Listed below are other spreadsheets by that use an amortization table to both display results and perform calculations.
This excel template has been carefully designed to deliver an easy-to-use tool that distills. In that article, I explain what happens when a payment is missed or the payment is not enough to cover the interest due. This calculator is for a 10-year lease and associating accounting. If you are wanting to create your own amortization table, or even if you just want to understand how amortization works, I'd recommend you also read about Negative Amortization. To get started, I would recommend downloading the Simple Amortization Chart template.
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. My article ' Amortization Calculation' explains the basics of how loan amortization works and how an amortization table or 'schedule' is created. Learn how to create a simple amortization chart with this example template.
