Mortgage CalculatorMortgage Dictionary -> Mortgage Calculator
If you want to calculate your monthly mortgage payments you can use our Mortgage Calculator presented below. You will have to enter 4 values in order to calculate your monthly mortgage payments. The Property Price field is the the price you'll be paying for the house. The Down payment field the amount of funds you put down towards the house purchase. The Interest Rate field is the mortgage annual interest rate. The Term in Years field specify the mortgage loan duration (30 years for example).
After entering the 4 fields described above and clicking the Calculate Mortgage Payment button you will get your monthly mortgage payment (principal + interest) in the Monthly Payment field.
- The calculations used in our mortgage calculator assume that the interest rate remains constant during the life of the mortgage
- The interest charges are compounded monthly.
- We do not offer financial advice and we do not guarantee the accuracy of the above calculations.
- You should not rely on this mortgage calculator alone for estimating your mortgage payments and interest fees.