# Loan Calculator - calculated and compounding daily charged monthly including fees

#### Jking0191

##### New Member
Hi,

I am struggling to create a loan calculator where it takes in to account different values/fees that get added on a monthly/yearly basis. This probably makes no sense at all. but here's a break down of what I am trying to create using the info below.

If I lend someone today a loan for:
\$100,000
1. Comes with an initital establishment fee of \$1000
2. set up fee of \$500
Each month they are charged:
1. monthly fee of \$100
2. an interest that is:
3. 7.2% per annum
4. It is calculated daily and charged monthly
Each year they are charged
1. Annual compliance fee: \$198
At the intervals of:
1. 5 years
2. 10 years
3. 15 years

What do they owe me?
Please note: This would be calculated based on the assumption that a person makes no payments at all.

Thank you

#### Dave Patton

##### Well-known Member
try
T202103a.xlsm
ABCDE
1Loan100,000.00
2Establishment fee1,000.00
3Setup500.00
5Monthly fee100.00
6Compliance annual fee198.005
7Interest7.2%0.0001973153,952.55
8Term5
9153,986.03
10Principal101,700.0033.48
11123-Mar-21102,421.90
12223-Apr-21103,128.01
5a
Cell Formulas
RangeFormula
C7C7=B7/365
E7E7=FV(B7/12,B8*12,0,-C10)+FV(B7/12,B8*12,-B5,0)+FV(B7,B8,-B6)
E9E9=VLOOKUP(E6*12,A11:C500,3)
E10E10=E9-E7
C10C10=SUM(B1:B4)
C11:C12C11=ROUND(C10*(B12-B11)*\$C\$7+\$B\$5+C10,2)+(MOD(A11,12)=0)*\$B\$6
B12B12=EDATE(B11,1)

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#### Dave Patton

##### Well-known Member
a little cleaner
T202103a.xlsm
ABCD
1Loan\$100,000.00
2Establishment fee\$1,000.00
3Setup\$500.00
5Monthly fee\$100.00
6Compliance annual fee\$198.00
7Interest7.2%0.00019730.074424
8Term5
9
10Principal23-Mar-21101,700.00
11123-Apr-21102,421.90
12223-May-21103,128.01
5a
Cell Formulas
RangeFormula
C7C7=B7/365
D7D7=(1+B7/12)^12-1
C10C10=SUM(B1:B4)
B11:B12B11=EDATE(B10,1)
C11:C12C11=ROUND(C10+C10*(B11-B10)*\$C\$7+\$B\$5+(MOD(A11,12)=0)*\$B\$6,2)

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