* Actual results may change with different plans and parameters. Mortgage calculadora es for educational purposes only.
Get answers to these questions:
Mortgage loan Pago Mensual calculation:
A es the Pago Mensual amount.
P es the Monto del Préstamo or principal amount.
r es the (annual Tasa de Interés)/12.
n es the number of monthly payments to return the loan.
Calcular the Pago Mensual of $500,000 loan, Tasa de Interés of 5% and loan term of 20 years:
Solution:
r = 5% / 12 = 0.4166667% = 0.004166667
n = 20(years) × 12(months/year) = 240(months)
A = $500000 × (0.004166667×(1+0.004166667)240) / ((1+0.004166667)240-1) = $3300
