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 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 ...