The tutorial covers entering loan details, calculating payments using the payment formula, and setting up the amortization table. This finance video tutorial explains how to create an amortization table in excel.Create a printable amortization schedule with dates to see how much principal and interest you'll pay over time. Step 1: Set up your amortization table. Open a new Excel sheet and create input cells for the known components of your loan. Use the PPMT function to calculate the principal part of the payment. The amortization schedule shows how your monthly mortgage payment is split between interest and principal over the duration of the loan. This calculator will help you figure out your regular loan payments and it will also create a detailed schedule of payments. Paying off your car loan early allows you to get back what you would've paid in interest. Use our home equity line of credit (HELOC) payoff calculator to figure out your monthly payments on your home equity line based on different variables.