Mortgage Calculator

Calculator

For those who don't want to work it by hand just input your numbers below and get your total monthly mortgage payment.


How to calculate mortgage payments

In order to figure out how much your montly mortgage payment will be, here's a formula to help you calculate mortgage payments manually:

M = (((P/n) * r) + (P/n))

M = total monthly mortgage payment
P = the principal loan amount
r = your monthly interest rate
(rate / 12)
n = number of payments over the loans lifetime
(the loan term in months)

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