![]() ![]() Loan amortization schedule. Analyze your home or car loan with this amortization schedule template. Fill in the loan amount, interest rate, term and start dates to calculate your loan information. Loan amortization schedule. 1, Excel Skills| Loan Amortization Template About this template. This template enables users to create an amortization table for any loan that is repaid on a monthly basis. The design of the template accommodates variable monthly interest rates and includes a separate sheet that enables you to perform a. Brush up on the stuff for your next or current job with this how-to. In this tutorial from everyone's favorite digital spreadsheet guru, YouTube's ExcelIsFun, the 12th installment in his 'Excel Finance Class' series of free video lessons, you'll learn how to create an interest-only loan schedule in Excel. ![]() ![]() Thanks to our nascent house hunt, I’ve been trying to back into figures on mortgages and monthly payments. Luckily, Excel has a handy just perfectly suited for this purpose. Here’s how you get to the template in Excel 2007 (which according to my is the version most readers use, if only by a hair). In Excel 2007, go to the “menu” button (the goofy-looking windows symbol in a circle) in the upper left-hand corner. Click on “New”. This will bring up the following window: Click on “Installed templates”, which will bring up seven built-in templates for you to choose from. Double-click on “Loan Amortization”. This will create a blank template for you to fill out, like so (click image below to enlarge). You can fill in data in the orange boxes, and Excel will automatically calculate monthly payments, remaining amount on the principal, remaining balance, and interest paid to date, along with several other fields in the columns below. If you choose to make extra payments, the template automatically takes those into consideration as well. In the upper right-hand area is a summary of the loan scenario, including monthly payment amount and total interest to be paid.
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