The tutorial shows how to build an amortization schedule in Excel to detail periodic payments on an amortizing loan or mortgage. This finance video tutorial explains how to create an amortization table in excel.Loan period in years, 1, Actual number of payments, 10. Loan Amortization Schedule outlines the interest and principal payments owed on a mortgage, including the outstanding balance. The tool dynamically calculates the period wise debt servicing based on payment frequency annual, biannual, quarterly or monthly. This spreadsheet creates an amortization schedule for a fixed-rate loan, with optional extra payments. An amount per time period consistent with the payment schedule of the lease contract.