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The formula for calculating a monthly mortgage payment on a fixed-rate loan is: P = L[c(1 + c)^n]/[(1 + c)^n - 1]. The formula can be used to help potential home owners determine how much of a monthly payment towards a h...

The easiest way to calculate a fixed-rate mortgage payment is to use an automatic mortgage payment calculator, such as the one available at BankRate.com. The formula takes into account the amount, length and interest rat...

www.reference.com/article/calculate-mortgage-payment-formula-92fcd1a834c36b9c

The mortgage payment formula to calculate a fixed monthly payment is P = L[c(1 + c)^n]/[(1 + c)n - 1]. In this formula, P stands for monthly payment, L is loan, c is the monthly rate and n refers to the month in which th...

www.reference.com/article/mortgage-payment-formula-638d6363e77aee5a

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SIMILAR ARTICLES

To calculate your mortgage payment manually, apply the interest rate (r), the principal (B) and the loan length in months (m) to this formula: P = B[(r/12)(1 + r/12)^m)]/[(1 + r/12)^m - 1]. This formula takes into accoun...

The mortgage payment formula to calculate a fixed monthly payment is P = L[c(1 + c)^n]/[(1 + c)n - 1]. In this formula, P stands for monthly payment, L is loan, c is the monthly rate and n refers to the month in which th...

www.reference.com/article/mortgage-payment-formula-638d6363e77aee5a

The formula used to calculate annual percentage rates on mortgage loans is L - F = P1/(1 + i) + P2/(1 + i)2 +… (Pn + Bn)/(1 + i)n, cites the Mortgage Professor. Known as the internal rate of return, the APR includes poin...

www.reference.com/article/formula-can-use-figure-mortgage-rate-7cf647fbeaf79bca

A "P&I" payment for a mortgage is a "principal and interest" payment, which is usually made monthly over the term of the loan, according to Quicken Loans. A principal and interest payment does not include taxes and insur...