Loan Amortization Chart Template

Loan Amortization Chart as well as the tables or spreadsheets is a very popular tool which is used widely by people who get involved in mortgage industry. This kind of chart is very beneficial for them in making the right decisions in order to create more profit. Loan Amortization Chart assists those mortgage players in telling them the amount of interest to pay and the month they should make the payments. In the other hands, it will also be helpful during the time they are going to borrow money. On the other hands, if this chart is used by companies or business (particularly the small ones); it will prevent any credit debt since they can track their own position in loan.

The term Loan Amortization Chart comes mainly from the word ‘amortization’ which means regular loan payment. Thus, this chart functions in counting the monthly (or other periodical time) payment of the loan by involving other elements of mortgage and loan, such as the interest and the number of payment you have to make. It takes form of a chart or graphic which can be operated through Microsoft Excel. These current days, it is not difficult to find Loan Amortization Chart in the internet; if you wouldn’t want to make it yourself. Some are free, some others require charges.

Loan Amortization Chart Template for Excel
Loan Amortization Chart Template for Excel

How to use Loan Amortization Chart should be the most important point of this mortgage tool. To use this amortization chart, you will need to open this template in Microsoft Excel file. You will find four cells that you have to fill with your financial/bank data
– Loan Amount
– Interest Rate (in percent/year)
– Term (in month)
– Payment start date

Check this template >  Rental Property Income and Expenses Spreadsheet Template

Once you finished filling your data, you can see a loan amortization table generated automatically below data tab information where you can see your balance, principal and interest payment monthly. You will see also a chart that will show you how your the relation among those three terms. And at the right side of the worksheet, you can read a summary of your financial situation at the end of your loan payment.

This loan amortization chart should help you visualize your financial commitment when you lend your money from your bank to buy a house or a car, two most common purposes for lending money from the bank.



Using Microsoft Excel to simplify your spreadsheet tasks is not as difficult as you think. I learned how to use it in less than 24 hours and rely on internet to find the solution if I got stuck. I am not an Excel expert, but here are all useful spreadsheets I have collected and created.