Amortization Schedule for Excel

Amortization Schedule for Excel

Download Editors' Rating:
4.5
Outstanding
Average User Rating:
4.2
out of 25 votes

Quick Specs

  • Version:
    1.6
  • Total Downloads:
    521,025
  • Date Added:
    May 27, 2009
  • Price:
    Free

Editors' Review

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Choosing your major financial purchase can be dreamy (stucco or stone? sun roof or tinted windows?) but the dream can quickly morph into a nightmare when trying to determine just how much money your loan will actually cost over time. The Amortization Schedule for Excel gives you the basic information you need so you can see just how much your dream will actually cost over time.

This freeware tool is very easy to use. Just plug in your numbers (loan amount, loan term, and interest rate) and voila, an amortization schedule quickly appears. You can easily change the variables, too. Just enter information into any box and the schedule will automatically reset to your new terms. This flexibility is especially useful if you choose to apply extra payments toward your principal at any point during your loan. (And, yes, this also works if you neglect to make that payment.) Check the rounding box and the schedule will round to the nearest cent, which lets you compare your results with many other amortization schedule programs.

The Amortization Schedule for Excel is very matter-of-fact, which is probably what you want in such a sobering enterprise as the spending of your hard-earned money. This schedule is for fixed rate loans only, and accommodates up to 780 payments, generous enough for most loans, weekly and otherwise. This is truly an amortization schedule; look elsewhere if you want a calculator that includes other expenses such as anticipated taxes and insurance.

No need to install the Amortization Schedule for Excel as it is already accessible after extraction. And what it lacks in pizzazz, this simple utility makes up for with solid data and ease of use.

 
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Publisher's Description

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User Reviews
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Results 1–10 of 21

5 stars

"Fabulous! Easy for anyone to use."

January 09, 2012  |  By wolflr

 |  Version: Amortization Schedule for Excel 1.6

Pros

Ease of use.

Cons

None--it was exactly what I was looking for.

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4 stars

"Great Schedule!"

December 17, 2011  |  By Johndee519

 |  Version: Amortization Schedule for Excel 1.6

Pros

Runs Smooth

Cons

Can't think of any

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4 stars

"Simple, straightforward, free"

November 15, 2011  |  By DSHornet

 |  Version: Amortization Schedule for Excel 1.6

Pros

It does exactly what I need very simply. Why make it more complicated than necessary? I had it figured out in one minute, max.

Cons

Not quite intuitive at first, but the learning curve is very quick.

Summary

What's not to like? Plug in the numbers and save!

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4 stars

"It works as it shoudl"

November 11, 2011  |  By four01kman

 |  Version: Amortization Schedule for Excel 1.6

Pros

Easy to use

Cons

None I can find yet

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4 stars

"Basic simple no bling-bling"

September 06, 2011  |  By MyshieldX

 |  Version: Amortization Schedule for Excel 1.6

Pros

The schedule is nothing fancy. It does what is says.

Cons

Not able to input actual payment amount. Therefore, the amounts will not compare exactly as the billing statement.

Summary

Provide enough information to determine what to expect.

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5 stars

"Amortization Schedule and Prepayment Calculator. A+"

July 16, 2011  |  By Bystrika

 |  Version: Amortization Schedule for Excel 1.6

Pros

Gives me allowance to add additional prepayments for each month

Cons

No total line after additional prepayment field filled out, but it's not that important.

Summary

straight, down to the point, gets the job done right and fast.

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3 stars

"OK for basic amortization"

April 25, 2011  |  By lartross

 |  Version: Amortization Schedule for Excel 1.6

Pros

works well

Cons

doesn't allow missed payments, actual date of payment, year end summaries...

Summary

I needed a full service amortization program and wound up buying one.

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5 stars

"Easy, simple, accurate"

January 23, 2011  |  By dmsoulis

 |  Version: Amortization Schedule for Excel 1.6

Pros

Minimum data to enter to see results, flexible to work with additional lump sum payments

Cons

None I could see.

Summary

Excellent tool /spreadsheet to use in Excel if you need an amortization table.

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5 stars

"30% DISCOUNT COUPON found today"

January 10, 2011  |  By dawsonagh

 |  Version: Amortization Schedule for Excel 1.6

Pros

Powerful and easy-to-use personal finance software.

Cons

Nothing to dislike.

Summary

I tried a lot of personal finance software, but this one is really the best. It supports many new functions.
http://download.cnet.com/neutral-trend-trademax-premier/3000-2047_4-10976959.html

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5 stars

"Very nice spreadsheet application"

December 13, 2010  |  By cajain

 |  Version: Amortization Schedule for Excel 1.6

Pros

2 different ways to keep track of loan payments. I like the 2nd sheet much better.

Cons

I graph would have been great addition, but i like the fact that it does the job we need without frills.

Summary

Very easy to use and very handy tool

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Results 1–10 of 21

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Full Specifications

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What's new in version 1.6
Version 1.6 can make multiple copies of the loan schedule within the same workbook allowing you to compare different loans.
General
Publisher Vertex42
Publisher web site http://www.vertex42.com
Release Date May 27, 2009
Date Added May 27, 2009
Version 1.6
Category
Category Productivity Software
Subcategory Personal Finance Software
Operating Systems
Operating Systems Windows, Windows Vista, Windows XP
Additional Requirements Microsoft Excel 2002
Download Information
File Size 109.17KB
File Name LoanAmortizationSchedule.zip
Popularity
Total Downloads 521,025
Downloads Last Week 694
Pricing
License Model Free
Limitations Not available
Price Free

Previous Versions:

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