One of the most common cases in which Excel spreadsheets are personal are mortgage loans. This is because Excel templates are one of our great allies for organizing and collecting information. The advantages of Excel are abundant especially thanks to the different functions of Excel that help us to simplify our tasks in a useful and simple way.
How to create an amortization table for loan in Excel
Through the Excel template for mortgage loan we have the opportunity to efficiently calculate our installments and payments using an amortization table that collects all the data. Thus, the mortgage spreadsheet should compile the following points:
Payment periods.
Fees and interest payments.
Accumulated amortization.
Capital pending.
Amount of the cancellation fee.
Cancellation fee.
We must also take into account other factors related to the interest rate or any other fixed expenses. In addition, if you wish you can also benefit from the Excel template for home accounting so you can extract all the cats you make throughout the year and above all to save on your personal finances as much as possible.
Free Mortgage Template in Excel
Below you will find available a mortgage loan model in Excel so you can customize it based on your needs. Do not wait any longer and make the most of this free spreadsheet with which you can control your payment periods and start simulating your loan from the repayment chart in few steps.
