Free Amortization Schedule Printable: Tips And Tricks

Free Amortization Schedule Printable: Tips And Tricks
Amortization Schedule Template Free Word Templates from

Are you in the process of paying off a loan or mortgage? Keeping track of your payments and interest rates can be overwhelming, but luckily, there are tools available to help you out. One of those tools is a free amortization schedule printable. In this article, we’ll explore what an amortization schedule is, why you need one, and where to find free printables online.

What is an Amortization Schedule?

An amortization schedule is a table that breaks down your loan or mortgage payments into their principal and interest components. It shows you how much of each payment goes towards paying off the loan balance and how much goes towards interest. This information is helpful for understanding how much you’re paying in interest over the life of the loan and for planning future payments.

Why Do You Need an Amortization Schedule?

If you’re paying off a loan or mortgage, an amortization schedule is essential for staying on top of your payments. It can help you understand how much you’re paying in interest and how much you’ll owe in the future. With this information, you can plan ahead and make extra payments to pay off the loan faster.

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Where Can You Find Free Amortization Schedule Printables?

There are plenty of websites that offer free amortization schedule printables. One of the best is They offer a variety of templates that you can download and customize to fit your needs. Simply search for “amortization schedule” on their website and choose the template that works best for you.

Another great website for free printables is They offer a basic amortization schedule template that you can download and print for free. It’s simple and easy to use, making it a great choice for anyone who just needs a basic schedule.

Step-by-Step Guide to Creating Your Own Amortization Schedule

  1. Gather your loan or mortgage information, including the loan amount, interest rate, and term (in years).

  2. Use a loan amortization calculator to calculate your monthly payment. There are many free calculators available online.

  3. Create a table with columns for the payment number, payment date, beginning balance, payment amount, principal paid, interest paid, and ending balance.

  4. Fill in the first row of the table with the beginning balance, payment amount, and interest paid (which is calculated by multiplying the beginning balance by the monthly interest rate).

  5. Calculate the principal paid for each payment by subtracting the interest paid from the payment amount.

  6. Calculate the ending balance for each payment by subtracting the principal paid from the beginning balance.

  7. Repeat steps 4-6 for each payment until the loan is paid off.

Other Things to Consider

When creating an amortization schedule, it’s important to consider any extra payments you plan to make. These payments can help you pay off the loan faster and save money on interest. Make sure to include them in your schedule and adjust the principal paid accordingly.


Overall, a free amortization schedule printable is a valuable tool for anyone paying off a loan or mortgage. It can help you stay on top of your payments and plan for the future. Whether you choose to download a template or create your own, make sure to include all of the necessary information and consider any extra payments you plan to make.

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