Mortgage Calculator
Loan Amount $
Annual Interest Rate
%
Term of Loan
Years
Number of Payments
Monthly Payment $
Interest Paid $
p
=
L
[
(r/n)
(1 +
r/n
)
ny
] / [ (1 +
r/n
)
ny
- 1 ]
p = payment
L = Loan
r = interest rate
n = # payments per year
y = years