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Loan Amortization Schedule
(FOR USE IN ALL 50 U.S. STATES)
Click here for more information about our copyrighted, online questionnaire process.
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- What the Loan Amortization Schedule creator does. Our Loan Amortization Schedule system creates a table that: (1) lists each payment called for under the loan, (2) states the interest component of each payment, (3) states the principal component of each payment, and (4) states the prinical balance remaining after each payment. This is especially important information for tax purposes if your loan is of an investement or business nature. The system works with either yearly or monthly payments and payment periods of 6 months, 9 months, 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, 10 years, 12 years, 15 years, 20 years, 25 years, and 30 years.
We do sell a complete loan agreement that includes the loan amortization schedule as an attachment. This forms sells for $12.99--Loan Agreement with Amortization Schedule.
The following is an example for a $100,000 loan at 8% percent interest with 6 fixed yearly payments of $15,000 (where the user has choosen to have a balance due at the end of the loan term).
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AMORTIZATION SCHEDULE
| YEAR | PAYMENT | INTEREST | PRIN | BALANCE | | 1 | 15,000.00 | 8,000.00 | 7,000.00 | 93,000.00 | | 2 | 15,000.00 | 7,440.00 | 7,560.00 | 85,440.00 | | 3 | 15,000.00 | 6,835.20 | 8,164.80 | 77,275.20 | | 4 | 15,000.00 | 6,182.02 | 8,817.98 | 68,457.22 | | 5 | 15,000.00 | 5,476.58 | 9,523.42 | 58,933.79 | | 6 | 15,000.00 | 4,714.70 | 10,285.30 | 48,648.50 |
Note: Purchasers of this form receive a 60 day license to make as many copies and versions of the Loan Amortization Schedule as they wish during this 60 day license period.
DISCLAIMER
The above is provided for informational purposes only and is NOT to be relied upon as legal advice. This service is not a substitute for the advice of an attorney and we encourage users to have all documents created on our site reviewed by an attorney. No attorney-client relationship is established by use of our online legal forms system and the user is not to rely upon any information found anywhere on our site. THESE FORMS ARE SOLD ON AN "AS IS" BASIS WITH NO WARRANTIES OR GUARANTIES. If you wish personal assistance in deciding whether the document found on our site is right for you or desire representations and warranties upon the legality of the document you are purchasing in the jurisdiction you will be using it, contact an attorney licensed to practice law in your state.
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