A mortgage amortization table, Excel,
will give you a good idea of the monthly payments on a loan or
mortgage and how much in interest you will pay over the term of
the mortgage. Setting up this in Excel or any other spreadsheet
application is quiet easy.
Now you can setup the formulas yourself or you can do what I
do and download a simple template for Excel. With a template it
is just a matter of filling in the required information and you
get an instant amortization table. The information you
need to hand includes the loan amount, the interest rate and
the term of the loan in months.