News

Enter "=PMT(A1/12,A2*12,A3)-A4-A5/12" in cell A6 to calculate your monthly payment. The result appears parenthesized and red, which indicates a negative value, or cost. Advertisement ...
Calculate Monthly Mortgage Payments in Excel. Spreadsheet programs, such as Microsoft Excel and Google Sheets, include a payment function that can calculate the principal and interest on a mortgage.
If you are calculating monthly payments, rather than annual payments, enter "=rate/12" and replace "rate" with the actual rate, such as "=0.06/12". If this is the variable you wish to calculate ...
M is the monthly mortgage payment, which is the number you want to find; P is the principal loan amount, or $225,000; r is your monthly interest rate, or 0.005; n is number of monthly payments, or 360 ...
Use Excel to get a handle on your mortgage or loan by determining your monthly payment, your interest rate, and your loan schedule. You can take a more in-depth look at the breakdown of a loan ...