Excel Skills Australia | Mortgage Calculator Template

Instructions
www.excel-skills.com.au
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.com.au for assistance.

Page 1 of 11

Mortgage Calculator

www.excel-skills.com.au

Capital Repayment
Capital Repayment

350,000

Input Variables
Mortgage Amount
Annual Interest Rate
Mortgage Period in Years
Additional Monthly Mortgage Repayment
Annual Interest Rate Sensitivity
Average Annual Inflation Rate

300,000.00
7.8%
25
500.00
8.8%
3.0%

300,000
250,000
200,000

150,000
100,000

Calculation Results
Monthly Mortgage Repayment
Total Interest over Mortgage Period
Total Mortgage Repayment over Mortgage Period

2,275.84
382,752.94
682,752.94

Net Disposable Income

Maximum Mortgage Qualification Amount
Minimum Required Net Disposable Income
Interest Rate Safety

3,000
395,457.84
2,276
3.47%

Increased Instalment Repayment Amount

Total Adjusted Interest over Mortgage Period
Adjusted Mortgage Repayment Period (in months)
Adjusted Mortgage Repayment Period (in years)
Interest Saving
Present Value of Interest Saving

2,775.84
219,399.90
187.11
15.59
163,353.04
106,425.25

50,000
0
Years 1

10

13

16

19

22

25

28

Amortization

Increased Instalment - Interest Saving

Increased Instalment

450,000
400,000
350,000
300,000
250,000

200,000
150,000
100,000

Monthly Mortgage Repayment @ 7.8%

Monthly Mortgage Repayment @ 8.8%
Monthly Difference

2,275.84
2,476.63
200.79

50,000
0
Years

Page 2 of 11

10

13

16

19

22

25

28

Net Disposable Income Calculation

Remuneration
Gross Salary
Subsidies Received
Commission Received
Total Allowances
Other
Total Gross Remuneration
Deductions
Pension
Medivac Levy
Retirement Annuity
Income Tax (PAYG)
Super Annuation
Fringe Benefit Tax
Other Deductions
Total Deductions
Net Remuneration
Other Income
Dividend Income
Rental Income
Maintenance
Monthly Pension
Total Other Income

Net Disposable Income Calculation

Net Remuneration
Add: Other Income
Less: Operational Expenses
Less: Financing Expenses

Net Disposable Income

1
2
3
4
5
6
7
8
9
10

www.excel-skills.com.au
3,000
3,000

1
2
3
4
5

3,000

6
7
8
9
10
11
12

14
15
16
17

13

Operational Expenses
Rent Paid
Water, Electricity & Gas
Property Taxes
Repairs & Maintenance
Levies Paid
Telephone / Cell Phone / Internet
Insurance - Short Term
Insurance - Life
Medical Costs
Investments - Retirement Annuities
Investments - Other
Donations
Education
Fuel & Vehicle Maintenance
Television Subscription
Memberships
Subscriptions
Cleaning Expenses
Gardening
Groceries
Clothing
Entertainment
Maintenance Payments
Other
Total Operational Expenses

3,000
-

3,000

Input Field Guidance

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, cell phone allowance, etc.
Enter the total of any other remuneration received
Enter the total monthly pension fund deductions
Enter the total monthly medivac levy deductions
Enter the total monthly retirement annuity contributions
Enter the total monthly income tax deducted
Enter the total super annuation deductions

Page 3 of 11

18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

Financing Expenses
Mortgage Repayments
Personal Loan Instalments
Financing - Motor Vehicles
Financing - Computers
Financing - Furniture
Credit Card Repayments
Bank Charges
Other
Total Financing Expenses

42
43
44
45
46
47
48
49

Net Disposable Income Calculation

11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

www.excel-skills.com.au

Enter the monthly fringe benefit tax dedcutions

Enter the total of all other deductions, e.g.. funeral plan
This amount represents the monthly combined net remuneration
Enter the average monthly dividend income
Enter the monthly average rental income received from existing buy to let properties
Enter monthly maintenance amount received from a previous spouse
Enter the total monthly pension received
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
Enter the monthly average for water, electricity and gas
Enter the monthly property taxes paid on properties owned
Enter the average monthly repairs and maintenance on existing properties
Enter the monthly levy payable to a body corporate for properties that form part of a complex
Enter the average monthly telephone, cell phone and internet expense
Enter the current monthly insurance premium
Enter the current monthly life insurance premium
Enter the average monthly medical costs
Enter the total monthly premiums associated with retirement annuities
Enter the average monthly payments relating to other investments
Enter the average monthly donations amount
Enter the average monthly education cost, e.g.. school fees
Enter the average monthly vehicle fuel and maintenance costs
Enter the monthly television subscription amount
Enter the monthly average membership cost, e.g.. gym membership
Enter the total monthly subscription fees applicable to newspapers, magazines, etc.
Enter the total monthly cleaining expenses
Enter the average monthly cost associated with gardening services / landscaping
Enter the average monthly grocery spend
Enter the average monthly clothing spend
Enter the average monthly cost associated with entertainment, take-outs and restaurants
Enter a monthly total for maintenance payments relating to estranged spouses and dependents
Enter total monthly cost of any other expense items that do not form part of any of the other categories
Enter a monthly total for existing mortgage repayments
Enter a monthly total for personal loan repayments
Enter a monthly total for car finance repayments
Enter a monthly total for computer finance repayments
Enter a monthly total for furniture finance repayments
Enter a monthly total for credit card repayments
Enter the average monthly combined bank charges
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 4 of 11

Annual Amortization Table

Years

Opening
Balance

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Mortgage
Repayment

Interest
Charged

Capital Repaid

Closing
Balance

% Capital
Outstanding

300,000.00

27,310.12

23,257.14

4,052.98

295,947.02

98.6%

295,947.02

27,310.12

22,929.46

4,380.66

291,566.36

97.2%

291,566.36

27,310.12

22,575.28

4,734.84

286,831.53

95.6%

286,831.53

27,310.12

22,192.47

5,117.65

281,713.88

93.9%

281,713.88

27,310.12

21,778.71

5,531.41

276,182.47

92.1%

276,182.47

27,310.12

21,331.50

5,978.62

270,203.85

90.1%

270,203.85

27,310.12

20,848.13

6,461.99

263,741.86

87.9%

263,741.86

27,310.12

20,325.68

6,984.44

256,757.42

85.6%

256,757.42

27,310.12

19,760.99

7,549.13

249,208.29

83.1%

10

249,208.29

27,310.12

19,150.64

8,159.48

241,048.81

80.3%

11

241,048.81

27,310.12

18,490.95

8,819.17

232,229.64

77.4%

12

232,229.64

27,310.12

17,777.92

9,532.20

222,697.44

74.2%

13

222,697.44

27,310.12

17,007.24

10,302.87

212,394.57

70.8%

14

212,394.57

27,310.12

16,174.26

11,135.86

201,258.71

67.1%

15

201,258.71

27,310.12

15,273.93

12,036.19

189,222.52

63.1%

16

189,222.52

27,310.12

14,300.80

13,009.32

176,213.20

58.7%

17

176,213.20

27,310.12

13,249.00

14,061.12

162,152.09

54.1%

18

162,152.09

27,310.12

12,112.16

15,197.96

146,954.13

49.0%

19

146,954.13

27,310.12

10,883.41

16,426.71

130,527.42

43.5%

20

130,527.42

27,310.12

9,555.31

17,754.80

112,772.62

37.6%

21

112,772.62

27,310.12

8,119.84

19,190.28

93,582.34

31.2%

22

93,582.34

27,310.12

6,568.31

20,741.81

72,840.54

24.3%

23

72,840.54

27,310.12

4,891.34

22,418.78

50,421.76

16.8%

24

50,421.76

27,310.12

3,078.79

24,231.33

26,190.43

8.7%

25

26,190.43

27,310.12

1,119.69

26,190.43

0.0%

26

0.0%

27

0.0%

28

0.0%

29

0.0%

30

0.0%

Page 5 of 11

Monthly Amortization Table

Repayment
Number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

Opening
Balance
300,000.00
299,674.16
299,346.20
299,016.10
298,683.86
298,349.47
298,012.89
297,674.14
297,333.17
296,990.00
296,644.59
296,296.94
295,947.02
295,594.83
295,240.36
294,883.58
294,524.48
294,163.04
293,799.26
293,433.11
293,064.58
292,693.66
292,320.33
291,944.57
291,566.36
291,185.70
290,802.56
290,416.94
290,028.81
289,638.15
289,244.95
288,849.20
288,450.88
288,049.97
287,646.45
287,240.31
286,831.53
286,420.09
286,005.98
285,589.17
285,169.66
284,747.42
284,322.43
283,894.69
283,464.16
283,030.83
282,594.69
282,155.71
281,713.88
281,269.18
280,821.58
280,371.08
279,917.65
279,461.27
279,001.93
278,539.60
278,074.26
277,605.90
277,134.50
276,660.03
276,182.47
275,701.82

www.excel-skills.com.au
Mortgage
Repayment
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84

Interest
Charged

Capital Repaid

1,950.00
1,947.88
1,945.75
1,943.60
1,941.45
1,939.27
1,937.08
1,934.88
1,932.67
1,930.43
1,928.19
1,925.93
1,923.66
1,921.37
1,919.06
1,916.74
1,914.41
1,912.06
1,909.70
1,907.32
1,904.92
1,902.51
1,900.08
1,897.64
1,895.18
1,892.71
1,890.22
1,887.71
1,885.19
1,882.65
1,880.09
1,877.52
1,874.93
1,872.32
1,869.70
1,867.06
1,864.40
1,861.73
1,859.04
1,856.33
1,853.60
1,850.86
1,848.10
1,845.32
1,842.52
1,839.70
1,836.87
1,834.01
1,831.14
1,828.25
1,825.34
1,822.41
1,819.46
1,816.50
1,813.51
1,810.51
1,807.48
1,804.44
1,801.37
1,798.29
1,795.19
1,792.06

Page 6 of 11

325.84
327.96
330.09
332.24
334.40
336.57
338.76
340.96
343.18
345.41
347.65
349.91
352.19
354.48
356.78
359.10
361.43
363.78
366.15
368.53
370.92
373.33
375.76
378.20
380.66
383.14
385.63
388.13
390.66
393.20
395.75
398.32
400.91
403.52
406.14
408.78
411.44
414.11
416.80
419.51
422.24
424.98
427.75
430.53
433.33
436.14
438.98
441.83
444.70
447.59
450.50
453.43
456.38
459.34
462.33
465.34
468.36
471.40
474.47
477.55
480.66
483.78

Closing
Balance
299,674.16
299,346.20
299,016.10
298,683.86
298,349.47
298,012.89
297,674.14
297,333.17
296,990.00
296,644.59
296,296.94
295,947.02
295,594.83
295,240.36
294,883.58
294,524.48
294,163.04
293,799.26
293,433.11
293,064.58
292,693.66
292,320.33
291,944.57
291,566.36
291,185.70
290,802.56
290,416.94
290,028.81
289,638.15
289,244.95
288,849.20
288,450.88
288,049.97
287,646.45
287,240.31
286,831.53
286,420.09
286,005.98
285,589.17
285,169.66
284,747.42
284,322.43
283,894.69
283,464.16
283,030.83
282,594.69
282,155.71
281,713.88
281,269.18
280,821.58
280,371.08
279,917.65
279,461.27
279,001.93
278,539.60
278,074.26
277,605.90
277,134.50
276,660.03
276,182.47
275,701.82
275,218.04

% Capital
Outstanding
99.89%
99.78%
99.67%
99.56%
99.45%
99.34%
99.22%
99.11%
99.00%
98.88%
98.77%
98.65%
98.53%
98.41%
98.29%
98.17%
98.05%
97.93%
97.81%
97.69%
97.56%
97.44%
97.31%
97.19%
97.06%
96.93%
96.81%
96.68%
96.55%
96.41%
96.28%
96.15%
96.02%
95.88%
95.75%
95.61%
95.47%
95.34%
95.20%
95.06%
94.92%
94.77%
94.63%
94.49%
94.34%
94.20%
94.05%
93.90%
93.76%
93.61%
93.46%
93.31%
93.15%
93.00%
92.85%
92.69%
92.54%
92.38%
92.22%
92.06%
91.90%
91.74%

Monthly Amortization Table

Repayment
Number
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124

Opening
Balance
275,218.04
274,731.11
274,241.02
273,747.74
273,251.26
272,751.55
272,248.59
271,742.36
271,232.85
270,720.02
270,203.85
269,684.34
269,161.44
268,635.15
268,105.43
267,572.27
267,035.65
266,495.54
265,951.92
265,404.76
264,854.05
264,299.76
263,741.86
263,180.34
262,615.17
262,046.33
261,473.78
260,897.52
260,317.51
259,733.73
259,146.16
258,554.77
257,959.53
257,360.42
256,757.42
256,150.50
255,539.64
254,924.80
254,305.97
253,683.12
253,056.21
252,425.24
251,790.16
251,150.95
250,507.59
249,860.04
249,208.29
248,552.30
247,892.05
247,227.50
246,558.64
245,885.43
245,207.84
244,525.85
243,839.42
243,148.53
242,453.16
241,753.26
241,048.81
240,339.79
239,626.15
238,907.88

www.excel-skills.com.au
Mortgage
Repayment
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84

Interest
Charged

Capital Repaid

1,788.92
1,785.75
1,782.57
1,779.36
1,776.13
1,772.89
1,769.62
1,766.33
1,763.01
1,759.68
1,756.33
1,752.95
1,749.55
1,746.13
1,742.69
1,739.22
1,735.73
1,732.22
1,728.69
1,725.13
1,721.55
1,717.95
1,714.32
1,710.67
1,707.00
1,703.30
1,699.58
1,695.83
1,692.06
1,688.27
1,684.45
1,680.61
1,676.74
1,672.84
1,668.92
1,664.98
1,661.01
1,657.01
1,652.99
1,648.94
1,644.87
1,640.76
1,636.64
1,632.48
1,628.30
1,624.09
1,619.85
1,615.59
1,611.30
1,606.98
1,602.63
1,598.26
1,593.85
1,589.42
1,584.96
1,580.47
1,575.95
1,571.40
1,566.82
1,562.21
1,557.57
1,552.90

Page 7 of 11

486.93
490.09
493.28
496.48
499.71
502.96
506.23
509.52
512.83
516.16
519.52
522.89
526.29
529.71
533.16
536.62
540.11
543.62
547.16
550.71
554.29
557.89
561.52
565.17
568.84
572.54
576.26
580.01
583.78
587.57
591.39
595.24
599.11
603.00
606.92
610.86
614.84
618.83
622.85
626.90
630.98
635.08
639.21
643.36
647.54
651.75
655.99
660.25
664.54
668.86
673.21
677.59
681.99
686.43
690.89
695.38
699.90
704.45
709.03
713.63
718.27
722.94

Closing
Balance
274,731.11
274,241.02
273,747.74
273,251.26
272,751.55
272,248.59
271,742.36
271,232.85
270,720.02
270,203.85
269,684.34
269,161.44
268,635.15
268,105.43
267,572.27
267,035.65
266,495.54
265,951.92
265,404.76
264,854.05
264,299.76
263,741.86
263,180.34
262,615.17
262,046.33
261,473.78
260,897.52
260,317.51
259,733.73
259,146.16
258,554.77
257,959.53
257,360.42
256,757.42
256,150.50
255,539.64
254,924.80
254,305.97
253,683.12
253,056.21
252,425.24
251,790.16
251,150.95
250,507.59
249,860.04
249,208.29
248,552.30
247,892.05
247,227.50
246,558.64
245,885.43
245,207.84
244,525.85
243,839.42
243,148.53
242,453.16
241,753.26
241,048.81
240,339.79
239,626.15
238,907.88
238,184.94

% Capital
Outstanding
91.58%
91.41%
91.25%
91.08%
90.92%
90.75%
90.58%
90.41%
90.24%
90.07%
89.89%
89.72%
89.55%
89.37%
89.19%
89.01%
88.83%
88.65%
88.47%
88.28%
88.10%
87.91%
87.73%
87.54%
87.35%
87.16%
86.97%
86.77%
86.58%
86.38%
86.18%
85.99%
85.79%
85.59%
85.38%
85.18%
84.97%
84.77%
84.56%
84.35%
84.14%
83.93%
83.72%
83.50%
83.29%
83.07%
82.85%
82.63%
82.41%
82.19%
81.96%
81.74%
81.51%
81.28%
81.05%
80.82%
80.58%
80.35%
80.11%
79.88%
79.64%
79.39%

Monthly Amortization Table

Repayment
Number
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186

Opening
Balance
238,184.94
237,457.30
236,724.93
235,987.79
235,245.87
234,499.13
233,747.53
232,991.04
232,229.64
231,463.29
230,691.96
229,915.62
229,134.22
228,347.75
227,556.17
226,759.44
225,957.54
225,150.42
224,338.05
223,520.41
222,697.44
221,869.13
221,035.44
220,196.33
219,351.76
218,501.70
217,646.12
216,784.98
215,918.24
215,045.86
214,167.82
213,284.07
212,394.57
211,499.29
210,598.19
209,691.24
208,778.39
207,859.61
206,934.85
206,004.08
205,067.27
204,124.36
203,175.33
202,220.12
201,258.71
200,291.05
199,317.10
198,336.82
197,350.16
196,357.09
195,357.57
194,351.55
193,339.00
192,319.86
191,294.09
190,261.66
189,222.52
188,176.62
187,123.93
186,064.39
184,997.96
183,924.61

www.excel-skills.com.au
Mortgage
Repayment
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84

Interest
Charged

Capital Repaid

1,548.20
1,543.47
1,538.71
1,533.92
1,529.10
1,524.24
1,519.36
1,514.44
1,509.49
1,504.51
1,499.50
1,494.45
1,489.37
1,484.26
1,479.12
1,473.94
1,468.72
1,463.48
1,458.20
1,452.88
1,447.53
1,442.15
1,436.73
1,431.28
1,425.79
1,420.26
1,414.70
1,409.10
1,403.47
1,397.80
1,392.09
1,386.35
1,380.56
1,374.75
1,368.89
1,362.99
1,357.06
1,351.09
1,345.08
1,339.03
1,332.94
1,326.81
1,320.64
1,314.43
1,308.18
1,301.89
1,295.56
1,289.19
1,282.78
1,276.32
1,269.82
1,263.29
1,256.70
1,250.08
1,243.41
1,236.70
1,229.95
1,223.15
1,216.31
1,209.42
1,202.49
1,195.51

Page 8 of 11

727.64
732.37
737.13
741.92
746.74
751.60
756.48
761.40
766.35
771.33
776.35
781.39
786.47
791.58
796.73
801.91
807.12
812.37
817.65
822.96
828.31
833.69
839.11
844.57
850.06
855.58
861.14
866.74
872.37
878.05
883.75
889.50
895.28
901.10
906.95
912.85
918.78
924.76
930.77
936.82
942.91
949.03
955.20
961.41
967.66
973.95
980.28
986.65
993.07
999.52
1,006.02
1,012.56
1,019.14
1,025.76
1,032.43
1,039.14
1,045.90
1,052.70
1,059.54
1,066.42
1,073.36
1,080.33

Closing
Balance
237,457.30
236,724.93
235,987.79
235,245.87
234,499.13
233,747.53
232,991.04
232,229.64
231,463.29
230,691.96
229,915.62
229,134.22
228,347.75
227,556.17
226,759.44
225,957.54
225,150.42
224,338.05
223,520.41
222,697.44
221,869.13
221,035.44
220,196.33
219,351.76
218,501.70
217,646.12
216,784.98
215,918.24
215,045.86
214,167.82
213,284.07
212,394.57
211,499.29
210,598.19
209,691.24
208,778.39
207,859.61
206,934.85
206,004.08
205,067.27
204,124.36
203,175.33
202,220.12
201,258.71
200,291.05
199,317.10
198,336.82
197,350.16
196,357.09
195,357.57
194,351.55
193,339.00
192,319.86
191,294.09
190,261.66
189,222.52
188,176.62
187,123.93
186,064.39
184,997.96
183,924.61
182,844.27

% Capital
Outstanding
79.15%
78.91%
78.66%
78.42%
78.17%
77.92%
77.66%
77.41%
77.15%
76.90%
76.64%
76.38%
76.12%
75.85%
75.59%
75.32%
75.05%
74.78%
74.51%
74.23%
73.96%
73.68%
73.40%
73.12%
72.83%
72.55%
72.26%
71.97%
71.68%
71.39%
71.09%
70.80%
70.50%
70.20%
69.90%
69.59%
69.29%
68.98%
68.67%
68.36%
68.04%
67.73%
67.41%
67.09%
66.76%
66.44%
66.11%
65.78%
65.45%
65.12%
64.78%
64.45%
64.11%
63.76%
63.42%
63.07%
62.73%
62.37%
62.02%
61.67%
61.31%
60.95%

Monthly Amortization Table

Repayment
Number
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248

Opening
Balance
182,844.27
181,756.92
180,662.50
179,560.96
178,452.26
177,336.36
176,213.20
175,082.74
173,944.94
172,799.74
171,647.09
170,486.96
169,319.28
168,144.01
166,961.10
165,770.51
164,572.17
163,366.05
162,152.09
160,930.23
159,700.43
158,462.64
157,216.81
155,962.87
154,700.79
153,430.50
152,151.96
150,865.10
149,569.88
148,266.24
146,954.13
145,633.49
144,304.26
142,966.40
141,619.84
140,264.52
138,900.40
137,527.41
136,145.49
134,754.60
133,354.66
131,945.62
130,527.42
129,100.01
127,663.31
126,217.28
124,761.85
123,296.96
121,822.55
120,338.55
118,844.91
117,341.56
115,828.44
114,305.48
112,772.62
111,229.80
109,676.95
108,114.01
106,540.90
104,957.58
103,363.96
101,759.98

www.excel-skills.com.au
Mortgage
Repayment
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84

Interest
Charged

Capital Repaid

1,188.49
1,181.42
1,174.31
1,167.15
1,159.94
1,152.69
1,145.39
1,138.04
1,130.64
1,123.20
1,115.71
1,108.17
1,100.58
1,092.94
1,085.25
1,077.51
1,069.72
1,061.88
1,053.99
1,046.05
1,038.05
1,030.01
1,021.91
1,013.76
1,005.56
997.30
988.99
980.62
972.20
963.73
955.20
946.62
937.98
929.28
920.53
911.72
902.85
893.93
884.95
875.90
866.81
857.65
848.43
839.15
829.81
820.41
810.95
801.43
791.85
782.20
772.49
762.72
752.88
742.99
733.02
722.99
712.90
702.74
692.52
682.22
671.87
661.44

Page 9 of 11

1,087.36
1,094.42
1,101.54
1,108.70
1,115.90
1,123.16
1,130.46
1,137.81
1,145.20
1,152.64
1,160.14
1,167.68
1,175.27
1,182.91
1,190.60
1,198.33
1,206.12
1,213.96
1,221.85
1,229.80
1,237.79
1,245.84
1,253.93
1,262.08
1,270.29
1,278.54
1,286.86
1,295.22
1,303.64
1,312.11
1,320.64
1,329.23
1,337.87
1,346.56
1,355.31
1,364.12
1,372.99
1,381.91
1,390.90
1,399.94
1,409.04
1,418.20
1,427.41
1,436.69
1,446.03
1,455.43
1,464.89
1,474.41
1,484.00
1,493.64
1,503.35
1,513.12
1,522.96
1,532.86
1,542.82
1,552.85
1,562.94
1,573.10
1,583.33
1,593.62
1,603.98
1,614.40

Closing
Balance
181,756.92
180,662.50
179,560.96
178,452.26
177,336.36
176,213.20
175,082.74
173,944.94
172,799.74
171,647.09
170,486.96
169,319.28
168,144.01
166,961.10
165,770.51
164,572.17
163,366.05
162,152.09
160,930.23
159,700.43
158,462.64
157,216.81
155,962.87
154,700.79
153,430.50
152,151.96
150,865.10
149,569.88
148,266.24
146,954.13
145,633.49
144,304.26
142,966.40
141,619.84
140,264.52
138,900.40
137,527.41
136,145.49
134,754.60
133,354.66
131,945.62
130,527.42
129,100.01
127,663.31
126,217.28
124,761.85
123,296.96
121,822.55
120,338.55
118,844.91
117,341.56
115,828.44
114,305.48
112,772.62
111,229.80
109,676.95
108,114.01
106,540.90
104,957.58
103,363.96
101,759.98
100,145.58

% Capital
Outstanding
60.59%
60.22%
59.85%
59.48%
59.11%
58.74%
58.36%
57.98%
57.60%
57.22%
56.83%
56.44%
56.05%
55.65%
55.26%
54.86%
54.46%
54.05%
53.64%
53.23%
52.82%
52.41%
51.99%
51.57%
51.14%
50.72%
50.29%
49.86%
49.42%
48.98%
48.54%
48.10%
47.66%
47.21%
46.75%
46.30%
45.84%
45.38%
44.92%
44.45%
43.98%
43.51%
43.03%
42.55%
42.07%
41.59%
41.10%
40.61%
40.11%
39.61%
39.11%
38.61%
38.10%
37.59%
37.08%
36.56%
36.04%
35.51%
34.99%
34.45%
33.92%
33.38%

Monthly Amortization Table

Repayment
Number
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310

Opening
Balance
100,145.58
98,520.68
96,885.22
95,239.13
93,582.34
91,914.79
90,236.39
88,547.08
86,846.79
85,135.46
83,412.99
81,679.33
79,934.41
78,178.14
76,410.45
74,631.28
72,840.54
71,038.16
69,224.06
67,398.18
65,560.42
63,710.72
61,849.00
59,975.17
58,089.17
56,190.90
54,280.30
52,357.28
50,421.76
48,473.66
46,512.89
44,539.39
42,553.05
40,553.80
38,541.56
36,516.23
34,477.75
32,426.01
30,360.93
28,282.44
26,190.43
24,084.82
21,965.53
19,832.47
17,685.53
15,524.65
13,349.71
11,160.64
8,957.34
6,739.72
4,507.69
2,261.15
-

www.excel-skills.com.au
Mortgage
Repayment
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
2,275.84
-

Interest
Charged

Capital Repaid

650.95
640.38
629.75
619.05
608.29
597.45
586.54
575.56
564.50
553.38
542.18
530.92
519.57
508.16
496.67
485.10
473.46
461.75
449.96
438.09
426.14
414.12
402.02
389.84
377.58
365.24
352.82
340.32
327.74
315.08
302.33
289.51
276.59
263.60
250.52
237.36
224.11
210.77
197.35
183.84
170.24
156.55
142.78
128.91
114.96
100.91
86.77
72.54
58.22
43.81
29.30
14.70
-

Page 10 of 11

1,624.90
1,635.46
1,646.09
1,656.79
1,667.56
1,678.40
1,689.31
1,700.29
1,711.34
1,722.46
1,733.66
1,744.93
1,756.27
1,767.69
1,779.18
1,790.74
1,802.38
1,814.10
1,825.89
1,837.75
1,849.70
1,861.72
1,873.82
1,886.00
1,898.26
1,910.60
1,923.02
1,935.52
1,948.10
1,960.76
1,973.51
1,986.34
1,999.25
2,012.24
2,025.32
2,038.49
2,051.74
2,065.07
2,078.50
2,092.01
2,105.61
2,119.29
2,133.07
2,146.93
2,160.89
2,174.93
2,189.07
2,203.30
2,217.62
2,232.03
2,246.54
2,261.15
-

Closing
Balance
98,520.68
96,885.22
95,239.13
93,582.34
91,914.79
90,236.39
88,547.08
86,846.79
85,135.46
83,412.99
81,679.33
79,934.41
78,178.14
76,410.45
74,631.28
72,840.54
71,038.16
69,224.06
67,398.18
65,560.42
63,710.72
61,849.00
59,975.17
58,089.17
56,190.90
54,280.30
52,357.28
50,421.76
48,473.66
46,512.89
44,539.39
42,553.05
40,553.80
38,541.56
36,516.23
34,477.75
32,426.01
30,360.93
28,282.44
26,190.43
24,084.82
21,965.53
19,832.47
17,685.53
15,524.65
13,349.71
11,160.64
8,957.34
6,739.72
4,507.69
2,261.15
-

% Capital
Outstanding
32.84%
32.30%
31.75%
31.19%
30.64%
30.08%
29.52%
28.95%
28.38%
27.80%
27.23%
26.64%
26.06%
25.47%
24.88%
24.28%
23.68%
23.07%
22.47%
21.85%
21.24%
20.62%
19.99%
19.36%
18.73%
18.09%
17.45%
16.81%
16.16%
15.50%
14.85%
14.18%
13.52%
12.85%
12.17%
11.49%
10.81%
10.12%
9.43%
8.73%
8.03%
7.32%
6.61%
5.90%
5.17%
4.45%
3.72%
2.99%
2.25%
1.50%
0.75%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Monthly Amortization Table

Repayment
Number
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360

Opening
Balance

www.excel-skills.com.au
Mortgage
Repayment

Interest
Charged

Capital Repaid

382,752.94

Page 11 of 11

Closing
Balance

% Capital
Outstanding
-

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%
0.00%