Daily Loan Principal & Interest Calculation Spreadsheet

#VALUE!

28-Apr-2016

D-H & Associates Consulting

This spreadsheet shows in daily detail the effect of amounts and timing of fees and loan
payments on a fixed rate loan. This sheet can be helpful in understanding the effects of
late and early payments and fees. This spreadsheet is intended to be an educational
tool. It is not intended to be a basis for financial or other important decisions.
A financial institutions computer system may output slightly different results based on
how that system has been programmed to calculate. As with any utility tool like this the
user should validate it before using it to make decisions.

Spreadsheet

Daily Loan Principal & Interest Calculation Spreadsheet

#VALUE!

28-Apr-2016

Beginning Balance:
Beginning day of Loan
First payment date

APR:
7.50%
Daily: 0.020548%
Maturity:
48 mos = 4 years
Payment:
$483.57
System digit truncation: 8 digits
Required inputs in the table are the amounts of fees and payments, input on the days they were charged or paid.

Date
1-Jun-2009
2-Jun-2009
3-Jun-2009
4-Jun-2009
5-Jun-2009
6-Jun-2009
7-Jun-2009
8-Jun-2009
9-Jun-2009
10-Jun-2009
11-Jun-2009
12-Jun-2009
13-Jun-2009
14-Jun-2009
15-Jun-2009
16-Jun-2009
17-Jun-2009
18-Jun-2009
19-Jun-2009
20-Jun-2009
21-Jun-2009
22-Jun-2009
23-Jun-2009
24-Jun-2009
25-Jun-2009
26-Jun-2009
27-Jun-2009
28-Jun-2009
29-Jun-2009
30-Jun-2009
1-Jul-2009
2-Jul-2009
3-Jul-2009
4-Jul-2009
5-Jul-2009
6-Jul-2009
7-Jul-2009
8-Jul-2009
9-Jul-2009
10-Jul-2009
11-Jul-2009
12-Jul-2009
13-Jul-2009
14-Jul-2009
15-Jul-2009
16-Jul-2009
17-Jul-2009
18-Jul-2009
19-Jul-2009

Beginning
Balance
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00

$20,000.00
1-Jun-2009

Interest Cumulative
Fees Interest Accrued
Interest
Chgd
Rate each Day
Accrued Payment
7.50%
0.00
0.00
0.00
7.50%
4.11
4.11
7.50%
4.11
8.22
7.50%
4.11
12.33
7.50%
4.11
16.44
7.50%
4.11
20.55
7.50%
4.11
24.66
7.50%
4.11
28.77
7.50%
4.11
32.88
7.50%
4.11
36.99
7.50%
4.11
41.10
7.50%
4.11
45.21
7.50%
4.11
49.32
7.50%
4.11
53.42
7.50%
4.11
57.53
7.50%
4.11
61.64
7.50%
4.11
65.75
7.50%
4.11
69.86
7.50%
4.11
73.97
7.50%
4.11
78.08
7.50%
4.11
82.19
7.50%
4.11
86.30
7.50%
4.11
90.41
7.50%
4.11
94.52
7.50%
4.11
98.63
7.50%
4.11
102.74
7.50%
4.11
106.85
7.50%
4.11
110.96
7.50%
4.11
115.07
7.50%
4.11
119.18
7.50%
4.11
123.29
7.50%
4.11
127.40
7.50%
4.11
131.51
7.50%
4.11
135.62
7.50%
4.11
139.73
7.50%
4.11
143.84
7.50%
4.11
147.95
7.50%
4.11
152.05
7.50%
4.11
156.16
7.50%
4.11
160.27
7.50%
4.11
164.38
7.50%
4.11
168.49
7.50%
4.11
172.60
7.50%
4.11
176.71
7.50%
4.11
180.82
7.50%
4.11
184.93
7.50%
4.11
189.04
7.50%
4.11
193.15
7.50%
4.11
197.26

Fees Interest Principal Remaining

Paid
Paid
Paid
Balance
0.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00
0.00
0.00 20,000.00

Balance +
Interest
Due
20,000.00
20,004.11
20,008.22
20,012.33
20,016.44
20,020.55
20,024.66
20,028.77
20,032.88
20,036.99
20,041.10
20,045.21
20,049.32
20,053.42
20,057.53
20,061.64
20,065.75
20,069.86
20,073.97
20,078.08
20,082.19
20,086.30
20,090.41
20,094.52
20,098.63
20,102.74
20,106.85
20,110.96
20,115.07
20,119.18
20,123.29
20,127.40
20,131.51
20,135.62
20,139.73
20,143.84
20,147.95
20,152.05
20,156.16
20,160.27
20,164.38
20,168.49
20,172.60
20,176.71
20,180.82
20,184.93
20,189.04
20,193.15
20,197.26

Total
Interest
Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00