Financial Schedules- Amortization Schedule

An amortization schedule is a table detailing each periodic payment on an amortizing loan, as generated by an amortization calculator. Amortization refers to the process of paying off a debt over time through regular payments.


Dynamic Amortization Schedule

This Dynamic Amortization Schedule is built on the Static Amortization Schedule example.

Two columns (Annual Interest Rate and Additional Payment) have been added to the Table.

Shaded areas can be changed.

If the interest rate changes, the user can enter the new rate in Annual Interest Rate Column. Each cell extracts Interest Rate from top cell.
Additional payments are entered in the Additional Payment Column. These payments are applied to the Principal Amount.
I have used some icons and pictures from different sources which have been written on template.
Some Excel functions including Sequence, EDate, PMT have been used in this template.

This template is consisted of two parts:
1 – Data Entry Area
2 – Result Area
In Data Entry Area, Purchase Price, Down Payment, Annual Interest Rate, Term and Loan Date information subject to changes. These areas are shaded.
The difference between Purchase Price and Down Payment is a payment which is used in Amortization Schedule and can be find on Amount Financed cell of Data Entry Area.

PMT function gives us Monthly Payment.
Rate is given on yearly basis. We divided it by 12 to find on monthly basis.
Term also is given in years and multiplied by 12 to find in months.
I have used Sequence Function to find the number of terms in months under Payment Number Column.

Users can see Monthly Payment under Payment Column which is extracted from Data Entry Area on the on E15 Cell. In the following cells, I used the below written formula:
Balance*Interest_Rate/12 give us Interest Amount which can be found under Interest Column.

Reviews Add a review
No reviews yet

More From Ilgar Zarbaliyev

Browse our top rated business templates. See All
 This report includes the necessary analyzes according to some characteristics of the people who made and participated in the job…
 Hello, This report is consisted of four pages. 1-Supplier Quality Metrics 2-Supplier Quality Regional 3-Top - Bottom Analysis 4-Downtime Analysis…
Sales_Analysis_Reportin Power BI
Hello, After participating in Enterprise DNA programs, I prepared reports on three topics in Power BI. The first report I…
Data Table: It is a range of cells where one column consists of a series of values, called input cells…
                                     What-If Analysis…
Women Volleyball Teams_2018
This template covers women volleyball players' information of 16 countries in 2018.   Template is consisted of 4 sheets: -Cover…
See All