Estimate mortgage payment
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Estimate mortgage payment
To calculate an estimated mortgage payment in Excel with a formula, you can use the PMT function. In the example shown, the formula in C11 is: =PMT(C5/12,C6*12,-C9) With the inputs in the worksheet as shown, the PMT function determines a monthly payment of 2,994. This is the calculated monthly payment for a 30-year mortgage with an interest ...
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