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Printable Amortization Schedule PDF Form

Printable Amortization Schedule PDF Form

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[Music] hi in this video I'll show you how to create an amortization schedule that has cumulative amounts so what I mean by that is let's say for example we have uh a loan here and we're paying 3% interest maybe this is a maybe this is a mortgage this is a 30-year loan and 30-year loan there's uh based on the months there's 360 months in a 30-year loan so we have our monthly payment here and we start to have cumulative payments here uh as we go through the monthly payments they're going to be the same every month but here we're going to add them up so by the time of maybe 10 months we know that we've paid 10 a little over $10,000 in addition we also have columns that show us the interest that we're paying So based on this monthly payment how much of it is interest and how much of it is paying to the principal and we also have these cumulative interest and cumulative principal payments and we have of course our prin

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