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 ...

You can also use a biweekly loan amortization template to figure out how your payments and schedule differs by making half-payments every two weeks instead of 12 whole payments in a year.

Learn how a mortgage amortization schedule works, calculate your monthly payments, and see how your payments are applied to principal and interest over time.

Key Takeaways : The PMT function in Excel is essential for calculating loan repayments and creating an amortization schedule. The PMT function computes loan payments based on constant payments and ...

Enter the loan's annual interest rate in cell A1 of Microsoft Excel. As an example, you might enter "6%". Enter the length of the mortgage in cell A2.