Calculate Loan Payments in Google Sheets & Excel

What this pulls

Run loan math in a cell. Returns the monthly payment, total interest and more — Google Sheets or Excel.

It's one of 250+ live sources you reach with a single =VERVE() function — served from APIVerve's production data engine, billed at 1 credit per resolved cell, and refreshed on whatever cadence you set. No API keys to wrangle, no scripts, no exports.

See it in a cell

A real example — the input you type, and the values you can pull from it. Click any cell to see the formula behind it.

loanpaymentcalculator.xlsxsample data

D2fx=VERVE("loanpaymentcalculator", A2, B2, C2, "field", "downpayment")

Loan Amount

Interest Rate

Loan Term

Downpayment

Monthly payment

32000

8.5

568.91

click any cell to see its formula1 credit / cell

Ways to use it

Live financial model

Drop =VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "downpayment") into a cell and your model reads the latest number every refresh — no more pasting figures from a browser tab into a stale sheet.

Track a whole watchlist

Fill a column beside your list of tickers or currencies and every row updates together, so a hundred-row watchlist stays current on its own.

Dashboards that don't rot

Point a chart at the cell =VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "downpayment") feeds and the chart re-draws as the data moves — a finance dashboard that's live instead of a Monday-morning snapshot.

Use it in your sheet

The same function works in both apps — install once, sign in with your key, and type it into any cell.

Google SheetsAdd-on

Install from the Workspace Marketplace, then drop the formula into a cell. Autocomplete suggests the source and its fields.

=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "downpayment")

Microsoft ExcelAdd-in

Same source, same arguments, same key — in Excel on desktop, the web, or mobile. Excel namespaces it as VERVE.CALL. Drag to fill a whole column.

=VERVE.CALL("loanpaymentcalculator", 32000, 8.5, 6, "field", "downpayment")

Optional inputs

Tune the result by adding name=value before the field argument — in any order. Leave one out and its default applies.

downpayment
Amount paid up front, subtracted from the loan amount before interest is applied
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "downpayment", "5000")

Fields you can pull

Add a field name as the last argument to land just that value in the cell.

Monthly payment
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "monthly_payment")
Total interest paid
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "total_interest_paid")
Total payment
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "total_payment")
Interest Ratio
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "interestRatio")
Formatted › Loan AmountPremium
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "formatted.loanAmount")
Formatted › Monthly PaymentPremium
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "formatted.monthlyPayment")
Formatted › Total Interest PaidPremium
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "formatted.totalInterestPaid")
Formatted › Total PaymentPremium
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "formatted.totalPayment")
Amortization schedulePremium
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "amortization_schedule")
Amortization schedule › Month
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "amortization_schedule.0.month")
Amortization schedule › Interest payment
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "amortization_schedule.0.interest_payment")
Amortization schedule › Principal payment
=VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "amortization_schedule.0.principal_payment")

Premium marks data included on paid plans. On the Free plan a marked field is withheld and a marked input is ignored — either way the cell reads #PREMIUM(name) instead of a value, so a gated answer can never be mistaken for a real one. Everything unmarked works on every plan. Compare plans

Calculate Loan Payments, answered

Everything you need to wire it into a sheet.

How do I pull Calculate Loan Payments into Google Sheets?

Install the VerveSheets add-on, sign in once with your key, and type =VERVE("loanpaymentcalculator", 32000, 8.5, 6, "field", "monthly_payment") into any cell. The "field" argument names the value you want back, so the cell resolves to a single number or string you can chart, sort, or feed into another formula.

What data can I pull from Calculate Loan Payments?

Calculate Loan Payments returns monthly_payment, total_interest_paid, total_payment, interestRatio and amortization_schedule.0.month, plus 2 more — name any one of them as the "field" argument and that value lands in the cell. Leave the field out and the whole record spills into a two-column table instead.

Can I narrow what Calculate Loan Payments returns?

Yes — Calculate Loan Payments takes "downpayment" as optional inputs. They go in as "name", value pairs after the required ones, in any order, so =VERVE("loanpaymentcalculator", 32000, 8.5, 6, "downpayment", "5000") shapes the result without changing anything else.

Which Calculate Loan Payments fields need a paid plan?

formatted.loanAmount, formatted.monthlyPayment, formatted.totalInterestPaid and formatted.totalPayment, plus 1 more are included from the Starter plan up. On the Free plan the cell returns #PREMIUM(field) rather than a wrong or empty value, so it's always obvious which one to upgrade for. Every other field works on Free.

Can I fill a whole column of Calculate Loan Payments at once?

Yes. Put your loanAmount values down a column and point the formula at the range — A2:A50 instead of A2 — and one call returns a value for every row. Dragging the formula down works too, but the range form is a single billed call per column rather than one per cell.

How many credits does each Calculate Loan Payments cell cost?

Each resolved cell costs 1 credit. A cell only re-bills when it actually refreshes, so a sheet you aren't touching doesn't keep charging.

Does Calculate Loan Payments work in Excel as well as Google Sheets?

Yes — same arguments, same key, same fields. Excel namespaces custom functions, so the call is =VERVE.CALL() there and =VERVE() in Google Sheets; nothing else about it changes.

Calculate Loan Payments

Live financial model

Track a whole watchlist

Dashboards that don't rot

Calculate Loan Payments, answered

Put Calculate Loan Payments in your next spreadsheet. Add the extension, paste the formula, and the cell keeps itself current.

Scaling up?