Mortgage Calculator

Monthly Payment

Use any currency for the loan amount. The result uses the same currency per month.

Formula: payment = P x r x (1 + r)^n / ((1 + r)^n - 1).

Understanding Mortgage Payments

1. What This Calculator Measures

A mortgage payment spreads a loan balance over many monthly payments with interest.

2. How the Calculation Works

The calculator converts annual interest to a monthly rate and uses the standard amortization formula.

3. Formula or Rule Used

payment = P x r x (1 + r)^n / ((1 + r)^n - 1).

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