Amortization Schedule Organize Pages For Free

We can use some of the financial functions in Google Sheets to create a loan amortization schedule easily. No matter your periodic payments are on a weekly, fortnightly, quarterly, or monthly basis, the same formulas would help.Annual Interest Rate of the Loan. Duration in Years.

View More. An amortization schedule is a table format that lists periodic payments on a loan or mortgage over a period of time. It breaks down each payment into principal and interest and shows the remaining balance after each payment.

Click here to view our Loan Amortization Schedule Spreadsheet template that we have created for you. Simply click File -> Make a Copy, so that you can edit and save your own document.The interest rate that is to be applied on the loan. The term (in years) or the time period within which the loan is to be repaid.

Enter the corresponding values in cells B1 through B3. In cell B4, enter the formula "=-PMT(B2/1200,B312,B1)" to have Excel automatically calculate the monthly payment. For example, if you had a $25,000 loan at 6.5 percent annual interest for 10 years, the monthly payment would be $283.87.

You can build your own amortization schedule and include an extra payment each year to see how much that will affect the amount of time it takes to pay off the loan and lower the interest charges.

It's relatively easy to produce a loan amortization schedule if you know what the monthly payment on the loan is. Starting in month one, take the total amount of the loan and multiply it by the interest rate on the loan. Then for a loan with monthly repayments, divide the result by 12 to get your monthly interest.

Stay on top of a mortgage, home improvement, student, or other loans with this Excel amortization schedule. Use it to create an amortization schedule that calculates total interest and total payments and includes the option to add extra payments.