Unbelievably, the very first Excel template I downloaded from the internet was a loan amortization spreadsheet. Since then, I’ve learned how much more productive I can be when I don’t have to start from scratch, and I hope this page will give you a head start. This page provides a list of the top resources for Excel amortization spreadsheets that you can use to create your own amortization table or schedule. Advertisement.

## Loan Amortization Table – Templates

Try one of the calculators listed below if you need a spreadsheet to create an amortization table for a loan or mortgage. There are some of my most powerful and flexible templates. The majority of Vertex42’s amortization calculators have the ability to include optional extra payments, which gives them greater flexibility and utility than most online calculators. Of course, a spreadsheet also allows you to save your results.

You can select from a range of payment frequencies using this spreadsheet, including Weekly Payments, Monthly Payments, Bi-Weekly Payments, Quarterly Payments, and Annual Payments. It is very neat, expert, and accurate, but it only works for fixed-rate loans and mortgages.

makes a table of amortization for both fixed-rate and adjustable-rate mortgages. Of all my amortization calculators, this one is by far the most feature-rich. Through years of use and feedback from experts and regular homebuyers, it has been honed and improved.

Despite the fact that it may appear to be similar to the standard loan amortization schedule, of thee a personal property of the sa of theo.strading the the. the… and a a of the s s t a news a new record Advertisement.

Utilize this sample amortization chart to learn how to create one.

## Creating an Amortization Table

My article “Amortization Calculation” explains the basics of **how loan amortization works** and how an amortization table or “schedule” is created. You can delve deep into the formulas used in my Loan Amortization Schedule template listed above, but you may get lost, because that template has a lot of features and the formulas can be complicated.

I suggest downloading the Simple Amortization Chart template to get started.

I’d advise you to read about negative amortization if you want to create your own amortization table or even just understand how amortization works. In that article, I describe what transpires when a payment is missed or insufficient to cover the owed interest.

### See Also:

Listed below are other spreadsheets by Vertex42. com that both calculates and displays results using an amortization table

The amortization table in this template ends after a predetermined number of payments, which makes it distinctive. The amount needed to make the last payment, also known as the balloon payment,

This spreadsheet is comparable to the “simple interest loan” calculator because interest typically accrues daily for revolving lines of credit (like a credit card or HELOC), but it also allows you to include additional draws in addition to the initial loan amount.

Although I made this one before the mortgage calculator mentioned above, if you are interested in the formulas, this one might be simpler to dig into.

You can also find a **free excel loan amortization spreadsheet** by doing a search in Excel after going to File > New. Some of them use creative Excel formulas for making the **amortization table** and a couple allow you to manipulate the **schedule** by including extra payments. The new online Microsoft template gallery doesnt have as many loan-related templates as the old gallery, but you can still find a few in the Financial Management category.

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## FAQ

**How do you amortize a car loan?**

**How to Calculate Your Auto Loan Amortization**

- Multiply your loan’s interest rate by your outstanding loan balance.
- Divide by 12.

**How do I create an amortization schedule in Excel?**

**Now, let’s go through the process step-by-step.**

- Set up the amortization table. Create the input cells where you will enter the known elements of a loan to begin with:
- Calculate total payment amount (PMT formula) …
- Calculate interest (IPMT formula) …
- Find principal (PPMT formula) …
- Get the remaining balance.

**How do I amortize a loan in Excel?**

Enter the corresponding values in cells B1 through B3. Enter the formula “=-PMT(B2/1200,B3*12,B1)” in cell B4 to have Excel compute the monthly payment for you. For example, if you had a $25,000 loan at 6. 10 years at 5% per year would require monthly payments of $283. 87.

**What is an amortization schedule for a car?**

The process of gradually repaying your auto loan is known as amortization. In an amortizing loan, a portion of each monthly payment is applied to the principal (the loan’s total amount) and a portion is used to pay the finance charge (the interest).