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