Mortgage Payment Calculator for Microsoft Excel for Mac

Used Mortgage Payment Calculator for Microsoft Excel for Mac?

Mortgage Payment Calculator for Microsoft Excel Analysis

AI Assisted Content · June 11, 2026

Not written by CNET Staff.

Mortgage Payment Calculator for Microsoft Excel is a free productivity tool designed for Mac users, focusing on simplifying the mortgage calculation process. This software allows users to easily calculate monthly mortgage payments based on principal, interest rates, and loan terms, ensuring accurate financial planning. The user-friendly interface integrates seamlessly with Microsoft Excel, enabling users to create personalized amortization schedules and visualize their payment plans effectively.

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In addition to basic calculations, the software provides options for adjusting variables such as down payments and loan durations, offering flexibility for various financial scenarios. Its compatibility with Excel makes it convenient for users who prefer working within a spreadsheet environment, allowing for further data manipulation and analysis. Overall, this tool serves as a valuable resource for individuals looking to manage their mortgage-related finances efficiently.

Mortgage Payment Calculator for Microsoft Excel for Mac

Used Mortgage Payment Calculator for Microsoft Excel for Mac?

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Full Specifications

GENERAL

Release: March 17, 2013

Latest update: June 11, 2026

Version: 2.0

OPERATING SYSTEMS

Platform: Mac

Operating System

Mac OS X 10.5
Mac OS X 10.7
Mac OS X
Mac OS X 10.3
Mac OS X 10.6
Mac OS X 10.4
OS X 10.8

Additional Requirements: Microsoft Excel 2003 or greater

POPULARITY

Total Downloads: 5,528

Downloads Last Week: 0

Report Software

Program available in other languages

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User Reviews

2/5

2 User Votes

Does what it says it does
mostundudelikeOctober 22, 2010
Pros
Does exactly what it says (for most users.) Attractive interface.
Cons
Somewhat limited, Requires excel.
Summary
If you want to look at financing options, this is a good free tool.
Too limited
macKiwiOctober 15, 2010
Pros
It will help to calculate your mortgage repayments if you pay monthly
Cons
It is no good if you pay your mortgage on any other basis such as fortnightly or even weekly. Also it needs facilities to accommodate the following: interest rate adjustments term adjustments advance or lump sum payments during the mortgage.
Summary
The program itself needs to have an option for monthly or fortnightly payments. I guess it has been written in the US and there it may be common for monthly payments but elsewhere, banks do offer alternative payment schedules such as fortnightly, resulting in 26 payments a year instead of just 12 (which makes quite a difference on the calculations). As for variations caused by rate changes, term changes or voluntary repayments, the easiest solution might be to break the schedule at the last payment and begin the calculations all over again. Therefore a set of instructions how to do this within this spreadsheet may be useful. After doing this, the program would possibly have a more universal application.

Developer’s Description

Calculate your mortgage payment and compare mortgage scenarios.

Mortgage Payment Calculator for Microsoft Excel lets you enter your loan amount and mortgage repayment terms (i.e. years, interest rate, payment frequency, etc) and it then calculates and displays your payment amount and amortization schedule. You can also compare different mortgage scenarios side-by-side to see what might work best for you.