Monthly Mortgage Payment Calculator
Loan Amount ($)
Please enter a positive number.
Annual Interest Rate (%)
Please enter a positive number.
Loan Term (years)
Please enter a number between 1 and 50.
Calculate
Monthly Payment:
Total Payment: $
| Total Interest: $
Formula:
M = P * (r(1+r)^n) / ((1+r)^n - 1) where r = monthly interest rate, n = number of payments.