Stunning mortgage payment calc in excel
- EXCEL MORTGAGE CALCULATOR
- IN ORDER TO USE THE ABOVE EXCEL MORTGAGE CALCULATOR, SIMPLY ENTER YOUR MORTGAGE...
When you take out a fixed-rate mortgage to buy or refinance a home, your lender takes three numbers and plugs them into a formula to calculate your monthly payment. Those three numbers are your principal, or the amount of money you're borrowing; your interest rate; and the number of months in your loan term. You can quickly create a spreadsheet in Microsoft Excel to perform the calculation for you--and, in the process, gain a greater understanding of just how a mortgage loan works. Type "Principal" into cell A1 on the Excel worksheet.
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