Free Amortization Schedule Template for Mortgages and Loans
Download a professional, ready-to-use amortization schedule to easily track loan payments, interest, and principal breakdowns — perfect for mortgages, car loans, leases, and more.
Understand, Customize, and Use Your Amortization Schedule with Confidence
An amortization schedule is a detailed table that outlines each periodic loan payment, showing how much goes toward interest and how much reduces the principal balance. Whether you’re managing a mortgage, auto loan, or business financing, this schedule helps you understand the true cost of borrowing and plan your finances more effectively.
This free amortization schedule template from QuickPolicies.com is designed to make loan tracking simple. It's ready, fully customizable, and suitable for a wide range of loan types — from fixed-rate mortgages to lease agreements. You’ll gain clear visibility into your payment timeline, interest expenses, and remaining balances.
Perfect for accountants, business owners, and homeowners alike, this tool can help you compare loan options, prepare for refinancing, or simply gain better control over your long-term obligations. With clear columns and pre-set formulas, it takes the guesswork out of financial planning.
What Is an Amortization Schedule?
An amortization schedule is a structured plan that breaks down each loan payment into interest and principal portions over time. It helps you see how much of your payment reduces the actual loan balance and how much goes toward interest. As the loan progresses, the interest portion decreases while the principal portion increases — a key feature of amortized loans.
How to Calculate Amortization
The calculation uses the loan amount, interest rate, and loan term. Each payment is computed to ensure the loan is fully paid off by the end of the term. You can use the formula: A = P × (r(1 + r)^n) / ((1 + r)^n – 1), where A is the payment, P is the principal, r is the monthly interest rate, and n is the number of payments.
Why Excel Is Ideal for Amortization Schedules
Excel allows you to input variables like loan amount, rate, and term, and instantly generates the full amortization schedule. With built-in formulas and editable cells, you can test different scenarios — such as making extra payments — to see how they reduce interest or shorten the loan term.
Clarity, Control, and Smarter Financial Decisions
An amortization schedule isn't just a table — it’s a financial roadmap. It empowers borrowers and businesses to fully understand how each payment impacts loan balance and interest over time. By using a structured schedule, you gain the ability to forecast your financial obligations, make informed decisions about refinancing, and see the impact of extra payments before committing. Whether you’re paying off a mortgage, car loan, or business lease, this tool helps you stay proactive and minimize interest costs in the long run.
Everything You Need to Track, Customize, and Understand Your Loan Payments
- Pre-built amortization table with monthly breakdown of principal and interest payments
- Fully editable format to adjust loan amount, interest rate, and term as needed
- Automatic recalculations when making extra payments or changing repayment frequency
- Includes mortgage, car loan, lease, and line-of-credit tracking configurations
- Formatted for clear printing or PDF export to share with clients or lenders
Designed for Homeowners, Professionals, and Small Business Owners Alike
Start Managing Your Loan Payments with Confidence
Download your free amortization schedule template today and take control of your loan strategy. Whether you're a homeowner, entrepreneur, or advisor, this easy-to-use Excel file helps you plan ahead, track every payment, and optimize your interest savings - all in one place.
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