How to Calculate Mortgage Payments?

Answer A mortgage loan is a specific type of loan for which the collateral is real property. The loan amount is therefore less than or equal to the sell price of the real estate. The interest on a mortgag... Read More »

Top Q&A For: How to Calculate Mortgage Payments

How do I calculate FHA mortgage payments?

Principal and InterestTake the total amount of the loan divided over the extent of the note (either 15 or 30 years). Add to that amount the annual rate of interest and divide that number by 12 mont... Read More »

How do I calculate yearly payments on a mortgage?

Multiply the monthly principle and interest payment by 12. This calculates your yearly payments on a mortgage. A mortgage requiring $1,284.98 monthly principle and interest payments requires $15,41... Read More »

How do I calculate extra mortgage payments?

Download a CalculatorCalculating extra payments is not simple since mortgage interest is compounding. Extra payments made have a large affect on the amount of interest due, especially early in the ... Read More »

How do I manually calculate mortgage payments?

The FormulaUse the monthly mortgage payments formula to calculate your mortgage payment. P = L ( c( 1 + c) ^ n) / ((1 + c) ^ n) - 1). P is the monthly payment, L is the loan amount, c is your inter... Read More »