# How to calculate mortgage payment in excel

## What is the formula for a mortgage payment in Excel?

Calculate the monthly payment.

To figure out how much you must pay on the mortgage each month, use the following formula: “= -PMT(Interest Rate/Payments per Year,Total Number of Payments,Loan Amount,0)”. For the provided screenshot, the formula is “-PMT(B6/B8,B9,B5,0)”.

## What is the formula for calculating monthly mortgage payments?

If you want to do the monthly mortgage payment calculation by hand, you’ll need the monthly interest rate — just divide the annual interest rate by 12 (the number of months in a year). For example, if the annual interest rate is 4%, the monthly interest rate would be 0.33% (0.04/12 = 0.0033).30 мая 2019 г.

## How do you find the monthly payment in Excel?

To do this, we configure the PMT function as follows:

1. rate – The interest rate per period. We divide the value in C6 by 12 since 4.5% represents annual interest, and we need the periodic interest.
2. nper – the number of periods comes from cell C7; 60 monthly periods for a 5 year loan.
3. pv – the loan amount comes from C5.

## How do you calculate payment in Excel?

=PMT(17%/12,2*12,5400)

1. The rate argument is the interest rate per period for the loan. For example, in this formula the 17% annual interest rate is divided by 12, the number of months in a year.
2. The NPER argument of 2*12 is the total number of payment periods for the loan.
3. The PV or present value argument is 5400.

## What is the formula for calculating a 30 year mortgage?

Example: \$500,000 mortgage loan at 5 percent interest for 30 years making 12 payments a year — one per month. Multiply 30 — the number of years of the loan — by the number of payments you make each year. For example, 30 X 12 = 360. You are making 360 payments over the course of the loan.

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## What is Nper function in Excel?

The NPER function is categorized under Excel Financial functionsFunctionsList of the most important Excel functions for financial analysts. … The function helps calculate the number of periods that are required to pay off a loan or reach an investment goal through regular periodic payments and at a fixed interest rate.

## How do you calculate mortgage payments?

To figure your mortgage payment, start by converting your annual interest rate to a monthly interest rate by dividing by 12. Next, add 1 to the monthly rate. Third, multiply the number of years in the term of the mortgage by 12 to calculate the number of monthly payments you’ll make.

## What is the payment on 100k mortgage?

An example: If your mortgage balance starts out at \$100,000 and your loan is written at 5% interest, the 30-year term requires a monthly payment of \$536.83. Over 30 years, the total of all payments adds up to just under \$193,259.

## How can I pay off my mortgage in 5 years?

How to pay off a mortgage in 5 years

1. The basics of paying off a mortgage in 5 years.
2. Set a target date.
3. Make larger or more frequent payments.
4. Cut back on your other spending.
6. When you shouldn’t pay your mortgage in 5 years.

## How do you calculate maximum loan in Excel?

Enter “=PV(A1,A2,A3)” in cell A4 to calculate the maximum amount of the loan. Because this value expresses a debt, it appears red and parenthesized.

## How do you calculate Nper in Excel?

Excel NPER Function

1. Summary. …
2. Get number of periods for loan or investment.
3. The number of periods.
4. =NPER (rate, pmt, pv, [fv], [type])
5. rate – The interest rate per period. …
6. You can use the NPER function to get the number of payment periods for a loan (or an investment), given the amount, the interest rate, and a periodic payment amount.
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## How do I calculate loan duration in Excel?

Here’s how:

1. In Excel, create the labels needed for the structure of the worksheet. …
2. Type =NPER( into the cell where the function should be placed. …
3. Click or type the cell that contains the interest rate, and then type a comma. …
4. Click or type the cell that contains the payment amount, and then type a comma.