Mortgage Calculator
Summary
Calculates monthly mortgage payments based on loan amount, interest rate, and term.
Example
A $200,000 loan at 5% for 30 years shows monthly payments of $1,073.64.
Explanation of Results
The result is broken into two parts—principal (the amount reducing your loan balance) and interest (what you pay for borrowing). Over time, more of your payment will go toward the principal as the loan matures.
