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Mortgage Calculator

Finance

Calculate mortgage payments

About Mortgage Calculator

Calculate monthly mortgage payments for home loans including principal and interest.

How to Use:

  1. Enter the home purchase price
  2. Enter your down payment amount
  3. Enter the annual interest rate
  4. Enter loan term in years (typically 15 or 30)
  5. Get your monthly payment amount

Formula Used:

Monthly Payment = [P × r(1+r)^n] / [(1+r)^n - 1] where P=loan amount, r=monthly rate, n=total payments

Examples:

  • $400,000 home, $80,000 down, 5% rate, 30 years → $1,718/month

Common Use Cases:

  • Home buying
  • Refinancing decisions
  • Budget planning
  • Real estate investment
  • Affordability analysis

Key Features:

  • ✓ Standard mortgage industry calculations
  • ✓ Accounts for down payment automatically
  • ✓ Works with any loan term and interest rate
  • ✓ Essential for home buying decisions
  • ✓ Helps determine affordability limits

Mortgage Calculator Tool

Frequently Asked Questions

Is this Mortgage Calculator free to use?

Yes, our Mortgage Calculator is completely free to use. No registration, payment, or subscription required.

How accurate are the mortgage calculator calculations?

Our calculator uses precise mathematical formulas and algorithms to ensure accurate results for all your finance calculations. The formula used is: Monthly Payment = [P × r(1+r)^n] / [(1+r)^n - 1] where P=loan amount, r=monthly rate, n=total payments

What can I use this mortgage calculator for?

This calculator is perfect for: Home buying, Refinancing decisions, Budget planning, Real estate investment, Affordability analysis. It's designed for both personal and professional use.

Can I use this on mobile devices?

Yes, our Mortgage Calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers. The interface adapts to your screen size for optimal usability.

Do you store my calculation data?

No, we don't store any of your input data or calculation results. All calculations are performed locally in your browser for complete privacy and security.

Should I use these results for financial decisions?

This calculator provides estimates to help with planning. For important financial decisions, consider consulting with a qualified financial advisor or professional.