Using Microsoft Excel as a Loan Amortization Calculator

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Video duration: 7:18
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The great thing about Microsoft Excel’s Loan Amortization spreadsheet is that it’s FREE. You can download the template right here if you want it: (or open up your version of Excel to find the template).

The downside about this option is that it only does one thing – and it’s VERY basic (too basic, in my opinion). You can plug in the loan amount, term of the loan (i.e. – the time period in which the loan needs to be paid back), interest rate and – other than creating a simple amortization schedule (which…

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