IPMT: The IPMT function calculates the payment on interest for an investment based on constant-amount periodic payments and a constant interest rate.įVSCHEDULE: The FVSCHEDULE function calculates the future value of some principal based on a specified series of potentially varying interest rates.įV: The FV function calculates the future value of an annuity investment based on constant-amount periodic payments and a constant interest rate. Using some basic information, estimate how much you can expect to spend on mortgage payments with our mortgage calculator. NPER: The NPER function calculates the number of payment periods for an investment based on constant-amount periodic payments and a constant interest rate. PPMT: The PPMT function calculates the payment on the principal of an investment based on constant-amount periodic payments and a constant interest rate. Such as, a one-time, upfront mortgage insurance premium (MIP) and. PV: Calculates the present value of an annuity investment based on constant-amount periodic payments and a constant interest rate. The FHA mortgage calculator includes additional costs in the estimated monthly payment. On the other hand, a different type of loan of the same length might be paid quarterly, in which case the annual percentage rate should be divided by 4 and the number of payments would be 12. Simple Mortgage Payment Calculator This calculator allows you to calculate monthly payment, average monthly interest, total interest, and total payment of your mortgage. This script calculates the monthly payment of a typical mortgage contract. For example, a car loan for 36 months may be paid monthly, in which case the annual percentage rate should be divided by 12 and the number of payments is 36. This calculator requires the use of Javascript enabled and capable browsers. Ensure that consistent units are used for rate and number_of_periods.Present_value - The current value of the annuity.įuture_value - The future value remaining after the final payment has been made.Įnd_or_beginning - Whether payments are due at the end ( 0) or beginning ( 1) of each period. Number_of_periods - The number of payments to be made. PMT(rate, number_of_periods, present_value, ) The PMT function calculates the periodic payment for an annuity investment based on constant-amount periodic payments and a constant interest rate.
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