It’s beneficial for auto, personal, and home loans, and can help you see the results of extra payments you make or consider making. This allows you to see the entire loan from start to finish. You can also see how much you still owe on the loan at any given time with the outstanding balance after a payment is made. What Is an Amortization Schedule?Īn amortization schedule, sometimes called an amortization table, displays the amounts of principal and interest paid for each of your loan payments. We’ll show you several templates that make creating this schedule easy so that you can track your loan. If you want an easy way to view the schedule for your loan, you can create an amortization table in Microsoft Excel.
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