Scribd
Upload
69 views1 page

PADD Loan Calculator Tool Overview

This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with an interest rate of 9.5% over 10 years. It calculates that the monthly payment would be $6,055.81, with a total of $258,696.68 paid in interest over the life of the loan and a total amount paid of $726,696.68. It notes that the principal balance would exceed the interest payments after around 2 1/2 years.

Uploaded by

Hafiz Ismail
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
69 views1 page

PADD Loan Calculator Tool Overview

This document contains a loan calculator that estimates the payments and amortization schedule for a $468,000 loan with an interest rate of 9.5% over 10 years. It calculates that the monthly payment would be $6,055.81, with a total of $258,696.68 paid in interest over the life of the loan and a total amount paid of $726,696.68. It notes that the principal balance would exceed the interest payments after around 2 1/2 years.

Uploaded by

Hafiz Ismail
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

PADD Loan Calculator Tool

Loan Amount: $ 468,000.00


Balloon Payment: $ -
Interest Rate (APR): 9.50%
Payment Rhythm: Monthly Semi-Annually
Loan Term in Years: 10
Payments in Advance / Arrears: Arrears
Payment Amount (Monthly): $ 6,055.81

Loan Summary:
Payment Amount (Monthly): $ 6,055.81
Number of Loan Payments over Loan Term: 60
Total Interest Paid over Loan Term: $ 258,696.68
Total Amount Paid over Loan Term: $ 726,696.68
Time until Principal exceeds Interest Payments: 2 10/12 Years

This calculator will give you just an estimate of your actual loan payment and amortization schedule. Your actual loan payment amount and amortization schedule will be determined at the time
of loan closing, when and if your loan application has been approved.

The PADD does not guarantee the correctness of any results.

First 12 Month Amortization Schedule Annual Amortization Schedule

Month Principal Interest Balance Year Principal Interest Balance


Total $ 29,470.96 $ 43,198.71 $ 438,529.04 Total $ 468,000.00 $ 258,696.68 -
1 $ 2,350.81 $ 3,705.00 $ 465,649.19 1 $ 29,470.96 $ 43,198.71 $ 438,529.04
2 $ 2,369.42 $ 3,686.39 $ 463,279.78 2 $ 32,395.88 $ 40,273.78 $ 406,133.15
3 $ 2,388.17 $ 3,667.63 $ 460,891.60 3 $ 35,611.10 $ 37,058.57 $ 370,522.06
4 $ 2,407.08 $ 3,648.73 $ 458,484.52 4 $ 39,145.41 $ 33,524.26 $ 331,376.64
5 $ 2,426.14 $ 3,629.67 $ 456,058.39 5 $ 43,030.50 $ 29,639.17 $ 288,346.14
6 $ 2,445.34 $ 3,610.46 $ 453,613.04 6 $ 47,301.17 $ 25,368.49 $ 241,044.97
7 $ 2,464.70 $ 3,591.10 $ 451,148.34 7 $ 51,995.70 $ 20,673.97 $ 189,049.27
8 $ 2,484.21 $ 3,571.59 $ 448,664.13 8 $ 57,156.15 $ 15,513.52 $ 131,893.12
9 $ 2,503.88 $ 3,551.92 $ 446,160.24 9 $ 62,828.76 $ 9,840.91 $ 69,064.36
10 $ 2,523.70 $ 3,532.10 $ 443,636.54 10 $ 69,064.36 $ 3,605.31 $ -
11 $ 2,543.68 $ 3,512.12 $ 441,092.86
12 $ 2,563.82 $ 3,491.99 $ 438,529.04

Interest

Principal

You might also like