Everything You Need To Know About Mortgages

Need formula on MS Excel to make amortization calculator?

i’m making a chart of 36 payments (rows 1-36) so i need to make each column for payment (column A), interest (column B), principle (column C) and balance (column D). I just want to input the loan amount in one cell and get a result for the interest paid, principle paid and balance for all 36 payments. If you dont understand visit http://www.lenderhomepage.com/tools/mortgage-amortization-calculator.php This is what i’m trying to make on excel

This will do it:

http://web.tampabay.rr.com/temphomepage/Workbook3.xls

By the way, it’s 360payments (30 x 12), not 36. If you use 36 monthly payments, the payment amount jumps to $4,700.45

Mortgage amortization calculator

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