Key Takeaways: Use Excel to get a handle on your mortgage or loan by determining your monthly payment, your interest rate, and your loan schedule.

The PPMT function in Excel returns the payment on the principal for an investment for a given period. The formula for the PPMT function is PPMT(rate, per,nper, pv,[fv], [type]).

Learn how to calculate all the particulars of a loan using Excel and how to set up a schedule of repayment for a mortgage or any other loan.