Amortization Schedule for Excel

Amortization Schedule for Excel

Editors' Rating:
4.5
Outstanding
Average User Rating:
4.2
out of 25 votes
See all user reviews

Quick Specs

Version:
1.6
File Size:
109.17KB
Date Added:
May 27, 2009
Price:
Free
Operating Systems:
Windows XP/Vista
Total Downloads:
521,025
Downloads Last Week:
694
Product ranking:
Additional Requirements:
Microsoft Excel 2002

Editors' review

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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All User Reviews
  • All Versions:

    4.2

    out of 25 votes

    • 5 star: 10
    • 4 star: 10
    • 3 star: 5
    • 2 star: 0
    • 1 star: 0
  • Current Version:

    4.1

    out of 21 votes

    • 5 star: 8
    • 4 star: 8
    • 3 star: 5
    • 2 star: 0
    • 1 star: 0
  • My rating:

    0 stars

    Write review

    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

    Reply to this review

    Was this review helpful? (0) (0)

  • 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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    Was this review helpful? (1) (0)

  • 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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