Monthly Mortgage Payment Calculator

Category	Financial ↺
Financial	Mortgage and Real Estate ↺
Mortgage-And-Real-Estate	Mortgage ↺

✖Mortgage Amount is a regularly scheduled payment which includes principal and interest paid by the borrower to the lender of the home loan.ⓘ Mortgage Amount [Mortgage Amt]			+10% -10%
✖Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.ⓘ Interest Rate [i]			+10% -10%
✖Compounding Periods is the number of times compounding will occur during a period.ⓘ Compounding Periods [n]			+10% -10%

✖The monthly payment is the amount a borrower is required to pay each month until a debt is paid off.ⓘ Monthly Mortgage Payment [p]

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< ⎙ 14 Other formulas that you can solve using the same Inputs

Certificate of Deposit

Certificate of Deposit=Initial Deposit Amount *(1+(Annual Nominal Interest Rate /Compounding Periods))^(Compounding Periods*Number of Years ) GO

Number of Months

Number of Months=log10((Monthly Payment/Interest Rate)/((Monthly Payment/Interest Rate)-Loan Amount))/log10(1+Interest Rate) GO

Monthly Payment

Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO

Monthly Payment of Car Loan

Monthly Payment of Car Loan=(Interest Rate+Interest Rate/((1+Interest Rate)^Months-1))*Principal Car Loan Amount GO

Nominal Interest Rate

Nominal Interest Rate or Stated Rate=Compounding Periods*((1+Effective Interest Rate)^(1/Compounding Periods)-1) GO

EMI

EMI=Loan Amount*Interest Rate*((1+Interest Rate)^Compounding Periods/((1+Interest Rate)^Compounding Periods-1)) GO

Future Value of a Present Sum when Compounding Periods are given

Future Value=Present Value*(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO

Present Value of a Future Sum when compounding periods are given

Present Value=Future Value/(1+(Rate of Return/Compounding Periods))^(Compounding Periods*Number of Periods) GO

Present Value of Annuity

Present Value of Annuity=(Monthly Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Number of Months)) GO

Annual Percentage Yield

Annual Percentage Yield=(1+(Stated annual interest rate/Compounding Periods))^Compounding Periods-1 GO

Future Value of Annuity

Future Value of Annuity=(Monthly Payment/Interest Rate)*((1+Interest Rate)^Number of Periods-1) GO

Loan Amount

Loan Amount=(Annuity Payment/Interest Rate)*(1-(1/(1+Interest Rate)^Compounding Periods)) GO

Future Value of a Present Sum when the total number of periods is given

Future Value=Present Value*(1+Interest Rate)^Total Number of Periods GO

Present Value of a Future Sum when total number of periods is given

Present Value=Future Value/(1+Interest Rate)^Total Number of Periods GO

< ⎙ 1 Other formulas that calculate the same Output

Monthly Payment

Monthly Payment=(Loan Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods)-1 GO

Monthly Mortgage Payment Formula

Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1)

More formulas

Debt Ratio GO

What is Monthly Mortgage Payment?

A monthly mortgage payment is an amount a borrower is required to pay each month until a debt is paid off. Mortgage payments are made up of your principal and interest payments. If you make a down payment of less than 20%, you will be required to take out private mortgage insurance, which increases your monthly payment. A borrower pays more interest in the early part of the mortgage, while the latter part of the loan favors the principal balance. The main factors determining your monthly mortgage payments are the size and term of the loan. Size is the amount of money you borrow and the term is the length of time you have to pay it back. Generally, the longer your term, the lower your monthly payment.

How to Calculate Monthly Mortgage Payment?

Monthly Mortgage Payment calculator uses Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1) to calculate the Monthly Payment, The monthly payment is the amount a borrower is required to pay each month until a debt is paid off. Monthly Payment and is denoted by p symbol.

How to calculate Monthly Mortgage Payment using this online calculator? To use this online calculator for Monthly Mortgage Payment, enter Compounding Periods (n), Mortgage Amount (Mortgage Amt) and Interest Rate (i) and hit the calculate button. Here is how the Monthly Mortgage Payment calculation can be explained with given input values -> 156000 = (26000*6*(1+6)^10)/((1+6)^10-1).

FAQ

What is Monthly Mortgage Payment?

The monthly payment is the amount a borrower is required to pay each month until a debt is paid off and is represented as p=(Mortgage Amt*i*(1+i)^n)/((1+i)^n-1) or Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1). Compounding Periods is the number of times compounding will occur during a period, Mortgage Amount is a regularly scheduled payment which includes principal and interest paid by the borrower to the lender of the home loan and Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

How to calculate Monthly Mortgage Payment?

The monthly payment is the amount a borrower is required to pay each month until a debt is paid off is calculated using Monthly Payment=(Mortgage Amount*Interest Rate*(1+Interest Rate)^Compounding Periods)/((1+Interest Rate)^Compounding Periods-1). To calculate Monthly Mortgage Payment, you need Compounding Periods (n), Mortgage Amount (Mortgage Amt) and Interest Rate (i). With our tool, you need to enter the respective value for Compounding Periods, Mortgage Amount and Interest Rate and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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