Mortgage Calculator

Calculate your monthly mortgage payments

🏠 Loan Details

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (years)

💰 Payment Details

📊Formula

Monthly Payment = [P × r × (1 + r)^n] / [(1 + r)^n - 1]

💡How it works

P = Principal (loan amount), r = monthly interest rate, n = total number of payments. This formula calculates the fixed monthly payment for a mortgage loan.