This finance video tutorial explains how to create an amortization table in excel. This Microsoft Excel template illustrates how to create a loan amortization schedule, as well as dealing with additional payments and variable interest rates.Ryan O'Connell, CFA, FRM shows how to create a loan amortization table in Excel. 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. Often overlooked is the amortization schedule when calculating payments. You can get quotes from up to five lenders in minutes through LendingTree. Then input a loan term in years and the payment interval. Paying off your car loan early allows you to get back what you would've paid in interest. This college cost and savings calculator projects future college costs and financial aid, so you can plan how much to save in a 529 plan each month.