 236,619.73 863.50
10/31/2013 4 Interest Capitalized 0.00% - 1,462.34 218,082.07 7.40% 2013/10 7 216,619.73 307.42
11/2/2013 6 Admin Fee 0.00% 60.00 - 218,142.07 7.40% 2013/11 1 218,082.07 44.21
11/3/2013 7 Insurance Premium 0.00% 270.00 - 218,412.07 7.40% 2013/11 1 218,142.07 44.23
11/7/2013 2 Loan Repayment 0.00% -3,049.32 - 215,362.75 7.40% 2013/11 4 218,412.07 177.12
11/30/2013 4 Interest Capitalized 0.00% - 1,313.47 216,676.21 7.40% 2013/11 24 215,362.75 1,047.90
Page 25 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
12/2/2013 6 Admin Fee 0.00% 60.00 - 216,736.21 7.40% 2013/12 1 216,676.21 43.93
12/3/2013 7 Insurance Premium 0.00% 270.00 - 217,006.21 7.40% 2013/12 1 216,736.21 43.94
12/7/2013 2 Loan Repayment 0.00% -3,049.32 - 213,956.89 7.40% 2013/12 4 217,006.21 175.98
12/31/2013 4 Interest Capitalized 0.00% - 1,348.29 215,305.19 7.40% 2013/12 25 213,956.89 1,084.44
1/2/2014 6 Admin Fee 0.00% 65.00 - 215,370.19 7.40% 2014/1 1 215,305.19 43.65
1/3/2014 7 Insurance Premium 0.00% 270.00 - 215,640.19 7.40% 2014/1 1 215,370.19 43.66
1/7/2014 2 Loan Repayment 0.00% -3,054.32 - 212,585.87 7.40% 2014/1 4 215,640.19 174.88
1/27/2014 5 Interest Rate Change 7.90% - - 212,585.87 7.90% 2014/1 20 212,585.87 861.99
1/31/2014 4 Interest Capitalized 0.00% - 1,354.24 213,940.11 7.90% 2014/1 5 212,585.87 230.06
2/2/2014 6 Admin Fee 0.00% 65.00 - 214,005.11 7.90% 2014/2 1 213,940.11 46.30
2/3/2014 7 Insurance Premium 0.00% 300.00 - 214,305.11 7.90% 2014/2 1 214,005.11 46.32
2/7/2014 2 Loan Repayment 0.00% -2,761.86 - 211,543.25 7.90% 2014/2 4 214,305.11 185.54
2/28/2014 4 Interest Capitalized 0.00% - 1,285.45 212,828.70 7.90% 2014/2 22 211,543.25 1,007.29
3/2/2014 6 Admin Fee 0.00% 65.00 - 212,893.70 7.90% 2014/3 1 212,828.70 46.06
3/3/2014 7 Insurance Premium 0.00% 300.00 - 213,193.70 7.90% 2014/3 1 212,893.70 46.08
3/7/2014 2 Loan Repayment 0.00% -2,761.86 - 210,431.84 7.90% 2014/3 4 213,193.70 184.57
3/31/2014 4 Interest Capitalized 0.00% - 1,415.35 211,847.19 7.90% 2014/3 25 210,431.84 1,138.64
4/2/2014 6 Admin Fee 0.00% 65.00 - 211,912.19 7.90% 2014/4 1 211,847.19 45.85
4/3/2014 7 Insurance Premium 0.00% 300.00 - 212,212.19 7.90% 2014/4 1 211,912.19 45.87
4/7/2014 2 Loan Repayment 0.00% -2,761.86 - 209,450.33 7.90% 2014/4 4 212,212.19 183.72
4/21/2014 3 Ad Hoc Repayment 0.00% -15,800.00 - 193,650.33 7.90% 2014/4 14 209,450.33 634.66
4/30/2014 4 Interest Capitalized 0.00% - 1,329.24 194,979.57 7.90% 2014/4 10 193,650.33 419.13
5/2/2014 6 Admin Fee 0.00% 65.00 - 195,044.57 7.90% 2014/5 1 194,979.57 42.20
5/3/2014 7 Insurance Premium 0.00% 300.00 - 195,344.57 7.90% 2014/5 1 195,044.57 42.22
5/7/2014 2 Loan Repayment 0.00% -2,761.86 - 192,582.71 7.90% 2014/5 4 195,344.57 169.12
5/31/2014 4 Interest Capitalized 0.00% - 1,295.59 193,878.31 7.90% 2014/5 25 192,582.71 1,042.06
6/2/2014 6 Admin Fee 0.00% 65.00 - 193,943.31 7.90% 2014/6 1 193,878.31 41.96
6/3/2014 7 Insurance Premium 0.00% 300.00 - 194,243.31 7.90% 2014/6 1 193,943.31 41.98
6/7/2014 2 Loan Repayment 0.00% -2,761.86 - 191,481.45 7.90% 2014/6 4 194,243.31 168.17
6/20/2014 3 Ad Hoc Repayment 0.00% -7,300.00 - 184,181.45 7.90% 2014/6 13 191,481.45 538.77
6/30/2014 4 Interest Capitalized 0.00% - 1,229.38 185,410.83 7.90% 2014/6 11 184,181.45 438.50
7/2/2014 6 Admin Fee 0.00% 65.00 - 185,475.83 7.90% 2014/7 1 185,410.83 40.13
7/3/2014 7 Insurance Premium 0.00% 300.00 - 185,775.83 7.90% 2014/7 1 185,475.83 40.14
7/7/2014 2 Loan Repayment 0.00% -2,761.86 - 183,013.97 7.90% 2014/7 4 185,775.83 160.84
7/18/2014 5 Interest Rate Change 8.15% - - 183,013.97 8.15% 2014/7 11 183,013.97 435.72
7/31/2014 4 Interest Capitalized 0.00% - 1,248.94 184,262.91 8.15% 2014/7 14 183,013.97 572.11
8/2/2014 6 Admin Fee 0.00% 65.00 - 184,327.91 8.15% 2014/8 1 184,262.91 41.14
Page 26 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
8/3/2014 7 Insurance Premium 0.00% 300.00 - 184,627.91 8.15% 2014/8 1 184,327.91 41.16
8/7/2014 2 Loan Repayment 0.00% -2,513.89 - 182,114.02 8.15% 2014/8 4 184,627.91 164.90
8/31/2014 4 Interest Capitalized 0.00% - 1,263.80 183,377.81 8.15% 2014/8 25 182,114.02 1,016.60
9/2/2014 6 Admin Fee 0.00% 65.00 - 183,442.81 8.15% 2014/9 1 183,377.81 40.95
9/3/2014 7 Insurance Premium 0.00% 300.00 - 183,742.81 8.15% 2014/9 1 183,442.81 40.96
9/7/2014 2 Loan Repayment 0.00% -2,513.89 - 181,228.92 8.15% 2014/9 4 183,742.81 164.11
9/30/2014 4 Interest Capitalized 0.00% - 1,217.20 182,446.13 8.15% 2014/9 24 181,228.92 971.19
10/2/2014 6 Admin Fee 0.00% 65.00 - 182,511.13 8.15% 2014/10 1 182,446.13 40.74
10/3/2014 7 Insurance Premium 0.00% 300.00 - 182,811.13 8.15% 2014/10 1 182,511.13 40.75
10/7/2014 2 Loan Repayment 0.00% -2,513.89 - 180,297.24 8.15% 2014/10 4 182,811.13 163.28
10/31/2014 4 Interest Capitalized 0.00% - 1,251.22 181,548.46 8.15% 2014/10 25 180,297.24 1,006.45
11/2/2014 6 Admin Fee 0.00% 65.00 - 181,613.46 8.15% 2014/11 1 181,548.46 40.54
11/3/2014 7 Insurance Premium 0.00% 300.00 - 181,913.46 8.15% 2014/11 1 181,613.46 40.55
11/7/2014 2 Loan Repayment 0.00% -2,513.89 - 179,399.57 8.15% 2014/11 4 181,913.46 162.48
11/30/2014 4 Interest Capitalized 0.00% - 1,204.95 180,604.52 8.15% 2014/11 24 179,399.57 961.39
12/2/2014 6 Admin Fee 0.00% 65.00 - 180,669.52 8.15% 2014/12 1 180,604.52 40.33
12/3/2014 7 Insurance Premium 0.00% 300.00 - 180,969.52 8.15% 2014/12 1 180,669.52 40.34
12/7/2014 2 Loan Repayment 0.00% -2,513.89 - 178,455.63 8.15% 2014/12 4 180,969.52 161.63
12/31/2014 4 Interest Capitalized 0.00% - 1,238.47 179,694.11 8.15% 2014/12 25 178,455.63 996.17
1/2/2015 6 Admin Fee 0.00% 70.00 - 179,764.11 8.15% 2015/1 1 179,694.11 40.12
1/3/2015 7 Insurance Premium 0.00% 300.00 - 180,064.11 8.15% 2015/1 1 179,764.11 40.14
1/7/2015 2 Loan Repayment 0.00% -2,518.89 - 177,545.22 8.15% 2015/1 4 180,064.11 160.82
1/31/2015 4 Interest Capitalized 0.00% - 1,232.18 178,777.40 8.15% 2015/1 25 177,545.22 991.09
2/2/2015 6 Admin Fee 0.00% 70.00 - 178,847.40 8.15% 2015/2 1 178,777.40 39.92
2/3/2015 7 Insurance Premium 0.00% 325.00 - 179,172.40 8.15% 2015/2 1 178,847.40 39.93
2/7/2015 2 Loan Repayment 0.00% -2,543.89 - 176,628.51 8.15% 2015/2 4 179,172.40 160.03
2/28/2015 4 Interest Capitalized 0.00% - 1,107.54 177,736.04 8.15% 2015/2 22 176,628.51 867.66
3/2/2015 6 Admin Fee 0.00% 70.00 - 177,806.04 8.15% 2015/3 1 177,736.04 39.69
3/3/2015 7 Insurance Premium 0.00% 325.00 - 178,131.04 8.15% 2015/3 1 177,806.04 39.70
3/7/2015 2 Loan Repayment 0.00% -2,543.89 - 175,587.15 8.15% 2015/3 4 178,131.04 159.10
3/31/2015 4 Interest Capitalized 0.00% - 1,218.65 176,805.80 8.15% 2015/3 25 175,587.15 980.16
4/2/2015 6 Admin Fee 0.00% 70.00 - 176,875.80 8.15% 2015/4 1 176,805.80 39.48
4/3/2015 7 Insurance Premium 0.00% 325.00 - 177,200.80 8.15% 2015/4 1 176,875.80 39.49
4/7/2015 2 Loan Repayment 0.00% -2,543.89 - 174,656.91 8.15% 2015/4 4 177,200.80 158.27
4/30/2015 4 Interest Capitalized 0.00% - 1,173.21 175,830.12 8.15% 2015/4 24 174,656.91 935.97
5/2/2015 6 Admin Fee 0.00% 70.00 - 175,900.12 8.15% 2015/5 1 175,830.12 39.26
5/3/2015 7 Insurance Premium 0.00% 325.00 - 176,225.12 8.15% 2015/5 1 175,900.12 39.28
Page 27 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
5/7/2015 2 Loan Repayment 0.00% -2,543.89 - 173,681.23 8.15% 2015/5 4 176,225.12 157.40
5/31/2015 4 Interest Capitalized 0.00% - 1,205.45 174,886.69 8.15% 2015/5 25 173,681.23 969.52
6/2/2015 6 Admin Fee 0.00% 70.00 - 174,956.69 8.15% 2015/6 1 174,886.69 39.05
6/3/2015 7 Insurance Premium 0.00% 325.00 - 175,281.69 8.15% 2015/6 1 174,956.69 39.07
6/7/2015 2 Loan Repayment 0.00% -2,543.89 - 172,737.80 8.15% 2015/6 4 175,281.69 156.55
6/30/2015 4 Interest Capitalized 0.00% - 1,160.35 173,898.15 8.15% 2015/6 24 172,737.80 925.69
7/2/2015 6 Admin Fee 0.00% 70.00 - 173,968.15 8.15% 2015/7 1 173,898.15 38.83
7/3/2015 7 Insurance Premium 0.00% 325.00 - 174,293.15 8.15% 2015/7 1 173,968.15 38.84
7/7/2015 2 Loan Repayment 0.00% -2,543.89 - 171,749.26 8.15% 2015/7 4 174,293.15 155.67
7/24/2015 5 Interest Rate Change 8.40% - - 171,749.26 8.40% 2015/7 17 171,749.26 651.94
7/31/2015 4 Interest Capitalized 0.00% - 1,201.49 172,950.75 8.40% 2015/7 8 171,749.26 316.21
8/2/2015 6 Admin Fee 0.00% 70.00 - 173,020.75 8.40% 2015/8 1 172,950.75 39.80
8/3/2015 7 Insurance Premium 0.00% 325.00 - 173,345.75 8.40% 2015/8 1 173,020.75 39.82
8/7/2015 2 Loan Repayment 0.00% -2,550.07 - 170,795.68 8.40% 2015/8 4 173,345.75 159.57
8/31/2015 4 Interest Capitalized 0.00% - 1,221.85 172,017.54 8.40% 2015/8 25 170,795.68 982.66
9/2/2015 6 Admin Fee 0.00% 70.00 - 172,087.54 8.40% 2015/9 1 172,017.54 39.59
9/3/2015 7 Insurance Premium 0.00% 325.00 - 172,412.54 8.40% 2015/9 1 172,087.54 39.60
9/7/2015 2 Loan Repayment 0.00% -2,550.07 - 169,862.47 8.40% 2015/9 4 172,412.54 158.71
9/30/2015 4 Interest Capitalized 0.00% - 1,176.10 171,038.57 8.40% 2015/9 24 169,862.47 938.20
10/2/2015 6 Admin Fee 0.00% 70.00 - 171,108.57 8.40% 2015/10 1 171,038.57 39.36
10/3/2015 7 Insurance Premium 0.00% 325.00 - 171,433.57 8.40% 2015/10 1 171,108.57 39.38
10/7/2015 2 Loan Repayment 0.00% -2,550.07 - 168,883.50 8.40% 2015/10 4 171,433.57 157.81
10/31/2015 4 Interest Capitalized 0.00% - 1,208.21 170,091.71 8.40% 2015/10 25 168,883.50 971.66
11/2/2015 6 Admin Fee 0.00% 70.00 - 170,161.71 8.40% 2015/11 1 170,091.71 39.14
11/3/2015 7 Insurance Premium 0.00% 325.00 - 170,486.71 8.40% 2015/11 1 170,161.71 39.16
11/7/2015 2 Loan Repayment 0.00% -2,550.07 - 167,936.64 8.40% 2015/11 4 170,486.71 156.94
11/20/2015 5 Interest Rate Change 8.65% - - 167,936.64 8.65% 2015/11 13 167,936.64 502.43
11/30/2015 4 Interest Capitalized 0.00% - 1,175.46 169,112.10 8.65% 2015/11 11 167,936.64 437.79
12/2/2015 6 Admin Fee 0.00% 70.00 - 169,182.10 8.65% 2015/12 1 169,112.10 40.08
12/3/2015 7 Insurance Premium 0.00% 325.00 - 169,507.10 8.65% 2015/12 1 169,182.10 40.09
12/7/2015 2 Loan Repayment 0.00% -2,572.78 - 166,934.32 8.65% 2015/12 4 169,507.10 160.68
12/31/2015 4 Interest Capitalized 0.00% - 1,229.88 168,164.21 8.65% 2015/12 25 166,934.32 989.03
1/2/2016 6 Admin Fee 0.00% 75.00 - 168,239.21 8.65% 2016/1 1 168,164.21 39.85
1/3/2016 7 Insurance Premium 0.00% 325.00 - 168,564.21 8.65% 2016/1 1 168,239.21 39.87
1/7/2016 2 Loan Repayment 0.00% -2,577.78 - 165,986.43 8.65% 2016/1 4 168,564.21 159.79
1/29/2016 5 Interest Rate Change 8.90% - - 165,986.43 8.90% 2016/1 22 165,986.43 865.40
1/31/2016 4 Interest Capitalized 0.00% - 1,226.34 167,212.76 8.90% 2016/1 3 165,986.43 121.42
Page 28 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
2/2/2016 6 Admin Fee 0.00% 75.00 - 167,287.76 8.90% 2016/2 1 167,212.76 40.77
2/3/2016 7 Insurance Premium 0.00% 347.00 - 167,634.76 8.90% 2016/2 1 167,287.76 40.79
2/7/2016 2 Loan Repayment 0.00% -2,637.91 - 164,996.85 8.90% 2016/2 4 167,634.76 163.50
2/29/2016 4 Interest Capitalized 0.00% - 1,170.40 166,167.26 8.90% 2016/2 23 164,996.85 925.34
3/2/2016 6 Admin Fee 0.00% 75.00 - 166,242.26 8.90% 2016/3 1 166,167.26 40.52
3/3/2016 7 Insurance Premium 0.00% 347.00 - 166,589.26 8.90% 2016/3 1 166,242.26 40.54
3/7/2016 2 Loan Repayment 0.00% -2,637.91 - 163,951.35 8.90% 2016/3 4 166,589.26 162.48
3/18/2016 5 Interest Rate Change 9.15% - - 163,951.35 9.15% 2016/3 11 163,951.35 439.75
3/31/2016 4 Interest Capitalized 0.00% - 1,258.69 165,210.03 9.15% 2016/3 14 163,951.35 575.40
4/2/2016 6 Admin Fee 0.00% 75.00 - 165,285.03 9.15% 2016/4 1 165,210.03 41.42
4/3/2016 7 Insurance Premium 0.00% 347.00 - 165,632.03 9.15% 2016/4 1 165,285.03 41.43
4/7/2016 2 Loan Repayment 0.00% -2,659.26 - 162,972.77 9.15% 2016/4 4 165,632.03 166.09
4/30/2016 4 Interest Capitalized 0.00% - 1,229.45 164,202.22 9.15% 2016/4 24 162,972.77 980.52
5/2/2016 6 Admin Fee 0.00% 75.00 - 164,277.22 9.15% 2016/5 1 164,202.22 41.16
5/3/2016 7 Insurance Premium 0.00% 347.00 - 164,624.22 9.15% 2016/5 1 164,277.22 41.18
5/7/2016 2 Loan Repayment 0.00% -2,659.26 - 161,964.96 9.15% 2016/5 4 164,624.22 165.08
5/31/2016 4 Interest Capitalized 0.00% - 1,262.47 163,227.44 9.15% 2016/5 25 161,964.96 1,015.05
6/2/2016 6 Admin Fee 0.00% 75.00 - 163,302.44 9.15% 2016/6 1 163,227.44 40.92
6/3/2016 7 Insurance Premium 0.00% 347.00 - 163,649.44 9.15% 2016/6 1 163,302.44 40.94
6/7/2016 2 Loan Repayment 0.00% -2,659.26 - 160,990.18 9.15% 2016/6 4 163,649.44 164.10
6/30/2016 4 Interest Capitalized 0.00% - 1,214.54 162,204.72 9.15% 2016/6 24 160,990.18 968.59
7/2/2016 6 Admin Fee 0.00% 75.00 - 162,279.72 9.15% 2016/7 1 162,204.72 40.66
7/3/2016 7 Insurance Premium 0.00% 347.00 - 162,626.72 9.15% 2016/7 1 162,279.72 40.68
7/7/2016 2 Loan Repayment 0.00% -2,659.26 - 159,967.46 9.15% 2016/7 4 162,626.72 163.07
7/31/2016 4 Interest Capitalized 0.00% - 1,246.95 161,214.41 9.15% 2016/7 25 159,967.46 1,002.54
8/2/2016 6 Admin Fee 0.00% 75.00 - 161,289.41 9.15% 2016/8 1 161,214.41 40.41
8/3/2016 7 Insurance Premium 0.00% 347.00 - 161,636.41 9.15% 2016/8 1 161,289.41 40.43
8/7/2016 2 Loan Repayment 0.00% -2,659.26 - 158,977.15 9.15% 2016/8 4 161,636.41 162.08
8/31/2016 4 Interest Capitalized 0.00% - 1,239.26 160,216.41 9.15% 2016/8 25 158,977.15 996.33
9/2/2016 6 Admin Fee 0.00% 75.00 - 160,291.41 9.15% 2016/9 1 160,216.41 40.16
9/3/2016 7 Insurance Premium 0.00% 347.00 - 160,638.41 9.15% 2016/9 1 160,291.41 40.18
9/7/2016 2 Loan Repayment 0.00% -2,659.26 - 157,979.15 9.15% 2016/9 4 160,638.41 161.08
9/30/2016 4 Interest Capitalized 0.00% - 1,191.90 159,171.04 9.15% 2016/9 24 157,979.15 950.47
10/2/2016 6 Admin Fee 0.00% 75.00 - 159,246.04 9.15% 2016/10 1 159,171.04 39.90
10/3/2016 7 Insurance Premium 0.00% 347.00 - 159,593.04 9.15% 2016/10 1 159,246.04 39.92
10/7/2016 2 Loan Repayment 0.00% -2,659.26 - 156,933.78 9.15% 2016/10 4 159,593.04 160.03
10/31/2016 4 Interest Capitalized 0.00% - 1,223.38 158,157.16 9.15% 2016/10 25 156,933.78 983.52
Page 29 of 64
Loan Statement
© www.excel-skills.com
New Interest Transaction Calculated Outstanding Transaction Interest Transaction Accrued
Date Code Transaction Description Rate Amount Interest Balance Interest Rate Month Days Closing Interest
11/2/2016 6 Admin Fee 0.00% 75.00 - 158,232.16 9.15% 2016/11 1 158,157.16 39.65
11/3/2016 7 Insurance Premium 0.00% 347.00 - 158,579.16 9.15% 2016/11 1 158,232.16 39.67
11/7/2016 2 Loan Repayment 0.00% -2,659.26 - 155,919.90 9.15% 2016/11 4 158,579.16 159.01
11/30/2016 4 Interest Capitalized 0.00% - 1,176.41 157,096.31 9.15% 2016/11 24 155,919.90 938.08
12/2/2016 6 Admin Fee 0.00% 75.00 - 157,171.31 9.15% 2016/12 1 157,096.31 39.38
12/3/2016 7 Insurance Premium 0.00% 347.00 - 157,518.31 9.15% 2016/12 1 157,171.31 39.40
12/7/2016 2 Loan Repayment 0.00% -2,659.26 - 154,859.05 9.15% 2016/12 4 157,518.31 157.95
12/31/2016 4 Interest Capitalized 0.00% - 1,207.25 156,066.30 9.15% 2016/12 25 154,859.05 970.52
1/2/2017 6 Admin Fee 0.00% 82.00 - 156,148.30 9.15% 2017/1 1 156,066.30 39.12
1/3/2017 7 Insurance Premium 0.00% 347.00 - 156,495.30 9.15% 2017/1 1 156,148.30 39.14
1/7/2017 2 Loan Repayment 0.00% -2,666.26 - 153,829.04 9.15% 2017/1 4 156,495.30 156.92
1/31/2017 4 Interest Capitalized 0.00% - 1,199.26 155,028.30 9.15% 2017/1 25 153,829.04 964.07
2/2/2017 6 Admin Fee 0.00% 82.00 - 155,110.30 9.15% 2017/2 1 155,028.30 38.86
2/3/2017 7 Insurance Premium 0.00% 370.00 - 155,480.30 9.15% 2017/2 1 155,110.30 38.88
2/7/2017 2 Loan Repayment 0.00% -2,689.26 - 152,791.04 9.15% 2017/2 4 155,480.30 155.91
2/28/2017 4 Interest Capitalized 0.00% - 1,076.31 153,867.35 9.15% 2017/2 22 152,791.04 842.65
3/2/2017 6 Admin Fee 0.00% 82.00 - 153,949.35 9.15% 2017/3 1 153,867.35 38.57
3/3/2017 7 Insurance Premium 0.00% 370.00 - 154,319.35 9.15% 2017/3 1 153,949.35 38.59
3/7/2017 2 Loan Repayment 0.00% -2,689.26 - 151,630.09 9.15% 2017/3 4 154,319.35 154.74
3/31/2017 4 Interest Capitalized 0.00% - 1,182.19 152,812.28 9.15% 2017/3 25 151,630.09 950.28
4/2/2017 6 Admin Fee 0.00% 82.00 - 152,894.28 9.15% 2017/4 1 152,812.28 38.31
4/3/2017 7 Insurance Premium 0.00% 370.00 - 153,264.28 9.15% 2017/4 1 152,894.28 38.33
4/7/2017 2 Loan Repayment 0.00% -2,689.26 - 150,575.02 9.15% 2017/4 4 153,264.28 153.68
4/30/2017 4 Interest Capitalized 0.00% - 1,136.25 151,711.26 9.15% 2017/4 24 150,575.02 905.93
On this sheet:
All loan account transactions should be recorded on this sheet in order to calculate the loan account
statement balances. The calculations on this sheet accommodate an unlimited number of interest rate
changes and ad hoc loan repayments and facilitate daily interest calculations. Loan account balances are
calculated and displayed on all transaction dates. User input is limited to entering the transaction date,
transaction code, new interest rate (only for interest rate changes) and the transaction amount. All the
columns with a light blue column heading contain formulas that should be copied for all new transactions
that are recorded on this sheet.
Page 30 of 64
Loan Summary
© www.excel-skills.com
Opening Loan Ad Hoc Interest Insurance Closing Number of
Month Balance Loan Advance Repayment Repayment Capitalized Admin Fee Premium Other Balance Repayments
Apr-2005 - 400,000.00 - - 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 -5,000.00 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 -10,000.00 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 -15,000.00 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
Page 31 of 64
Loan Summary
© www.excel-skills.com
Opening Loan Ad Hoc Interest Insurance Closing Number of
Month Balance Loan Advance Repayment Repayment Capitalized Admin Fee Premium Other Balance 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 -30,000.00 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 -15,000.00 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
Page 32 of 64
Loan Summary
© www.excel-skills.com
Opening Loan Ad Hoc Interest Insurance Closing Number of
Month Balance Loan Advance Repayment Repayment Capitalized Admin Fee Premium Other Balance 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 -12,500.00 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 -20,000.00 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
Page 33 of 64
Loan Summary
© www.excel-skills.com
Opening Loan Ad Hoc Interest Insurance Closing Number of
Month Balance Loan Advance Repayment Repayment Capitalized Admin Fee Premium Other Balance Repayments
Apr-2014 211,847.19 - -2,761.86 -15,800.00 1,329.24 65.00 300.00 - 194,979.57 108.00
May-2014 194,979.57 - -2,761.86 - 1,295.59 65.00 300.00 - 193,878.31 109.00
Jun-2014 193,878.31 - -2,761.86 -7,300.00 1,229.38 65.00 300.00 - 185,410.83 110.00
Jul-2014 185,410.83 - -2,761.86 - 1,248.94 65.00 300.00 - 184,262.91 111.00
Aug-2014 184,262.91 - -2,513.89 - 1,263.80 65.00 300.00 - 183,377.81 112.00
Sep-2014 183,377.81 - -2,513.89 - 1,217.20 65.00 300.00 - 182,446.13 113.00
Oct-2014 182,446.13 - -2,513.89 - 1,251.22 65.00 300.00 - 181,548.46 114.00
Nov-2014 181,548.46 - -2,513.89 - 1,204.95 65.00 300.00 - 180,604.52 115.00
Dec-2014 180,604.52 - -2,513.89 - 1,238.47 65.00 300.00 - 179,694.11 116.00
Jan-2015 179,694.11 - -2,518.89 - 1,232.18 70.00 300.00 - 178,777.40 117.00
Feb-2015 178,777.40 - -2,543.89 - 1,107.54 70.00 325.00 - 177,736.04 118.00
Mar-2015 177,736.04 - -2,543.89 - 1,218.65 70.00 325.00 - 176,805.80 119.00
Apr-2015 176,805.80 - -2,543.89 - 1,173.21 70.00 325.00 - 175,830.12 120.00
May-2015 175,830.12 - -2,543.89 - 1,205.45 70.00 325.00 - 174,886.69 121.00
Jun-2015 174,886.69 - -2,543.89 - 1,160.35 70.00 325.00 - 173,898.15 122.00
Jul-2015 173,898.15 - -2,543.89 - 1,201.49 70.00 325.00 - 172,950.75 123.00
Aug-2015 172,950.75 - -2,550.07 - 1,221.85 70.00 325.00 - 172,017.54 124.00
Sep-2015 172,017.54 - -2,550.07 - 1,176.10 70.00 325.00 - 171,038.57 125.00
Oct-2015 171,038.57 - -2,550.07 - 1,208.21 70.00 325.00 - 170,091.71 126.00
Nov-2015 170,091.71 - -2,550.07 - 1,175.46 70.00 325.00 - 169,112.10 127.00
Dec-2015 169,112.10 - -2,572.78 - 1,229.88 70.00 325.00 - 168,164.21 128.00
Jan-2016 168,164.21 - -2,577.78 - 1,226.34 75.00 325.00 - 167,212.76 129.00
Feb-2016 167,212.76 - -2,637.91 - 1,170.40 75.00 347.00 - 166,167.26 130.00
Mar-2016 166,167.26 - -2,637.91 - 1,258.69 75.00 347.00 - 165,210.03 131.00
Apr-2016 165,210.03 - -2,659.26 - 1,229.45 75.00 347.00 - 164,202.22 132.00
May-2016 164,202.22 - -2,659.26 - 1,262.47 75.00 347.00 - 163,227.44 133.00
Jun-2016 163,227.44 - -2,659.26 - 1,214.54 75.00 347.00 - 162,204.72 134.00
Jul-2016 162,204.72 - -2,659.26 - 1,246.95 75.00 347.00 - 161,214.41 135.00
Aug-2016 161,214.41 - -2,659.26 - 1,239.26 75.00 347.00 - 160,216.41 136.00
Sep-2016 160,216.41 - -2,659.26 - 1,191.90 75.00 347.00 - 159,171.04 137.00
Oct-2016 159,171.04 - -2,659.26 - 1,223.38 75.00 347.00 - 158,157.16 138.00
Nov-2016 158,157.16 - -2,659.26 - 1,176.41 75.00 347.00 - 157,096.31 139.00
Dec-2016 157,096.31 - -2,659.26 - 1,207.25 75.00 347.00 - 156,066.30 140.00
Jan-2017 156,066.30 - -2,666.26 - 1,199.26 82.00 347.00 - 155,028.30 141.00
Feb-2017 155,028.30 - -2,689.26 - 1,076.31 82.00 370.00 - 153,867.35 142.00
Mar-2017 153,867.35 - -2,689.26 - 1,182.19 82.00 370.00 - 152,812.28 143.00
Page 34 of 64
Loan Summary
© www.excel-skills.com
Opening Loan Ad Hoc Interest Insurance Closing Number of
Month Balance Loan Advance Repayment Repayment Capitalized Admin Fee Premium Other Balance Repayments
Apr-2017 152,812.28 - -2,689.26 - 1,136.25 82.00 370.00 - 151,711.26 144.00
On this sheet:
All the amounts on this loan summary are automatically calculated based on the transactions
that are recorded on the “Statement” sheet. You can add additional monthly periods to the
sheet by simply copying the formulas from one of the existing rows. No user input is required
on this sheet.
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Loan Review
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Initial Loan Amortization Table
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Ad Hoc Loan Repayments
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Repayment Forecast | Amortization Table
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Loan Amortization Calculator
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Loan Amortization Calculator
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Loan Amortization Calculator
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Loan Amortization Calculator
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Loan Amortization Calculator
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Loan Amortization Calculator
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Loan Amortization Calculator
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