Amortization Schedule for Excel

Amortization Schedule for Excel

Download Editors' Rating:
5
Spectacular
Average User Rating:
4.2
out of 25 votes

Quick Specs

  • Version:
    1.6.3
  • Total Downloads:
    532,177
  • Date Added:
    June 09, 2012
  • File Size:
    109.17KB
  • Downloads Last Week:
    551
  • Operating Systems:
    Windows XP/Vista

Editors' Review

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Loan Amortization Schedule for Excel is, no surprise, an XLS file that has loan amortization formulas embedded in it. Distributed as a ZIP file with the XLS sheet and a couple of text files (release notes and license agreement), there's no installation process to follow. Just open the XLS file with Excel (or compatible program) and you're good to go.

The layout of the first sheet is simple: space at the top for loan mount, interest rate, term, and a few other details like payment frequency and compounding period. You just enter your information to see the monthly payment along with an amortization schedule. There's no ability to load two or more sets of data on the one sheet allowing for comparisons, but it does have the flexibility to perform any type of loan amortization and payment we can think of. A second sheet on the XLS file is used for storing actual payments made, so you can see progress against the amortization schedule. We doubt most people will actually use the second sheet, once the payments are set up, but it's a nice touch if you can prepay or are late paying and want to see the resulting numbers.

There are a lot of Web sites that provide similar calculators, but the ability to play "what-if" in the comfort of your own home with an Excel spreadsheet is a nice option. Loan Amortization Schedule for Excel is free and is sure to be of use for those who are crunching the numbers for loan options. It's nicely done, simple to use, and easy to understand.

 
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Publisher's Description

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User Reviews
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Results 1-4 of 4

  • 5 stars

    "Great Amortization"

    July 15, 2013   |   By WPHughes1

    Version: Amortization Schedule for Excel 1.6.3

    Pros

    Does it all

    Cons

    Password Protected

    Summary

    MANY THANKS TO reconbomber for the password your the best

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  • 5 stars

    "Outstanding! Unlock Password is AAABAABAABA["

    June 28, 2013   |   By reconbomber

    Version: Amortization Schedule for Excel 1.6.3

    Pros

    Love this sheet. Works nicely.

    Cons

    Don't like that you can't copy and paste certain cells because it's protected by password. The good thing is Excel is terrible at protecting passwords. The password for this sheet to unprotect it is AAABAABAABA[

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  • 4 stars

    "Just what I was looking for!"

    October 17, 2012   |   By gemini531mn

    Version: Amortization Schedule for Excel 1.6.3

    Pros

    Easy to use.

    Cons

    None so far.

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  • 4 stars

    "Nice little program"

    June 10, 2012   |   By mossyoaks

    Version: Amortization Schedule for Excel 1.6.3

    Pros

    Provides loan information with a minimum of input. Simple to use; I don't see a 'learning curve' issue. You can be inputting data in minutes.

    Cons

    For what it's designed to do -- none.

    Summary

    While the functionality of the program is good, it does have limitations. It saves the user the trouble of creating a spreadsheet to accomplish the same task. However, if one has experience in creating spreadsheets, they can easily create one that will give the same results with a great deal more flexibility. I'd class this program as great for someone that doesn't understand spreadsheets, doesn't know algebra (for formulas) or simply has a limited use for loan details/data.

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  • Results 1-4 of 4

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    Full Specifications

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    General
    Publisher Vertex42
    Publisher web site http://www.vertex42.com
    Release Date June 09, 2012
    Date Added June 09, 2012
    Version 1.6.3
    Category
    Category Productivity Software
    Subcategory Personal Finance Software
    Operating Systems
    Operating Systems Windows XP, Windows, Windows Vista
    Additional Requirements Microsoft Excel 2003 or greater
    Download Information
    File Size 109.17KB
    File Name LoanAmortizationSchedule.zip
    Popularity
    Total Downloads 532,177
    Downloads Last Week 551
    Pricing
    License Model Free
    Limitations Not available
    Price Free

    Previous Versions:

     
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