Excel formula for mortgage payment, interest and principal

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  • How to calculate total payments in excel

    • Ppmt formula in excel.

    PMT function in Excel

    The PMT function in Excel calculates the payment for a loan based on constant payments and a constant interest rate. This page contains many easy to follow PMT examples.

    PMT examples

    Consider a loan with an annual interest rate of 6%, a 20-year duration, a present value of $150,000 (amount borrowed) and a future value of 0 (that's what you hope to achieve when you pay off a loan).

    1.

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    • The PMT function below calculates the annual payment.

    Note: if the fifth argument is omitted, it is assumed that payments are due at the end of the period. We pay off a loan of $150,000 (positive, we received that amount) and we make annual payments of $13,077.68 (negative, we pay).

    2.

    The PMT function below calculates the quarterly payment.

    Note: we make quarterly payments, so we use 6%/4 = 1.5% for Rate and 20*4 = 80 for Nper (total number of periods).

    3. The PMT function below calculates the monthly payment.

    Note: we make monthly payments, so we use 6%/12 = 0.5% for Rate and 20*12 = 240 for Nper (total number of periods).

    Consider an investment with an annu

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