SmartAsset Mortgage Calculator

SmartAsset Mortgage Calculator

Plan your finances with ease using the SmartAsset Mortgage Calculator. This user-friendly tool helps you calculate your monthly mortgage payments based on your loan amount, interest rate, and loan term. With a sleek, responsive design, it works seamlessly on both mobile and desktop devices.

Using advanced formulas, it provides accurate results instantly, empowering you to make informed decisions for your home-buying journey. Whether you're a first-time buyer or refinancing, this calculator is your trusted companion for clear, simple, and reliable mortgage planning. Perfect for anyone who values precision and convenience!

SmartAsset Mortgage Calculator

Calculate Your Mortgage Payment

Loan Amount ($): Annual Interest Rate (%): Loan Term (Years): Calculate © 2025 SmartAsset Mortgage Calculator

Features:

1. Responsive Design: Works seamlessly on mobile and desktop devices.
2. User-Friendly Interface: Easy-to-use form with clear labels and placeholders.
3. Accurate Calculations:

Takes the loan amount, annual interest rate, and loan term as inputs.

Calculates the monthly payment using the standard mortgage formula:

M = \frac{P \cdot r}{1 - (1 + r)^{-n}}

• M = monthly payment
• P = loan amount
• r = monthly interest rate
• n = total number of payments

1. Dynamic Results: Displays the calculated monthly payment immediately below the form.

How to Use:

1. Enter the loan amount, annual interest rate, and loan term in the input fields.
2. Click the "Calculate" button to compute the monthly payment.
3. The result will appear in the "Your Monthly Payment" section.

Save this code as an .html file, open it in a browser, and you’ll have a fully functional mortgage calculator!