Your monthly mortgage payment is the fixed amount you pay each month to pay off your home loan, made up of both principal and interest.
This calculator estimates your monthly payment based on loan amount, interest rate, and term.
Calculate Your Monthly Mortgage Payment
Disclaimer : Enter numbers in your local currency — the calculation works the same regardless of currency.
M = P × [r(1+r)^n] ÷ [(1+r)^n − 1]
Where P = Loan Amount, r = Monthly Interest Rate, n = Number of Monthly Payments
If Loan = 300000, Rate = 6.5%, Term = 30 years
Monthly Payment ≈ 1,896.20