Monthly Mortgage Payment Calculator
Calculate the monthly payment from the loan amount, interest rate and term.
This calculation provides an estimated result; current regulations and official calculations prevail. For binding transactions, consult your financial advisor or the relevant institution.
$
%
months
Result
52.723,59 $/ay
Monthly payment: 52.723,59 $
Result in all units
Step-by-step solution
What Is a Mortgage Payment?
A mortgage payment is the amount by which you repay your loan, together with interest, in equal monthly installments over the term. It is calculated using the annuity (equal installment) method; each installment contains a varying share of principal and interest.
How is it calculated?
How Is the Loan Payment Calculated?
For equal-installment (annuity) loans, the monthly payment is found with the following formula:
Payment = K × r ÷ (1 − (1 + r)⁻ⁿ)
K: loan amount, r: monthly interest rate, n: term (months).
- Enter the loan amount, monthly interest rate and term.
- Total repayment = payment × term.
- Total interest = total repayment − loan amount.
Frequently Asked Questions
Are there extra costs besides the installment?
Yes; file/appraisal fees, the mortgage establishment charge and mandatory insurance may arise outside the installment.
What happens as the term gets longer?
The monthly payment goes down but the total interest paid increases.