Forum Discussion
Loan Amortization template
I am using the loan amortization template. I entered all the information for the loan, but it only calculates and displays 10 payments. I can manually enter the next payment number and it calculates and displays the info for that payment. How can I get it to fill in the table without manually entering every payment?
Take a look at this little example (file), believe that this will help you 🙂
I would be happy to know if I could help.
Nikolino
I know I don't know anything (Socrates)
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I'm looking for the same answer. I want to see all of the payments for the duration of the loan.
Pat_Mutzabaugh I am also looking for the same thing and see no good answer yet! Seems like the template simply needs to be fixed. I suppose you could add a new tab for each set of 10 payments but that's a lot of work when the problem seems to be the person who created the template. I wish they'd get on here and answer the question. I have a 3 year loan with 12 monthly payments per year so I should have 36 payments and a 0 balance at the end but I only have 10 payments. It makes no sense.
Hi MMoorman11, Pat_Mutzabaugh, Bk4hire
If you talk about the following Loan Amortization Schedule template:
IMHO the template works as expected. BUT, the Table (starting row #13) initially consists of 10 rows + the header (Payment Number, Payment Date...), hence the only 10 payments you get by default
If you have more than 10 payments, just increase the number of rows of that Table by resizing it (see para. Resize an entire table manually in Resize a table, column, or row), that's it 🙂
A 36 months loan amortization ex. is attached (No change applied, just resized the Table)
2022-07-24 Edit: Added a Conditional Formatting rule + a note on Actual number of payments. If the cell is highlighted there's not enough rows in the table ==> Resize it
- And it is just that simple! Drag the lower right corner of the table down until all of the payments you want displayed are shown. Then use the format painter to copy the cell format and apply to the new area. Thanks!
- "the template"
There are many templates out there which purport to calculate payment schedules. I'd be happy to forward your suggestion to the Microsoft team responsible for templates that Microsoft produces or distributes--there are others that they don't, of course--but would need to know which template is the one you are talking of.- When I open Excel and go to templates, it is the template that says Loan Amortization template. There are not "many", only that one.
Easy fix, go to the empty cell just below your last month, in my case it went to month 10, in the box below 10, type in month 11, and repeat on down the column and it solves your problem. Have a great day. SOrry only a couple of years late on an answer.
- I am looking for an Loan Amortization template that works a little differently. I need to be able to plug in a dollar amount, add a percentage and have it do compound interest for every month for unlimited years. This is for property Liens that are on record that have not been paid.
