Mortgage Payment Calculator
Free mortgage calculator. Enter loan amount, interest rate, and term to get monthly payment, total interest, and complete amortization schedule. No signup.
How Mortgage Payment Calculation Works
The formula used is: M = P[r(1+r)^n]/[(1+r)^n-1]. Our calculator computes monthly mortgage payments instantly based on your inputs.
모든 계산은 브라우저에서 수행되어 즉시 결과를 제공합니다. 데이터는 저장되거나 서버로 전송되지 않습니다.
이 계산기를 사용할 때
Use this mortgage payment calculator whenever you need to quickly compute monthly mortgage payments. It is useful for students, professionals, and anyone who needs fast, accurate results without manual computation.
"Before taking on a mortgage, consider your total monthly housing costs — principal, interest, taxes, and insurance. Most financial experts recommend keeping housing costs below 28% of gross monthly income to maintain financial stability."
💡 알고 계셨나요?
- The word "mortgage" comes from Old French "mort gage" meaning "death pledge" — the debt "dies" when paid off, or the pledge "dies" if the borrower defaults.
- The 30-year fixed-rate mortgage was introduced in the US in 1934 by the Federal Housing Administration to revive the housing market after the Great Depression.
- Before amortization tables (19th century), calculating monthly mortgage payments required iterative arithmetic — a process that could take hours.
자주 묻는 질문
How much house can I afford?
A common guideline is the 28/36 rule: spend no more than 28% of gross monthly income on housing costs, and no more than 36% on total debt.
Should I choose a 15 or 30-year mortgage?
A 15-year mortgage has higher monthly payments but significantly less total interest. A 30-year mortgage offers lower payments but costs more over time.
What affects my mortgage rate?
Credit score, down payment size, loan term, loan type, and current market conditions all influence your mortgage rate.