# Mortgage Calculator

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Years
Months
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Period
No.
Payment Balance

* Actual results may change with different plans and parameters. Mortgage calculator is for educational purposes only.

Some questions:

## Mortgage calculation

Mortgage loan monthly payment calculation:

A is the monthly payment amount.

P is the loan amount or principal amount.

r is the (annual interest rate)/12.

n is the number of monthly payments to return the loan.

#### Example

Calculate the monthly payment of \$500,000 loan, interest rate of 5% and loan term of 20 years:

Solution:

r = 5% / 12 = 0.4166667% = 0.004166667

n = 20(years) × 12(months/year) = 240(months)

A = \$500000 × (0.004166667×(1+0.004166667)240) / ((1+0.004166667)240-1) = \$3300

Compound interest calculator ►

## Features of Mortgage Calculator

Our Mortgage Calculator allows the users to Calculate Mortgage . Some of the prominent features of this utility are explained below.

#### No Registration

You don’t need to go through any registration process to use the Mortgage Calculator. Using this utility, users to Calculate Mortgage as many times as you want for free.

#### Fast conversion

This Mortgage Calculator offers users the fastest Calculate. Once the user enters the  Mortgage values ​​in the input field and clicks the Calculate button, the utility will start the conversion process and return the results immediately.

#### Saves Time and Effort

The manual procedure of Calculator Mortgage isn’t an easy task. You must spend a lot of time and effort to complete this task. The Mortgage Calculator allows you to complete the same task immediately. You will not be asked to follow manual procedures, as its automated algorithms will do the work for you.

##### Accuracy

Despite investing time and effort in manual Calculation, you might not be able to get your hands on accurate results. Not everyone is good at solving math problems, even if you think you're a pro, there's still a good chance you'll get in accurate results. This situation can be smartly handled with the help of a Mortgage Calculator. You will be provided with 100% accurate results by this online tool.

##### Compatibility

The online Mortgage converter perfectly works on all operating systems. Whether you have a Mac, iOS, Android, Windows, or Linux device, you can easily use this online Tool without facing any hassle.

###### 100% Free

You don't need to go through any registration process to use this Mortgage Calculator. You can use this utility for free and do unlimited Mortgage Calculate without any limitations.