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Ultimate Template - Excel & Google Sheets

Ultimate Loan Amortization Spreadsheet Template for Google Sheets & Excel

Two loans run at once, each named and each with its own dated schedule, and the summary reads back the combined monthly payment, a blended rate across the pair and the date the last of them finishes. The Ultimate Loan Amortization spreadsheet template puts what extra payments actually change on a sheet of its own. Six working sheets and two charts. One file, Google Sheets and Excel. No macros, no VBA.

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Loan Amortization Spreadsheet Template - Ultimate version for Google Sheets and Excel

What's Included

  • Two loans carried at once, each with its own full schedule
  • A name for each loan, so the summaries read as your borrowing
  • The combined monthly payment across both
  • A blended rate - the average across the two loans
  • A combined payoff date, when the last of them finishes
  • Interest saved by extra payments on Loan 1, and the months they take off the term, on a sheet of its own
  • Both loans set side by side with a combined column
  • Two charts on the dashboard
  • Works in Microsoft Excel and Google Sheets with no macros required

The FinancialAha Ultimate Loan Amortization Spreadsheet Template for Google Sheets and Excel is a six-sheet workbook that carries two loans at once, with a How to Use guide on a seventh tab. It ships as an Ultimate Loan Amortization Excel template and an Ultimate Loan Amortization Google Sheets template in one file. This Ultimate Loan Amortization spreadsheet template gives each loan its own dated schedule, reports the combined monthly commitment and the blended rate across them, and shows what extra payments actually change. No macros, no VBA.

Inside the workbook

What's inside the FinancialAha Ultimate Loan Amortization spreadsheet template

The FinancialAha Ultimate Loan Amortization Spreadsheet Template runs on six working sheets - one you type into, five that report back - plus the guide. It works in both Microsoft Excel and Google Sheets and here is what the Ultimate Loan Amortization spreadsheet holds.

  1. 01 of 06

    Dashboard

    Both loans in one view: the total still owed, what they cost together each month, the interest the two carry between them, the part of that interest extra payments avoid, and the average rate across the pair. A breakdown table underneath sets the two out row by row - balance, rate, term, payment, extra and payoff each - with a combined line beneath. That blended rate is the figure a borrower with more than one loan rarely has to hand, and it is what makes the pair comparable with a single consolidated alternative.

    FinancialAha Loan Amortization spreadsheet template - Dashboard sheet

  2. 02 of 06

    Loan Setup

    Where both loans are defined, each with its own name so the sheets that follow read as your borrowing rather than as loan one and loan two. Amounts, rates, terms, start dates and any extra payments all live here, which means testing a change on either loan is a single edit rather than a rebuild.

    FinancialAha Loan Amortization Google Sheets template - Loan Setup sheet

  3. 03 of 06

    Amortization - Loan 1

    The first loan's full schedule, dated, with each payment split into principal and interest, any extra applied on top, and the balance running down. Giving each loan its own sheet rather than stacking them keeps both readable at full length.

    FinancialAha Loan Amortization Excel template - Amortization - Loan 1 sheet

  4. 04 of 06

    Amortization - Loan 2

    The second loan on exactly the same layout, so the two can be compared row for row. Loans taken at different times and different rates behave quite differently over their lives, and seeing both schedules is what makes that concrete.

    FinancialAha Loan Amortization spreadsheet - Amortization - Loan 2 sheet

  5. 05 of 06

    All Loans Summary

    The two set side by side with a combined column, in two blocks: what leaves the account each month and across a year, then what each loan costs over its whole life - balance, interest and the two added together. It is the borrowing taken as a whole rather than loan by loan, which is the frame the question needs when the choice is which loan to put spare money against.

    Loan Amortization spreadsheet Excel view - All Loans Summary sheet

  6. 06 of 06

    Extra Payment Impact

    What paying more actually changes, on two grids built on Loan 1 rather than in a sentence: one reporting the interest a given extra payment avoids, the other the months it takes off the term, both read across a range of starting balances around Loan 1's own figures. It is the difference between believing extra payments help and seeing what a particular amount is worth.

    Loan Amortization Google Sheet - Extra Payment Impact sheet

  7. Included guide

    How to Use

    A step-by-step guide on its own tab, covering setup, how the two loans are configured, what each schedule column means, and how the combined figures are built. Because it ships inside the file, the instructions travel with the template wherever it is opened.

Works in both Google Sheets and Excel

Ultimate Loan Amortization Spreadsheet template for Google Sheets

Upload the Ultimate Loan Amortization Spreadsheet Template to Drive, right-click it, and choose "Open with Google Sheets". This Ultimate Loan Amortization Google Sheets template needs no conversion step and both charts survive the trip intact. The cross-sheet references that build the combined figures rely on the existing tab names, so those are worth leaving alone.

Ultimate Loan Amortization Google Sheets template setup

A shared copy of the Ultimate Loan Amortization Google Sheets template suits a household carrying more than one loan between them, where the combined monthly commitment matters more than either loan alone. Sheets version history covers a figure typed over.

Sharing the Ultimate Loan Amortization Google Sheet

The Ultimate Loan Amortization Google Sheet is built for sittings rather than a routine: set both loans up once, then change an extra payment and read what it does to the combined payoff date and the interest saved.

Ultimate Loan Amortization Spreadsheet template for Excel

The Ultimate Loan Amortization spreadsheet Excel download is a plain .xlsx. Excel opens this Ultimate Loan Amortization Excel template directly, with no import step and no compatibility prompt, and both charts are native Excel charts that redraw as the inputs change. There are no macros and no VBA in the file, so it opens without a security warning.

Ultimate Loan Amortization Excel template setup

The same Ultimate Loan Amortization Excel template opens in Excel on Windows, Excel on Mac, and Excel for the web. It is also the identical file you would upload to Drive, so there is no separate Ultimate Loan Amortization spreadsheet download to choose between.

Ultimate Loan Amortization spreadsheet Excel notes

The Ultimate Loan Amortization spreadsheet Excel file carries no macros and no VBA, so Excel opens it without a trust prompt. The same Ultimate Loan Amortization spreadsheet Excel download also opens in Excel for the web, which matters when you move between a work machine and a personal one.

Opening the Ultimate Loan Amortization spreadsheet Excel file

Nothing in the Ultimate Loan Amortization Excel template is version-specific, so this Ultimate Loan Amortization spreadsheet Excel workbook behaves identically in Excel on Windows, Excel on Mac, and older builds.

Spreadsheet template highlights

What the Ultimate Loan Amortization spreadsheet template tracks

Both schedules share one layout, and the summary sets them against each other. These are the columns the Ultimate Loan Amortization Spreadsheet Template works from:

Loan Name
a label for each loan, so the sheets read as your borrowing
Date
the calendar month each payment falls in
Payment auto
derived, the scheduled principal and interest
Principal auto
derived, the part reducing the balance
Interest auto
derived, the part going to the lender
Extra Payment
the additional amount applied to that loan
Total Payment auto
derived, the scheduled amount plus the extra
Remaining Balance auto
derived, what is left on that loan
Combined auto
derived, both loans taken together on the summary

Compare builds

FinancialAha Loan Amortization spreadsheet template: Free, Essentials, and Ultimate compared

Feature Free View Spreadsheet Template Essentials View Spreadsheet Template Ultimate This page
Working sheets 1 3 6
Loans handled One One Two, side by side
Monthly payment Yes Yes Per loan and combined
Amortization schedule – Dated, every payment One per loan
Extra payments – Yes Yes, with an impact sheet
Payoff date – Yes Combined across both
Charts – 2 2
Interest per unit borrowed – Yes –
Blended rate – – Across both loans
Side-by-side summary – – Yes

The FinancialAha Ultimate Loan Amortization Spreadsheet Template covers six working sheets and carries two loans rather than one. The Free Loan Amortization Spreadsheet Template returns the monthly payment and the totals with no schedule behind them. The Essentials Loan Amortization Spreadsheet Template for Google Sheets and Excel produces the full dated schedule for a single loan with extra payments and a payoff date. This build gives each of two loans its own schedule, names them, reports the combined monthly commitment and the blended rate across both, and puts what extra payments change on a sheet of its own - which is the view that actually helps when the question is which loan to put spare money against.

Compare the other builds: Free Loan Amortization spreadsheet template or the Essentials Loan Amortization spreadsheet template .

Good to know

Notes on working in the Ultimate Loan Amortization spreadsheet template

  • The blended rate is the figure a borrower with two loans rarely has to hand, and it is what makes the pair comparable with a single alternative.
  • Each loan gets its own schedule rather than sharing one, so both stay readable at full length.
  • Naming the loans is worth doing - the summary reads as your borrowing rather than as loan one and loan two.
  • The extra payment sheet works off Loan 1's rate and term and reports what a particular amount is worth there, rather than asserting that paying more helps.
  • The currency dropdown sits on the Dashboard and relabels money columns across the whole Ultimate Loan Amortization spreadsheet. It changes the label only and does not convert the numbers.
  • The combined payoff date on the dashboard is the later of the two loans' own payoff dates, read live from the schedules behind them - not a figure typed in.

How to Use This Template

1

Name and enter both loans

On Loan Setup, give each loan a label and enter its amount, rate, term and start date.

2

Add any extra payments

Set the additional amount against either loan, or both.

3

Read each schedule

Every payment on each loan, dated and split between principal and interest.

4

Compare and decide

The summary sets both against each other, and the extra payment sheet reports what an additional amount is worth on Loan 1.

Stress-tested with AI.

Every template starts with deep research into how people actually track the topic. We design the layout, build the formulas, and polish the design until it feels like something we would use ourselves. Along the way, we use AI to stress-test the calculations: unusual inputs, edge cases, and formula behavior, checked until the numbers hold.

One-time purchase. No subscription. Works in Excel & Google Sheets.

Frequently Asked Questions

Is the FinancialAha Ultimate Loan Amortization Spreadsheet Template a Google Sheets template?

Yes. Upload the file to Drive and choose "Open with Google Sheets". The Ultimate Loan Amortization Google Sheets template needs no conversion step and both charts survive the trip intact. The cross-sheet references rely on the existing tab names, so those are worth leaving alone.

Is the FinancialAha Ultimate Loan Amortization Spreadsheet Template an Excel template?

Yes. The download is a plain .xlsx, so the Ultimate Loan Amortization Excel template opens directly in Excel with no import step. Both charts are native Excel charts, and there are no macros or VBA.

Will the FinancialAha Ultimate Loan Amortization spreadsheet Excel file open in older versions of Excel?

Yes. The Ultimate Loan Amortization spreadsheet Excel workbook ships as a plain .xlsx, so it opens identically in current Excel and in builds that predate dynamic arrays.

How many loans does the Ultimate Loan Amortization spreadsheet handle?

Two, each with a schedule of its own rather than sharing one, which keeps both readable at full length. They are set side by side with a combined column on the summary.

What is the blended rate in the Ultimate Loan Amortization spreadsheet template?

The average rate across the two loans, weighted by what is still owed on each. It is a figure a borrower carrying more than one loan rarely has to hand, and it is what makes the pair comparable with a single consolidated alternative.

What does the extra payment sheet in the Ultimate Loan Amortization spreadsheet template show?

Two grids, both built on Loan 1's rate and term. The first reports the interest a given extra amount avoids, the second the months it takes off the term, both read across a range of starting balances. They report the numbers rather than asserting that paying more helps, which is the difference between believing it and seeing what it is worth.

Why name the loans in the Ultimate Loan Amortization spreadsheet template?

So the summary and dashboard read as your own borrowing rather than as loan one and loan two. It costs one field on the setup sheet and makes every sheet after it easier to read.

What does the combined payoff date in the Ultimate Loan Amortization spreadsheet template mean?

When the later of the two loans finishes. Someone carrying two loans is not free of either until then, and that date is not obvious from looking at the schedules separately.

What do I get after buying the Ultimate Loan Amortization spreadsheet template?

You receive the Ultimate Loan Amortization spreadsheet template as an Excel file (.xlsx) that works in Microsoft Excel and Google Sheets. Download it immediately after purchase - no signup or account required.

Is there a free Ultimate Loan Amortization spreadsheet template?

Yes. A free version of the Ultimate Loan Amortization spreadsheet template is available with basic features. The Ultimate version adds advanced analysis, more capacity, and additional sheets.

What if the Ultimate Loan Amortization spreadsheet template does not work for me?

Contact us and we will help troubleshoot. The Ultimate Loan Amortization spreadsheet template works in Microsoft Excel and Google Sheets with no macros required.

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Instant download after purchase
No macros or VBA required
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