How do you find the time period of a loan amortization?

It’s relatively easy to produce a loan amortization schedule if you know what the monthly payment on the loan is. Starting in month one, take the total amount of the loan and multiply it by the interest rate on the loan. Then for a loan with monthly repayments, divide the result by 12 to get your monthly interest.

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Accordingly, how do I calculate how many months it will take to pay off a loan in Excel?


  1. The rate argument is the interest rate per period for the loan. For example, in this formula the 17% annual interest rate is divided by 12, the number of months in a year.
  2. The NPER argument of 2*12 is the total number of payment periods for the loan.
  3. The PV or present value argument is 5400.
In respect to this, how do I calculate how many months left on my mortgage? The formula goes like this: B = (PMT/R) x (1 – (1/(1+R)^N) In the formula, “B” is the principal balance, “PMT” is the monthly payment for principal and interest and “N” is the number of months remaining.

Herein, how do I calculate remaining loans in Excel?

Here’s how:

  1. In Excel, create the labels needed for the structure of the worksheet. …
  2. Type =NPER( into the cell where the function should be placed. …
  3. Click or type the cell that contains the interest rate, and then type a comma. …
  4. Click or type the cell that contains the payment amount, and then type a comma.

How do I find the remaining balance on my mortgage?

You can easily see if this exists by simply calling the county clerk’s office or by visiting their website. Those that have a page like this will list the property information, date of default and the balances owed on each of the mortgages on the property.

How do you calculate amortization?

Amortization Calculation

You’ll need to divide your annual interest rate by 12. For example, if your annual interest rate is 3%, then your monthly interest rate will be 0.0025% (0.03 annual interest rate ÷ 12 months). You’ll also multiply the number of years in your loan term by 12.

How do you calculate monthly amortization in the Philippines?

How to Calculate Monthly Payment on a Loan?

  1. a: Loan amount (PHP 100,000)
  2. r: Annual interest rate divided by 12 monthly payments per year (0.10 ÷ 12 = 0.0083)
  3. n: Total number of monthly payments (24)

How do you calculate remaining term on a loan?

The remaining term refers to the number of months still outstanding on a loan. To calculate the remaining term, one simply deducts the number of payments made from the original term. The original term refers to the number of payments required to pay off the loan.

How do you solve amortization problems?

What is the outstanding balance of a loan?

An outstanding balance is the total amount still owed on a loan.

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