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:
    534,367
  • Date Added:
    June 09, 2012
  • File Size:
    109.17KB
  • Downloads Last Week:
    421
  • 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, Windows Vista, Windows XP
Additional Requirements Microsoft Excel 2003 or greater
Download Information
File Size 109.17KB
File Name LoanAmortizationSchedule.zip
Popularity
Total Downloads 534,367
Downloads Last Week 421
Pricing
License Model Free
Limitations Not available
Price Free

Previous Versions:

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