Mortgage Payment Calculator


Instructions: Compute the required monthly mortgage payment, by indicating the total loan amount, the nominal annual interest rate (\(r\)), and the number of years to repay the loan (\(n\)). You will be shown step-by-steps calculations as well as a full amortization schedule:

Loan Amount =
Annual Interest Rate \((r)\) =
Number of years \((n)\) =

Mortgage Payment Calculator

More about the this monthly mortgage payment calculator so you can better understand how to use this solver: The monthly payment that needs to be made in order to repay loan of \(\$L\), with a rate of \(r\) in \(n\) years is computed using the following formula:

\[ P = \displaystyle \frac{\frac{r}{12} L \left(1 + \frac{r}{12} \right)^{N} }{ \left(1 + \frac{r}{12} \right)^{N} -1 } \]



In case you have any suggestion, or if you would like to report a broken solver/calculator, please do not hesitate to contact us.

log in

reset password

Back to
log in