3 ways to create a mortgage calculator with microsoft excel your loan amount value is the total amount you owe your annual interest rate value is the percentage of interest that accrues each year your life loan value is the amount of time you have in years to pay off the loan your number of payments per year value is how many times you make a payment in one year how do i calculate mortgage payments in excel enter the number of months in the loan term in cell b3 most mortgages are for either 15 or 30 years enter 180 for a 15 year mortgage or 360 for a 30 year loan if your loan is for some other number of years simply multiply that number by 12 and enter the result in cell b3 how to calculate mortgage payments in excel invest excel next you’ll need to calculate the interest rate per payment type it into excel as illustrated in the screengrab below step 3 calculate the mortgage payment the magical figure – the amount of money per payment – is then calculated with excel’s pmt function the full syntax is described here and the loan amount how to calculate monthly mortgage payment in excel to calculate monthly mortgage payment you need to list some information and data as below screenshot shown then in the cell next to payment per month $ b5 for instance enter this formula =pmt b2 b4 b5 b1 0 press enter key the monthly mortgage payments has been displayed see screenshot tip how to calculate a monthly loan payment in excel mortgage if you re not an expert in using microsoft excel then calculating a monthly loan payment using the program can seem intimidating the good news is that it s relatively simple to do
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