Mortgage Payment Calculator
Jenzzy computes fixed-rate mortgage payments from loan amount, term, and APR so you can compare homes and rates confidently.
Inputs
Results
Enter values to see results.
Formula
M = P[r(1+r)^n]/[(1+r)^n − 1]
M is monthly payment, P is loan principal, r is monthly interest rate, n is total payments.
Example
- Monthly rate: r = 6.5% / 12 ≈ 0.5417%
- Payments: n = 360
- Payment: M ≈ $2,022.18= $2,022.18
Result: $2,022.18 monthly principal and interest
Frequently Asked Questions
Does this include taxes and insurance?
No—add property tax, insurance, and HOA separately.
Fixed vs ARM?
This models fixed-rate loans.
Extra payments?
Use the amortization schedule calculator to model prepayments.