This finance video tutorial explains how to create an amortization table in excel. This short video shows how to easily create a simple amortization table in Excel.Step 1: Set up your amortization table. Open a new Excel sheet and create input cells for the known components of your loan. This example teaches you how to create a loan amortization schedule in Excel. 1. We use the PMT function to calculate the monthly payment on a loan. 8 Loan Amortization Schedule: This example teaches you how to create a loan amortization schedule in Excel. Please fill out this field. I finally figured out how to make the amortization schedule calculate for biweekly payments. Screens 1 2:Excel Spreadsheet Fill in the second row below with the formula used for each calculation on the spreadsheet.