Loan Payment Calculator Template

Calculate your monthly mortgage and loan payments automatically.

What you get

• Start Here sheet with instructions on how to input your loan details
• Main table with input cells for principal amount, annual interest rate, and loan term in years or months
• Automatic formulas that calculate monthly payment, total payments, and total interest
• Dropdown lists for selecting loan terms (15, 20, 30 years) and rounding options
• Summary sheet displaying key numbers like monthly payment, total cost, and a simple bar chart comparing principal vs. interest
• Bar chart of the key money figures on the Summary sheet

Why you will like it

• Accurately calculate monthly payments based on principal, interest rate, and loan term
• See total interest paid over the life of the loan instantly
• Generate an amortization schedule showing how much is paid toward principal vs. interest each month

Made for

People in the United States looking for a ready-made spreadsheet to calculate loan payments.

How it works

1. Enter your loan amount, interest rate, and desired term into the input cells on the main table.
2. The spreadsheet will automatically calculate your monthly payment and total interest.
3. Review the Summary sheet to see a visual breakdown of your payments over time.
4. Use the dropdown menus to quickly switch between different loan terms or rounding preferences.

Format: Excel file (.xlsx). Works in Microsoft Excel, Google Sheets and LibreOffice. Instant download after purchase.

Designed by ABDALLAT & CO Enterprises with AI-assisted tools and checked before release. Questions or problems? Email [email protected].