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how to prepare amortization schedule in excel 10 steps edit article how to prepare amortization schedule in excel an amortization schedule shows the interest applied to a fixed interest loan and how the principal is reduced by payments amortization schedule calculator this is an amortization schedule calculator you can use to see your amount and payment schedule of your loan this calculator is one of the most popular calculator that you can find in many internet websites either online or in excel file amortization calculator amortization schedule shows amount paid to principal and interest you can print or save schedules with annual and running totals supports 9 payment tables with dates due including normal balloon canadian and fixed principal more loan amortization schedule in this article we will learn about how to calculate the loan amortization schedule in excel to calculate loan payment we will use the “rate” “nper” “pv” “pmt” “ppmt” and “ipmt” formulae loan amortization schedule in excel easy excel tutorial this example teaches you how to create a loan amortization schedule in excel 1 we use the pmt function to calculate the monthly payment on a loan with an annual interest rate of a 2 year duration and a present value amount borrowed of $20 000 we have named the input cells