The formula for the PMT function is PMT(rate,nper,pv,[fv], [type]). In this tutorial, we want to find the monthly payment. Open Microsoft Excel. Use an existing table or create a table.

It’s one of the Excel functions I wish I knew ... 20 years You can now use the monthly mortgage payment using the following function. =PMT(9.5%/12, 20*12, 5000000) Overall, you can use the ...

Microsoft Excel contains a function for calculating the equity and interest payments, which you can modify to include PMI and taxes. How to Convert an Annual Interest Rate to a Monthly Rate.

More specifically, I will explain the Future Value (FV) and Number of Periods (NPER) functions in Microsoft Excel ... you have a $10,000 loan with a monthly payment of $300, and an annual interest ...

Here's how to do the math on a mortgage payment. When it comes to your monthly mortgage payment, you're not just paying off the sticker price of the home. Your payment typically covers the ...