Mortgage Calculator

What it does

Solves the standard fixed-rate mortgage payment using amortization math.

How to use it

Enter loan principal, annual interest rate, and term in years or months as labeled.

Formula

Payment = P × [r(1+r)^n] / [(1+r)^n − 1], where r is periodic rate and n is number of payments.

Example

$300,000 at 6% APR for 30 years → roughly $1,799/month principal and interest (rounded).

FAQs