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In this video, I demonstrate how to use the Loan Amortization Schedule from Microsoft to calculate your monthly principal and interest payments when buying a home. I'll cover how to include taxes, insurance, and PMI for a comprehensive look at your total payment. Stay tuned for tips on how to add extra payments to reduce interest over time and how to understand the 28% housing rule to ensure you can afford your home. The Loan Amortization schedule video and document is available here in the NEW Lessons chapter of my Excel Intermediate online course: https://courses.chrismenardtraining.c... 00:00 Introduction and Overview 00:22 Understanding the Loan Amortization Schedule 00:57 Inputting Loan Details 01:32 Exploring Payment Breakdown 02:16 Extra Payments and Their Impact 02:48 Calculating Total Monthly Payment 03:08 Private Mortgage Insurance (PMI) 05:39 Final Payment Calculation 06:11 Bonus: 28%/36% Rule 07:00 Conclusion and Additional Resources make sure you subscribe to my channel! - EQUIPMENT USED -------------------------------- ○ My camera – https://amzn.to/3vdgF5E ○ Microphone - https://amzn.to/3gphDXh ○ Camera tripod – https://amzn.to/3veN6Rg ○ Studio lights - https://amzn.to/3vaxyy5 ○ Dual monitor mount stand - https://amzn.to/3vbZSjJ ○ Web camera – https://amzn.to/2Tg75Sn ○ Shock mount - https://amzn.to/3g96FGj ○ Boom Arm - https://amzn.to/3g8cNi6 - SOFTWARE USED -------------------------------- ○ Screen recording – Camtasia – https://chrismenardtraining.com/camtasia ○ Screenshots – Snagit – https://chrismenardtraining.com/snagit ○ YouTube keyword search – TubeBuddy – https://www.tubebuddy.com/chrismenard DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links I provide, I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel, so I can continue to provide you with free content each week!