Mortgage payment
Estimate a fixed nominal-rate mortgage payment with a monthly schedule. Rounded to cents with an adjusted final payment; fees and variable rates excluded.
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Formula and instructions
P × r × (1+r)^n ÷ ((1+r)^n − 1)
Estimate a fixed nominal-rate mortgage payment with a monthly schedule. Rounded to cents with an adjusted final payment; fees and variable rates excluded.
Sources and further reading
Frequently asked questions
Which formula does this tool use?
P × r × (1+r)^n ÷ ((1+r)^n − 1) Estimate a fixed nominal-rate mortgage payment with a monthly schedule. Rounded to cents with an adjusted final payment; fees and variable rates excluded.