Loan Amortization Table for Changing Annual Payment

Input Data
Initial loan balance
Interest rate (%)
Loan life (yrs)

$100,000
9.00%
15
Year no
5
11

Payment increment: Step 1

Payment increment: Step 2
Required initial annual payment

Increment
10.00%
20.00%

$11,231

Year

Year-beg
Balance

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

100,000
97,769
95,338
92,688
89,799
85,528
80,871
75,796
70,264
64,234
57,662
48,027
37,525
26,078
13,600

Annual
Interest
Payment Component
11,231
11,231
11,231
11,231
12,354
12,354
12,354
12,354
12,354
12,354
14,824
14,824
14,824
14,824
14,824

9,000
8,799
8,580
8,342
8,082
7,697
7,278
6,822
6,324
5,781
5,190
4,322
3,377
2,347
1,224

Principal
Repaid

Year-end
Balance

2,231
2,431
2,650
2,889
4,272
4,656
5,075
5,532
6,030
6,573
9,635
10,502
11,447
12,477
13,600

97,769
95,338
92,688
89,799
85,528
80,871
75,796
70,264
64,234
57,662
48,027
37,525
26,078
13,600
0

Year

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