finance
Mortgage Payment Calculator
Monthly payment — instant conversion with formula and AI explanation.
Live Visual Representation
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</> Formula
formula.ts
M = P · r(1+r)^n / ((1+r)^n − 1) AI
Explanation
Calculates a fixed monthly mortgage payment using principal (P), monthly interest rate (r), and number of months (n).
Common Examples
300000.00 $1798.65 $/mo
500000.00 $2997.75 $/mo
FAQ
Does this include taxes?▾
No — it's principal & interest only. Taxes and insurance are typically additional.
What rate should I use?▾
Enter the annual percentage rate (APR) you've been quoted.