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Finally, we get the interest payments for each of the payments.To get all the interest payments for 10 consecutive periods, locate the fill handler drag it down, and then release the mouse.We have this value positive as we put a negative sign in front of the loan amount in the formula. The above formula calculates the interest payment for the first loan payment.But the per argument which represents the period number in column B uses relative cell reference so that it can adjust the value. Here we need to use absolute cell references for rate, nper, and pv as they remain unchanged over the time period of 10 years. We’ll use the PMT function to calculate the Payment per Period using the following data:Ĭ6*E6 = Number of Payment Periods (nper) = Loan Period * Payments per Period= Cell 10*1=10Ĭ7 = Interest Rate (rate) = Annual Interest Rate/ Payments per Period =. This is the amortization table, we are going to fill up with loan schedule data. We’ll calculate a loan schedule for an amount of 500,000 dollars at an annual rate of 5% over a time period of 10 years. 1.1 Initial Set-up for Amortization TableĪt first, we need to set up the data for our amortization table. Let’s follow the steps to make it happen. To create a loan amortization schedule in Excel we need to use several functions to calculate the payment per period, the interest paid per payment, and the principal paid per payment to show the remaining balance after each payment until it reaches a null value. Create Amortization Table for Loan Schedule in Excel Using the PMT, PPMT, IPMT Functions 4 Different Methods to Create an Amortization Table in Excel 1.