Key Takeaways: Use Excel to get a handle on your mortgage or loan by determining your monthly payment, your interest rate, and your loan schedule.

You're ready to… Calculate your loan monthly payment with PMT The payment formula (PMT) shows what your monthly loan payment will be for any student loan, given the three piece of information above.

In cell B4, enter the formula "=-PMT (B2/1200,B3*12,B1)" to have Excel automatically calculate the monthly payment.For example, if you had a $25,000 loan at 6.5 percent annual interest for 10 ...

How to Calculate a Loan's Monthly Payment in Excel With Tax & PMI. Your monthly loan payment consists of more than just equity and interest payments. If you didn't put down at least 20 percent ...

Discover 7 powerful Excel functions that will revolutionize your workflow, automate tasks, and save you hours of time. From ...

Calculate monthly mortgage payments in Excel. Spreadsheet programs, such as Excel and Google Sheets, include a payment function that can calculate the principal and interest on a mortgage.

Learn more about the loan-to-value (LTV) ratio, what the ratio measures, and how to calculate the loan-to-value ratio using Microsoft Excel.

Loan payment formula There are a few different formulas you can use to calculate loan payments and costs. These formulas can apply to student loans, car loans, your mortgage payment and more.

Knowing how to calculate your loan payments and costs can help you choose the best loan for your short- and long-term financial plans if you’re considering borrowing money.

Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.

You can't have too many Excel tips. These cover some handy shortcuts, and useful functions for calculation payments or generating random numbers.