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Loan Amount: $
Interest Rate: %
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How Do You Manually Calculate a Mortgage Payment? 
To calculate your mortgage payment manually, apply the interest rate (r), the principal (B) and the loan length in months (m) to this formula: P = B[(r12)(1 + r12)^m)][(1 + r12)^m - 1]. This formula takes into account the monthly compounding of interest that goes into each payment.   more



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