Excel

Excel Skills
Skills UK
UK || Mortgage
Mortgage Calculator
Calculator Template
Template

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

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

which
which features
features accounting
accounting in
in Excel,
Excel, cash
cash flow
flow projections,
projections, business
business
isit the
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ere

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Excel Skills UK | Mortgage Calculator Template

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

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

Calculation Results:
The monthly mortgage repayment amount is calculated from the mortgage principle amount (cell B4), mortgage period (cell B6) and
the annual interest rate (cell B5).
The total interest paid over the entire mortgage period is the total amount of interest that will have to be paid over the entire
mortgage period.
The total mortgage repayment over the mortgage period is the sum of all the monthly mortgage repayment amounts. This amount
consists of all interest charges and capital repayments.
The monthly net disposable Income is calculated on the NetDisposable sheet - refer to this sheet for more information on the
calculation.
The maximum mortgage qualification amount is calculated based on the net disposable income, annual interest rate and mortgage
period. It represents an estimate of the maximum mortgage amount that applicants can qualify for based on their combined monthly
net disposable income. There are a number of other factors that financial institutions will consider when determining the maximum
mortgage qualification amount - our calculation should therefore only be seen as an estimate which cannot be guaranteed.
The minimum required net disposable income is the minimum net disposable income that is required in order to qualify for the
mortgage principle amount that is entered in cell B4.
The interest rate safety percentage indicates the percentage by which interest rates have to increase before the monthly net
disposable income would not be sufficient to cover the required monthly mortgage repayments.
The increased instalment calculations in row 21 to 26 are based on the additional monthly mortgage repayment that is entered in
cell B7. The assumption is made that the entire additional mortgage repayments are deducted from the outstanding capital balance,
thereby resulting in a shorter mortgage repayment period. Note that the present value of the interest saving is calculated by
discounting the monthly interest savings by the average annual inflation rate over the entire mortgage period. It therefore represents
the value of future interest savings in today's monetary terms.
The interest rate sensitivity calculation measures the effect that changes in the mortgage interest rate have on monthly mortgage
repayments. The interest rate sensitivity percentage that is entered in cell B8 is used for this purpose.
The capital repayment chart is a visual display of the timing of capital repayments over the entire mortgage period.
The increased instalment interest saving chart is a visual display of the interest savings that result from effecting increased monthly
mortgage repayments.

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

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

MonthAmort Sheet
This sheet includes a monthly amortization table that is based on the mortgage input values that are entered in cell B4 to B6 on the
MortgageCalculator sheet.

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

Page 3 of 13

Mortgage Calculator
www.excel-skills.co.uk
Mortgage Amount
Annual Interest Rate
Mortgage Period in Years
Additional Monthly Mortgage Repayment

300,000.00
25
300.00
5.0%

Average Annual Inflation Rate

3.0%

1,583.51

Total Interest over Mortgage Period

175,053.16

Total Mortgage Repayment over Mortgage Period

475,053.16

Maximum Mortgage Qualification Amount

300,000.00
250,000.00
200,000.00
150,000.00
100,000.00

Calculation Results

Net Disposable Income

Capital Repayment

4.0%

Annual Interest Rate Sensitivity

Monthly Mortgage Repayment

Capital Repayment

350,000.00

Input Variables

50,000.00
Years -

1,800

9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Increased Instalment - Interest Saving

341,014.47

Minimum Required Net Disposable Income

1,584

200,000.00

Interest Rate Safety

1.26%

180,000.00

Increased Instalment

Amortization

160,000.00

Increased Instalment Repayment Amount

Total Adjusted Interest over Mortgage Period
Adjusted Mortgage Repayment Period (in months)

1,883.51
128,452.54
227.48

140,000.00
120,000.00

18.96

100,000.00

Interest Saving

46,600.61

80,000.00

Present Value of Interest Saving

29,809.41

60,000.00

Adjusted Mortgage Repayment Period (in years)

Monthly Mortgage Repayment @ 4.0%

1,583.51

Monthly Mortgage Repayment @ 5.0%

1,753.77

Monthly Difference

170.26

40,000.00
20,000.00
Years

Page 4 of 13

9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Net Disposable Income Calculation

www.excel-skills.co.uk

Remuneration
Gross Salary

Operational Expenses
1

Rent Paid

18

Mortgage Repayments

42

Subsidies Received

Water, Electricity & Gas

19

Personal Loan Instalments

43

Commission Received

Council Tax

20

Financing - Motor Vehicles

44

Total Allowances

Repairs & Maintenance

21

Financing - Computers

45

Other

Levies Paid

22

Financing - Furniture

46

Telephone / Mobile Phone / Internet

23

Credit Card Repayments

47

Insurance - Short Term

24

Bank Charges

48
49

Total Gross Remuneration

1,800

Financing Expenses

1,800

Deductions
Pension

Insurance - Life

25

Other

Medical Aid

Medical Costs

26

Total Financing Expenses

Retirement Annuity

Investments - Retirement Annuities

27

Income Tax (PAYE)

Investments - Other

28

National Insurance (NI)

10

Donations

29

Other Tax Deductions

11

Education

30

Other Deductions

12

Fuel & Vehicle Maintenance

31

Total Deductions

Television Rental

32

Memberships

33

Subscriptions

34

Domestic Wages

35

Net Remuneration

1,800

13

Other Income
Dividend Income

14

Gardening

36

Rental Income

15

Groceries

37

Maintenance

16

Clothing

38

Monthly Pension

17

Entertainment

39

Total Other Income

Maintenance Payments

40

Other

41

Total Operational Expenses

Net Disposable Income Calculation

Net Remuneration

1,800

Add: Other Income

Less: Operational Expenses

Less: Financing Expenses

Net Disposable Income

1,800

Input Field Guidance

1

Enter the combined monthly gross household salaries

Enter total of all subsidies received as part of remuneration, e.g.. housing subsidy

Enter the average monthly commission received

Enter the total monthly allowances received as part of remuneration, e.g.. travel allowance, mobile phone allowance, etc.

Enter the total of any other remuneration received

Enter the total monthly pension fund deductions

Enter the total monthly medical aid deductions

Enter the total monthly retirement annuity contributions

Enter the total monthly income tax deducted

10

Enter the total NI deducted

11

Enter the total of any other income tax deductions

Page 5 of 13

On
On this
this sheet:
sheet:

Simply
Simply enter
enter the
the appropriate
appropriate values
values in
in the
the yellow
yellow
input
input cells
cells in
in order
order to
to calculate
calculate your
your monthly
monthly net
net
disposable
disposable income.
income. All
All input
input values
values need
need to
to be
be
entered
entered as
as positive
positive values
values and
and guidance
guidance on
on the
the user
user
input
input that
that is
is required
required in
in all
all the
the input
input cells
cells can
can be
be
found
found from
from row
row 38
38 downwards.
downwards.

Net Disposable Income Calculation

www.excel-skills.co.uk

12

Enter the total of all other deductions, e.g.. funeral plan

13

This amount represents the monthly combined net remuneration

14

Enter the average monthly dividend income

15

Enter the monthly average rental income received from existing buy to let properties

16

Enter monthly maintenance amount received from a previous spouse

17

Enter the total monthly pension received

18

Enter the total monthly rent paid. If a primary residence is being acquired and a property is currently being rented, the rent amount should be excluded from the calculation

19

Enter the monthly average for water, electricity and gas payments

20

Enter the monthly council tax paid on properties owned

21

Enter the average monthly repairs and maintenance on existing properties

22

Enter the monthly levy payable to a body corporate for properties that form part of a complex

23

Enter the average monthly telephone, mobile phone and internet expense

24

Enter the current monthly insurance premium

25

Enter the current monthly life insurance premium

26

Enter the average monthly medical costs that are not covered by a medical aid

27

Enter the total monthly premiums associated with retirement annuities

28

Enter the average monthly payments relating to other investments

29

Enter the average monthly donations amount

30

Enter the average monthly education cost, e.g.. school fees

31

Enter the average monthly vehicle fuel and maintenance costs

32

Enter the monthly subscription fee applicable to television / cable rentals

33

Enter the monthly average membership cost, e.g.. gym membership

34

Enter the total monthly subscription fees applicable to newspapers, magazines, etc.

35

Enter the total monthly domestic wages, e.g.. housekeeper wages, gardener wages, etc.

36

Enter the average monthly cost associated with gardening services / landscaping

37

Enter the average monthly grocery spend

38

Enter the average monthly clothing spend

39

Enter the average monthly cost associated with entertainment, take-outs and restaurants

40

Enter a monthly total for maintenance payments relating to estranged spouses and dependents

41

Enter total monthly cost of any other expense items that do not form part of any of the other categories

42

Enter a monthly total for existing mortgage repayments

43

Enter a monthly total for personal loan repayments

44

Enter a monthly total for motor finance repayments

45

Enter a monthly total for computer finance repayments

46

Enter a monthly total for furniture finance repayments

47

Enter a monthly total for credit card repayments

48

Enter the average monthly combined bank charges

49

Enter a total for any other financing payments that do not form part of the other financing cost categories

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

Page 6 of 13

Annual Amortization Table

www.excel-skills.co.uk

Years

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

300,000.00

19,002.13

11,870.19

7,131.94

292,868.06

97.6%

292,868.06

19,002.13

11,579.62

7,422.50

285,445.56

95.1%

285,445.56

19,002.13

11,277.22

7,724.91

277,720.66

92.6%

277,720.66

19,002.13

10,962.50

8,039.63

269,681.03

89.9%

269,681.03

19,002.13

10,634.95

8,367.18

261,313.85

87.1%

261,313.85

19,002.13

10,294.06

8,708.07

252,605.78

84.2%

252,605.78

19,002.13

9,939.28

9,062.85

243,542.93

81.2%

243,542.93

19,002.13

9,570.04

9,432.08

234,110.85

78.0%

234,110.85

19,002.13

9,185.76

9,816.36

224,294.48

74.8%

10

224,294.48

19,002.13

8,785.83

10,216.30

214,078.19

71.4%

11

214,078.19

19,002.13

8,369.60

10,632.52

203,445.67

67.8%

12

203,445.67

19,002.13

7,936.42

11,065.71

192,379.96

64.1%

13

192,379.96

19,002.13

7,485.58

11,516.54

180,863.42

60.3%

14

180,863.42

19,002.13

7,016.38

11,985.74

168,877.67

56.3%

15

168,877.67

19,002.13

6,528.06

12,474.06

156,403.61

52.1%

16

156,403.61

19,002.13

6,019.85

12,982.27

143,421.34

47.8%

17

143,421.34

19,002.13

5,490.93

13,511.19

129,910.14

43.3%

18

129,910.14

19,002.13

4,940.47

14,061.66

115,848.49

38.6%

19

115,848.49

19,002.13

4,367.57

14,634.55

101,213.93

33.7%

20

101,213.93

19,002.13

3,771.34

15,230.79

85,983.15

28.7%

21

85,983.15

19,002.13

3,150.81

15,851.31

70,131.83

23.4%

22

70,131.83

19,002.13

2,505.01

16,497.12

53,634.71

17.9%

23

53,634.71

19,002.13

1,832.89

17,169.24

36,465.48

12.2%

24

36,465.48

19,002.13

1,133.39

17,868.74

18,596.74

6.2%

25

18,596.74

19,002.13

405.39

18,596.74

0.0%

26

0.0%

27

0.0%

28

0.0%

29

0.0%

30

0.0%

Page 7 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

300,000.00

1,583.51

1,000.00

583.51

299,416.49

99.81%

299,416.49

1,583.51

998.05

585.46

298,831.03

99.61%

298,831.03

1,583.51

996.10

587.41

298,243.63

99.41%

298,243.63

1,583.51

994.15

589.37

297,654.26

99.22%

297,654.26

1,583.51

992.18

591.33

297,062.93

99.02%

297,062.93

1,583.51

990.21

593.30

296,469.63

98.82%

296,469.63

1,583.51

988.23

595.28

295,874.35

98.62%

295,874.35

1,583.51

986.25

597.26

295,277.09

98.43%

295,277.09

1,583.51

984.26

599.25

294,677.84

98.23%

10

294,677.84

1,583.51

982.26

601.25

294,076.59

98.03%

11

294,076.59

1,583.51

980.26

603.26

293,473.33

97.82%

12

293,473.33

1,583.51

978.24

605.27

292,868.06

97.62%

13

292,868.06

1,583.51

976.23

607.28

292,260.78

97.42%

14

292,260.78

1,583.51

974.20

609.31

291,651.47

97.22%

15

291,651.47

1,583.51

972.17

611.34

291,040.13

97.01%

16

291,040.13

1,583.51

970.13

613.38

290,426.76

96.81%

17

290,426.76

1,583.51

968.09

615.42

289,811.34

96.60%

18

289,811.34

1,583.51

966.04

617.47

289,193.86

96.40%

19

289,193.86

1,583.51

963.98

619.53

288,574.33

96.19%

20

288,574.33

1,583.51

961.91

621.60

287,952.74

95.98%

21

287,952.74

1,583.51

959.84

623.67

287,329.07

95.78%

22

287,329.07

1,583.51

957.76

625.75

286,703.32

95.57%

23

286,703.32

1,583.51

955.68

627.83

286,075.49

95.36%

24

286,075.49

1,583.51

953.58

629.93

285,445.56

95.15%

25

285,445.56

1,583.51

951.49

632.03

284,813.54

94.94%

26

284,813.54

1,583.51

949.38

634.13

284,179.41

94.73%

27

284,179.41

1,583.51

947.26

636.25

283,543.16

94.51%

28

283,543.16

1,583.51

945.14

638.37

282,904.79

94.30%

29

282,904.79

1,583.51

943.02

640.49

282,264.30

94.09%

30

282,264.30

1,583.51

940.88

642.63

281,621.67

93.87%

31

281,621.67

1,583.51

938.74

644.77

280,976.90

93.66%

32

280,976.90

1,583.51

936.59

646.92

280,329.98

93.44%

33

280,329.98

1,583.51

934.43

649.08

279,680.90

93.23%

34

279,680.90

1,583.51

932.27

651.24

279,029.66

93.01%

35

279,029.66

1,583.51

930.10

653.41

278,376.25

92.79%

36

278,376.25

1,583.51

927.92

655.59

277,720.66

92.57%

37

277,720.66

1,583.51

925.74

657.77

277,062.88

92.35%

38

277,062.88

1,583.51

923.54

659.97

276,402.91

92.13%

39

276,402.91

1,583.51

921.34

662.17

275,740.75

91.91%

40

275,740.75

1,583.51

919.14

664.37

275,076.37

91.69%

41

275,076.37

1,583.51

916.92

666.59

274,409.78

91.47%

42

274,409.78

1,583.51

914.70

668.81

273,740.97

91.25%

43

273,740.97

1,583.51

912.47

671.04

273,069.93

91.02%

44

273,069.93

1,583.51

910.23

673.28

272,396.65

90.80%

45

272,396.65

1,583.51

907.99

675.52

271,721.13

90.57%

46

271,721.13

1,583.51

905.74

677.77

271,043.36

90.35%

47

271,043.36

1,583.51

903.48

680.03

270,363.33

90.12%

48

270,363.33

1,583.51

901.21

682.30

269,681.03

89.89%

49

269,681.03

1,583.51

898.94

684.57

268,996.45

89.67%

50

268,996.45

1,583.51

896.65

686.86

268,309.60

89.44%

51

268,309.60

1,583.51

894.37

689.15

267,620.45

89.21%

52

267,620.45

1,583.51

892.07

691.44

266,929.01

88.98%

53

266,929.01

1,583.51

889.76

693.75

266,235.26

88.75%

54

266,235.26

1,583.51

887.45

696.06

265,539.20

88.51%

55

265,539.20

1,583.51

885.13

698.38

264,840.82

88.28%

56

264,840.82

1,583.51

882.80

700.71

264,140.11

88.05%

57

264,140.11

1,583.51

880.47

703.04

263,437.07

87.81%

58

263,437.07

1,583.51

878.12

705.39

262,731.68

87.58%

59

262,731.68

1,583.51

875.77

707.74

262,023.95

87.34%

60

262,023.95

1,583.51

873.41

710.10

261,313.85

87.10%

61

261,313.85

1,583.51

871.05

712.46

260,601.38

86.87%

Page 8 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

62

260,601.38

1,583.51

868.67

714.84

259,886.55

86.63%

63

259,886.55

1,583.51

866.29

717.22

259,169.32

86.39%

64

259,169.32

1,583.51

863.90

719.61

258,449.71

86.15%

65

258,449.71

1,583.51

861.50

722.01

257,727.70

85.91%

66

257,727.70

1,583.51

859.09

724.42

257,003.28

85.67%

67

257,003.28

1,583.51

856.68

726.83

256,276.45

85.43%

68

256,276.45

1,583.51

854.25

729.26

255,547.19

85.18%

69

255,547.19

1,583.51

851.82

731.69

254,815.51

84.94%

70

254,815.51

1,583.51

849.39

734.13

254,081.38

84.69%

71

254,081.38

1,583.51

846.94

736.57

253,344.81

84.45%

72

253,344.81

1,583.51

844.48

739.03

252,605.78

84.20%

73

252,605.78

1,583.51

842.02

741.49

251,864.29

83.95%

74

251,864.29

1,583.51

839.55

743.96

251,120.33

83.71%

75

251,120.33

1,583.51

837.07

746.44

250,373.88

83.46%

76

250,373.88

1,583.51

834.58

748.93

249,624.95

83.21%

77

249,624.95

1,583.51

832.08

751.43

248,873.52

82.96%

78

248,873.52

1,583.51

829.58

753.93

248,119.59

82.71%

79

248,119.59

1,583.51

827.07

756.45

247,363.15

82.45%

80

247,363.15

1,583.51

824.54

758.97

246,604.18

82.20%

81

246,604.18

1,583.51

822.01

761.50

245,842.68

81.95%

82

245,842.68

1,583.51

819.48

764.03

245,078.65

81.69%

83

245,078.65

1,583.51

816.93

766.58

244,312.07

81.44%

84

244,312.07

1,583.51

814.37

769.14

243,542.93

81.18%

85

243,542.93

1,583.51

811.81

771.70

242,771.23

80.92%

86

242,771.23

1,583.51

809.24

774.27

241,996.96

80.67%

87

241,996.96

1,583.51

806.66

776.85

241,220.10

80.41%

88

241,220.10

1,583.51

804.07

779.44

240,440.66

80.15%

89

240,440.66

1,583.51

801.47

782.04

239,658.62

79.89%

90

239,658.62

1,583.51

798.86

784.65

238,873.97

79.62%

91

238,873.97

1,583.51

796.25

787.26

238,086.70

79.36%

92

238,086.70

1,583.51

793.62

789.89

237,296.82

79.10%

93

237,296.82

1,583.51

790.99

792.52

236,504.30

78.83%

94

236,504.30

1,583.51

788.35

795.16

235,709.13

78.57%

95

235,709.13

1,583.51

785.70

797.81

234,911.32

78.30%

96

234,911.32

1,583.51

783.04

800.47

234,110.85

78.04%

97

234,110.85

1,583.51

780.37

803.14

233,307.71

77.77%

98

233,307.71

1,583.51

777.69

805.82

232,501.89

77.50%

99

232,501.89

1,583.51

775.01

808.50

231,693.38

77.23%

100

231,693.38

1,583.51

772.31

811.20

230,882.18

76.96%

101

230,882.18

1,583.51

769.61

813.90

230,068.28

76.69%

102

230,068.28

1,583.51

766.89

816.62

229,251.66

76.42%

103

229,251.66

1,583.51

764.17

819.34

228,432.33

76.14%

104

228,432.33

1,583.51

761.44

822.07

227,610.26

75.87%

105

227,610.26

1,583.51

758.70

824.81

226,785.45

75.60%

106

226,785.45

1,583.51

755.95

827.56

225,957.89

75.32%

107

225,957.89

1,583.51

753.19

830.32

225,127.57

75.04%

108

225,127.57

1,583.51

750.43

833.09

224,294.48

74.76%

109

224,294.48

1,583.51

747.65

835.86

223,458.62

74.49%

110

223,458.62

1,583.51

744.86

838.65

222,619.97

74.21%

111

222,619.97

1,583.51

742.07

841.44

221,778.53

73.93%

112

221,778.53

1,583.51

739.26

844.25

220,934.28

73.64%

113

220,934.28

1,583.51

736.45

847.06

220,087.22

73.36%

114

220,087.22

1,583.51

733.62

849.89

219,237.33

73.08%

115

219,237.33

1,583.51

730.79

852.72

218,384.61

72.79%

116

218,384.61

1,583.51

727.95

855.56

217,529.05

72.51%

117

217,529.05

1,583.51

725.10

858.41

216,670.64

72.22%

118

216,670.64

1,583.51

722.24

861.28

215,809.36

71.94%

119

215,809.36

1,583.51

719.36

864.15

214,945.22

71.65%

120

214,945.22

1,583.51

716.48

867.03

214,078.19

71.36%

121

214,078.19

1,583.51

713.59

869.92

213,208.27

71.07%

122

213,208.27

1,583.51

710.69

872.82

212,335.46

70.78%

Page 9 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

123

212,335.46

1,583.51

707.78

875.73

211,459.73

70.49%

124

211,459.73

1,583.51

704.87

878.64

210,581.09

70.19%

125

210,581.09

1,583.51

701.94

881.57

209,699.51

69.90%

126

209,699.51

1,583.51

699.00

884.51

208,815.00

69.61%

127

208,815.00

1,583.51

696.05

887.46

207,927.54

69.31%

128

207,927.54

1,583.51

693.09

890.42

207,037.12

69.01%

129

207,037.12

1,583.51

690.12

893.39

206,143.73

68.71%

130

206,143.73

1,583.51

687.15

896.36

205,247.37

68.42%

131

205,247.37

1,583.51

684.16

899.35

204,348.02

68.12%

132

204,348.02

1,583.51

681.16

902.35

203,445.67

67.82%

133

203,445.67

1,583.51

678.15

905.36

202,540.31

67.51%

134

202,540.31

1,583.51

675.13

908.38

201,631.93

67.21%

135

201,631.93

1,583.51

672.11

911.40

200,720.53

66.91%

136

200,720.53

1,583.51

669.07

914.44

199,806.09

66.60%

137

199,806.09

1,583.51

666.02

917.49

198,888.60

66.30%

138

198,888.60

1,583.51

662.96

920.55

197,968.05

65.99%

139

197,968.05

1,583.51

659.89

923.62

197,044.43

65.68%

140

197,044.43

1,583.51

656.81

926.70

196,117.73

65.37%

141

196,117.73

1,583.51

653.73

929.78

195,187.95

65.06%

142

195,187.95

1,583.51

650.63

932.88

194,255.07

64.75%

143

194,255.07

1,583.51

647.52

935.99

193,319.07

64.44%

144

193,319.07

1,583.51

644.40

939.11

192,379.96

64.13%

145

192,379.96

1,583.51

641.27

942.24

191,437.71

63.81%

146

191,437.71

1,583.51

638.13

945.38

190,492.33

63.50%

147

190,492.33

1,583.51

634.97

948.54

189,543.79

63.18%

148

189,543.79

1,583.51

631.81

951.70

188,592.10

62.86%

149

188,592.10

1,583.51

628.64

954.87

187,637.23

62.55%

150

187,637.23

1,583.51

625.46

958.05

186,679.17

62.23%

151

186,679.17

1,583.51

622.26

961.25

185,717.93

61.91%

152

185,717.93

1,583.51

619.06

964.45

184,753.48

61.58%

153

184,753.48

1,583.51

615.84

967.67

183,785.81

61.26%

154

183,785.81

1,583.51

612.62

970.89

182,814.92

60.94%

155

182,814.92

1,583.51

609.38

974.13

181,840.79

60.61%

156

181,840.79

1,583.51

606.14

977.37

180,863.42

60.29%

157

180,863.42

1,583.51

602.88

980.63

179,882.78

59.96%

158

179,882.78

1,583.51

599.61

983.90

178,898.88

59.63%

159

178,898.88

1,583.51

596.33

987.18

177,911.70

59.30%

160

177,911.70

1,583.51

593.04

990.47

176,921.23

58.97%

161

176,921.23

1,583.51

589.74

993.77

175,927.46

58.64%

162

175,927.46

1,583.51

586.42

997.09

174,930.37

58.31%

163

174,930.37

1,583.51

583.10

1,000.41

173,929.96

57.98%

164

173,929.96

1,583.51

579.77

1,003.74

172,926.22

57.64%

165

172,926.22

1,583.51

576.42

1,007.09

171,919.13

57.31%

166

171,919.13

1,583.51

573.06

1,010.45

170,908.68

56.97%

167

170,908.68

1,583.51

569.70

1,013.81

169,894.87

56.63%

168

169,894.87

1,583.51

566.32

1,017.19

168,877.67

56.29%

169

168,877.67

1,583.51

562.93

1,020.58

167,857.09

55.95%

170

167,857.09

1,583.51

559.52

1,023.99

166,833.10

55.61%

171

166,833.10

1,583.51

556.11

1,027.40

165,805.70

55.27%

172

165,805.70

1,583.51

552.69

1,030.82

164,774.88

54.92%

173

164,774.88

1,583.51

549.25

1,034.26

163,740.61

54.58%

174

163,740.61

1,583.51

545.80

1,037.71

162,702.91

54.23%

175

162,702.91

1,583.51

542.34

1,041.17

161,661.74

53.89%

176

161,661.74

1,583.51

538.87

1,044.64

160,617.10

53.54%

177

160,617.10

1,583.51

535.39

1,048.12

159,568.98

53.19%

178

159,568.98

1,583.51

531.90

1,051.61

158,517.37

52.84%

179

158,517.37

1,583.51

528.39

1,055.12

157,462.25

52.49%

180

157,462.25

1,583.51

524.87

1,058.64

156,403.61

52.13%

181

156,403.61

1,583.51

521.35

1,062.17

155,341.45

51.78%

182

155,341.45

1,583.51

517.80

1,065.71

154,275.74

51.43%

183

154,275.74

1,583.51

514.25

1,069.26

153,206.48

51.07%

Page 10 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

184

153,206.48

1,583.51

510.69

1,072.82

152,133.66

50.71%

185

152,133.66

1,583.51

507.11

1,076.40

151,057.26

50.35%

186

151,057.26

1,583.51

503.52

1,079.99

149,977.28

49.99%

187

149,977.28

1,583.51

499.92

1,083.59

148,893.69

49.63%

188

148,893.69

1,583.51

496.31

1,087.20

147,806.49

49.27%

189

147,806.49

1,583.51

492.69

1,090.82

146,715.67

48.91%

190

146,715.67

1,583.51

489.05

1,094.46

145,621.21

48.54%

191

145,621.21

1,583.51

485.40

1,098.11

144,523.10

48.17%

192

144,523.10

1,583.51

481.74

1,101.77

143,421.34

47.81%

193

143,421.34

1,583.51

478.07

1,105.44

142,315.90

47.44%

194

142,315.90

1,583.51

474.39

1,109.12

141,206.77

47.07%

195

141,206.77

1,583.51

470.69

1,112.82

140,093.95

46.70%

196

140,093.95

1,583.51

466.98

1,116.53

138,977.42

46.33%

197

138,977.42

1,583.51

463.26

1,120.25

137,857.17

45.95%

198

137,857.17

1,583.51

459.52

1,123.99

136,733.18

45.58%

199

136,733.18

1,583.51

455.78

1,127.73

135,605.45

45.20%

200

135,605.45

1,583.51

452.02

1,131.49

134,473.96

44.82%

201

134,473.96

1,583.51

448.25

1,135.26

133,338.69

44.45%

202

133,338.69

1,583.51

444.46

1,139.05

132,199.64

44.07%

203

132,199.64

1,583.51

440.67

1,142.85

131,056.80

43.69%

204

131,056.80

1,583.51

436.86

1,146.65

129,910.14

43.30%

205

129,910.14

1,583.51

433.03

1,150.48

128,759.67

42.92%

206

128,759.67

1,583.51

429.20

1,154.31

127,605.36

42.54%

207

127,605.36

1,583.51

425.35

1,158.16

126,447.20

42.15%

208

126,447.20

1,583.51

421.49

1,162.02

125,285.18

41.76%

209

125,285.18

1,583.51

417.62

1,165.89

124,119.28

41.37%

210

124,119.28

1,583.51

413.73

1,169.78

122,949.50

40.98%

211

122,949.50

1,583.51

409.83

1,173.68

121,775.83

40.59%

212

121,775.83

1,583.51

405.92

1,177.59

120,598.23

40.20%

213

120,598.23

1,583.51

401.99

1,181.52

119,416.72

39.81%

214

119,416.72

1,583.51

398.06

1,185.45

118,231.26

39.41%

215

118,231.26

1,583.51

394.10

1,189.41

117,041.86

39.01%

216

117,041.86

1,583.51

390.14

1,193.37

115,848.49

38.62%

217

115,848.49

1,583.51

386.16

1,197.35

114,651.14

38.22%

218

114,651.14

1,583.51

382.17

1,201.34

113,449.80

37.82%

219

113,449.80

1,583.51

378.17

1,205.34

112,244.45

37.41%

220

112,244.45

1,583.51

374.15

1,209.36

111,035.09

37.01%

221

111,035.09

1,583.51

370.12

1,213.39

109,821.70

36.61%

222

109,821.70

1,583.51

366.07

1,217.44

108,604.26

36.20%

223

108,604.26

1,583.51

362.01

1,221.50

107,382.76

35.79%

224

107,382.76

1,583.51

357.94

1,225.57

106,157.19

35.39%

225

106,157.19

1,583.51

353.86

1,229.65

104,927.54

34.98%

226

104,927.54

1,583.51

349.76

1,233.75

103,693.79

34.56%

227

103,693.79

1,583.51

345.65

1,237.86

102,455.92

34.15%

228

102,455.92

1,583.51

341.52

1,241.99

101,213.93

33.74%

229

101,213.93

1,583.51

337.38

1,246.13

99,967.80

33.32%

230

99,967.80

1,583.51

333.23

1,250.28

98,717.52

32.91%

231

98,717.52

1,583.51

329.06

1,254.45

97,463.07

32.49%

232

97,463.07

1,583.51

324.88

1,258.63

96,204.43

32.07%

233

96,204.43

1,583.51

320.68

1,262.83

94,941.60

31.65%

234

94,941.60

1,583.51

316.47

1,267.04

93,674.57

31.22%

235

93,674.57

1,583.51

312.25

1,271.26

92,403.30

30.80%

236

92,403.30

1,583.51

308.01

1,275.50

91,127.80

30.38%

237

91,127.80

1,583.51

303.76

1,279.75

89,848.05

29.95%

238

89,848.05

1,583.51

299.49

1,284.02

88,564.04

29.52%

239

88,564.04

1,583.51

295.21

1,288.30

87,275.74

29.09%

240

87,275.74

1,583.51

290.92

1,292.59

85,983.15

28.66%

241

85,983.15

1,583.51

286.61

1,296.90

84,686.25

28.23%

242

84,686.25

1,583.51

282.29

1,301.22

83,385.02

27.80%

243

83,385.02

1,583.51

277.95

1,305.56

82,079.46

27.36%

244

82,079.46

1,583.51

273.60

1,309.91

80,769.55

26.92%

Page 11 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

245

80,769.55

1,583.51

269.23

1,314.28

79,455.27

26.49%

246

79,455.27

1,583.51

264.85

1,318.66

78,136.61

26.05%

247

78,136.61

1,583.51

260.46

1,323.06

76,813.56

25.60%

248

76,813.56

1,583.51

256.05

1,327.47

75,486.09

25.16%

249

75,486.09

1,583.51

251.62

1,331.89

74,154.20

24.72%

250

74,154.20

1,583.51

247.18

1,336.33

72,817.87

24.27%

251

72,817.87

1,583.51

242.73

1,340.78

71,477.09

23.83%

252

71,477.09

1,583.51

238.26

1,345.25

70,131.83

23.38%

253

70,131.83

1,583.51

233.77

1,349.74

68,782.10

22.93%

254

68,782.10

1,583.51

229.27

1,354.24

67,427.86

22.48%

255

67,427.86

1,583.51

224.76

1,358.75

66,069.11

22.02%

256

66,069.11

1,583.51

220.23

1,363.28

64,705.83

21.57%

257

64,705.83

1,583.51

215.69

1,367.82

63,338.00

21.11%

258

63,338.00

1,583.51

211.13

1,372.38

61,965.62

20.66%

259

61,965.62

1,583.51

206.55

1,376.96

60,588.66

20.20%

260

60,588.66

1,583.51

201.96

1,381.55

59,207.11

19.74%

261

59,207.11

1,583.51

197.36

1,386.15

57,820.96

19.27%

262

57,820.96

1,583.51

192.74

1,390.77

56,430.19

18.81%

263

56,430.19

1,583.51

188.10

1,395.41

55,034.78

18.34%

264

55,034.78

1,583.51

183.45

1,400.06

53,634.71

17.88%

265

53,634.71

1,583.51

178.78

1,404.73

52,229.99

17.41%

266

52,229.99

1,583.51

174.10

1,409.41

50,820.58

16.94%

267

50,820.58

1,583.51

169.40

1,414.11

49,406.47

16.47%

268

49,406.47

1,583.51

164.69

1,418.82

47,987.65

16.00%

269

47,987.65

1,583.51

159.96

1,423.55

46,564.09

15.52%

270

46,564.09

1,583.51

155.21

1,428.30

45,135.80

15.05%

271

45,135.80

1,583.51

150.45

1,433.06

43,702.74

14.57%

272

43,702.74

1,583.51

145.68

1,437.83

42,264.90

14.09%

273

42,264.90

1,583.51

140.88

1,442.63

40,822.28

13.61%

274

40,822.28

1,583.51

136.07

1,447.44

39,374.84

13.12%

275

39,374.84

1,583.51

131.25

1,452.26

37,922.58

12.64%

276

37,922.58

1,583.51

126.41

1,457.10

36,465.48

12.16%

277

36,465.48

1,583.51

121.55

1,461.96

35,003.52

11.67%

278

35,003.52

1,583.51

116.68

1,466.83

33,536.69

11.18%

279

33,536.69

1,583.51

111.79

1,471.72

32,064.96

10.69%

280

32,064.96

1,583.51

106.88

1,476.63

30,588.34

10.20%

281

30,588.34

1,583.51

101.96

1,481.55

29,106.79

9.70%

282

29,106.79

1,583.51

97.02

1,486.49

27,620.30

9.21%

283

27,620.30

1,583.51

92.07

1,491.44

26,128.86

8.71%

284

26,128.86

1,583.51

87.10

1,496.41

24,632.44

8.21%

285

24,632.44

1,583.51

82.11

1,501.40

23,131.04

7.71%

286

23,131.04

1,583.51

77.10

1,506.41

21,624.63

7.21%

287

21,624.63

1,583.51

72.08

1,511.43

20,113.21

6.70%

288

20,113.21

1,583.51

67.04

1,516.47

18,596.74

6.20%

289

18,596.74

1,583.51

61.99

1,521.52

17,075.22

5.69%

290

17,075.22

1,583.51

56.92

1,526.59

15,548.62

5.18%

291

15,548.62

1,583.51

51.83

1,531.68

14,016.94

4.67%

292

14,016.94

1,583.51

46.72

1,536.79

12,480.16

4.16%

293

12,480.16

1,583.51

41.60

1,541.91

10,938.25

3.65%

294

10,938.25

1,583.51

36.46

1,547.05

9,391.20

3.13%

295

9,391.20

1,583.51

31.30

1,552.21

7,838.99

2.61%

296

7,838.99

1,583.51

26.13

1,557.38

6,281.61

2.09%

297

6,281.61

1,583.51

20.94

1,562.57

4,719.04

1.57%

298

4,719.04

1,583.51

15.73

1,567.78

3,151.26

1.05%

299

3,151.26

1,583.51

10.50

1,573.01

1,578.25

0.53%

300

1,578.25

1,583.51

5.26

1,578.25

0.00%

301

0.00%

302

0.00%

303

0.00%

304

0.00%

305

0.00%

Page 12 of 13

Monthly Amortization Table

www.excel-skills.co.uk

Repayment
Number

Opening
Balance

Loan
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

306

0.00%

307

0.00%

308

0.00%

309

0.00%

310

0.00%

311

0.00%

312

0.00%

313

0.00%

314

0.00%

315

0.00%

316

0.00%

317

0.00%

318

0.00%

319

0.00%

320

0.00%

321

0.00%

322

0.00%

323

0.00%

324

0.00%

325

0.00%

326

0.00%

327

0.00%

328

0.00%

329

0.00%

330

0.00%

331

0.00%

332

0.00%

333

0.00%

334

0.00%

335

0.00%

336

0.00%

337

0.00%

338

0.00%

339

0.00%

340

0.00%

341

0.00%

342

0.00%

343

0.00%

344

0.00%

345

0.00%

346

0.00%

347

0.00%

348

0.00%

349

0.00%

350

0.00%

351

0.00%

352

0.00%

353

0.00%

354

0.00%

355

0.00%

356

0.00%

357

0.00%

358

0.00%

359

0.00%

360

0.00%

175,053.16

Page 13 of 13