Mortgage Calculator: Calculate Your Home Loan Payments Easily 

A Mortgage Calculator is a financial tool that helps users estimate their monthly mortgage payments based on the loan amount, interest rate, and loan tenure. It simplifies complex mortgage calculations and provides instant results, helping borrowers make informed financial decisions.

How It Works

The Mortgage Calculator uses the standard formula for mortgage payments:

M=P×r×(1+r)n(1+r)n−1M = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1}M=(1+r)n−1P×r×(1+r)n​

Where:

• M = Monthly mortgage payment

• P = Loan principal (total borrowed amount)

• r = Monthly interest rate (Annual Interest Rate ÷ 12 ÷ 100)

• n = Total number of months in the loan tenure

Users simply enter their loan amount, interest rate, and loan term to instantly calculate their monthly payments.

Key Features

✅ Accurate Monthly Payment Calculation – Uses the industry-standard formula for precision.
✅ Customizable Inputs – Users can adjust loan amount, interest rate, and tenure.
✅ Amortization Insights – Provides a breakdown of principal and interest components.
✅ User-Friendly Interface – Easy-to-use design for quick calculations.
✅ Works on All Devices – Fully responsive and mobile-friendly.

Why Use This Calculator?

A Mortgage Calculator is essential for:

• Homebuyers – To estimate their monthly mortgage payments before applying for a loan.

• Real Estate Investors – To evaluate property affordability and loan commitments.

• Loan Applicants – To compare different mortgage options and interest rates.

• Financial Planners – To assist clients with mortgage budgeting.

This calculator empowers users with financial clarity, allowing them to plan their home loan payments effectively and avoid unexpected financial burdens. 🚀