Creating a custom mortgage amortization chart in minutes is a simple process that can be accomplished using built-in spreadsheet templates or by writing four core financial formulas in Microsoft Excel or Google Sheets.
An amortization chart breaks down every monthly payment to show exactly how much goes toward the lender’s interest versus lowering your principal balance. Method 1: The 60-Second Template Method
The fastest way to build a chart is by using pre-configured software templates. Open a new spreadsheet in Microsoft Excel or Google Sheets. Navigate to the template gallery by selecting File > New. Search for “Amortization” in the search bar. Select “Loan Amortization Schedule” and click Create.
Input your specific numbers into the designated setup block (Loan Amount, Interest Rate, and Loan Term) to let the sheet instantly build your chart. Method 2: Build a Custom Table From Scratch
Building your own table allows you to add custom features like tracking extra principal payments or modeling adjustable rate resets. Step 1: Set Up the Inputs
In a blank sheet, dedicate cells in Column B to your baseline mortgage variables: How To Create an Amortization Table In Excel
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