Calculating a mortgage payment is a crucial step in the homebuying process. Your mortgage payment is the monthly amount you will need to pay back your home loan, including the principal amount borrowed and the interest charged by your lender. Here's a step-by-step guide on how to calculate your mortgage payment.
When you take out a loan, you will need to pay interest on the amount borrowed. Calculating loan interest can seem daunting, but it is a simple process that anyone can do.
