Mortgage Calculator

Calculate your monthly mortgage payment based on loan amount, interest rate, and term.

Loan Amount ($)

Annual Rate (%)

Term (Years)

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How to Use

Enter loan amount, annual interest rate, and loan term in years. Click Calculate to see your monthly payment and total interest paid.

Using the formula M = P[r(1+r)^n]/[(1+r)^n-1] where P is principal, r is monthly rate, and n is number of payments.