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Payment Calculator If you already know how much you want to borrow, this calculator will estimate the monthly mortgage payments based on that amount. You can calculate the payments based on any amount, interest rate, and term.Simply enter the amount you want to finance, the interest rate, and the term of the loan (15 or 30 years). Then click the Calculate button to see an estimate of your monthly mortgage payment. Definitions Mortgage amount Interest rate Term in years Monthly payment Total payments Total interest |