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 ...

Learn what present value (PV) and future value (FV) are and how to calculate present value in Excel given the future value, interest rate, and period.

The payments will be made through direct deposit, paper check or debit cards. The full credit will be available to individuals who have children and an adjusted gross income of less than $75,000.