Excel Tools & Calculators
Free online tools to help with your Excel and spreadsheet tasks
Loan Payment Calculator
Calculate your monthly loan payment and create an amortization schedule like in Excel.
Monthly Payment:
$0.00
Total Payments:
$0.00
Total Interest:
$0.00
Amortization Schedule (First 5 Payments)
Payment # | Payment Amount | Principal | Interest | Remaining Balance |
---|
Excel Formula Used:
PMT(rate/12, term*12, loan_amount)
Where:
- rate is the annual interest rate (as a decimal)
- term is the loan term in years
- loan_amount is the principal amount of the loan