Mortgage Loan Calculator
We only discuss fixed-rate home mortgages in this section because it is impossible to calculate what the interest rates will be in the future. You can get a basic idea of what the loan will start with, but remember your payments will go up or down depending on the going interest rate. By doing this the lender allows you to assume the risk of rising interest rates.
Use the fixed-rate home mortgage calculator to find out how much your monthly payment will be for a given loan value. Just enter the amount of your loan, interest rate, and term of your loan and our calculator will show you an estimated payment. This will make it easy for you to find the price range that is right for you.
If you want to use or better understand the formula used to calculate your payment see the formula in the box below.
r= interest rate
c= monthly payment
n= term of loan in months
c = (r / (1 − (1 + r) − N))P0