Exceltemplates.org – Looking for a right and affordable house requires a lot of consideration. This is so as every house comes with various rates. As the rates are different and you have a limited budget to fund this investment, a calculator to help you is very helpful. Mortgage is usually the easiest and most available method of funding a house. This mortgage payment calculator in Microsoft Excel is the solution for you. It tells you at the end of the calculation, the amount of mortgage you will be paying for a particular house if you decide to go ahead. This also includes details of total mortgage you will be paying in terms of years and the total interest payment until you complete repayment.
Mortgage is a system that was first introduced by insurance companies to help potential home owners fund the homes they dream to have. Renting may seem cheaper but the truth remains, everyone would love to have a home of their own to settle down in and raise their family.
How to Calculate Mortgage Payment using Microsoft Excel
Counting mortgage with the Mortgage Payment Calculator is the best. It only takes a few seconds and the results are always accurate. If you have not signed in for a home but plan to fund one through mortgage, enter the amount of mortgage you are provided and the interest rate that is asked of you. Don’t forget to enter the period of mortgage payment in the count of years. This will determine the following: monthly payment of mortgage, total payment of mortgage through the years and the sum of the interest payment. As easy as that you will have projected a mortgage payment plan for your home. If this is the house of your dreams then any mortgage plan is worth it.
Using Microsoft Excel to simplify your spreadsheet tasks is not as difficult as you think. I learned how to use it in less than 24 hours and rely on internet to find the solution if I got stuck. I am not an Excel expert, but here are all useful spreadsheets I have collected and created.
