This finance video tutorial explains how to create an amortization table in excel. Loan Amortization Schedule outlines the interest and principal payments owed on a mortgage, including the outstanding balance.Step 1: Set up your amortization table. Open a new Excel sheet and create input cells for the known components of your loan. This Microsoft Excel template illustrates how to create a loan amortization schedule, as well as dealing with additional payments and variable interest rates. The Housing Credit Program is designed to increase the supply of quality, affordable rental housing through federal income tax credits.