![]() For example, if you hover your mouse over the Additional Payments cell, an explanation of its function will pop up. ![]() Below the loan information and summary is the amortization schedule, which is displayed clearly for the user.Ĭertain cells in the sheet show red flags if you hover over these cells, you will get an explanation of what each cell represents. ![]() A summary is provided about your information, including the rate, number of payments, total payments and estimated interest savings. After you input your loan information, the spreadsheet calculates your monthly payment. It can complete an amortization schedule for any type of loan. The worksheet is formatted with built-in formulas, so all you have to do is put in your loan information. The Loan Amortization Schedule worksheet for Excel is a tool used for loan calculations.
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