Mortgage Remainder Calculator


Are you planning to buy a home or refinance your mortgage? Our Mortgage Remainder Calculator is here to help you estimate your monthly payments and understand the remaining balance on your mortgage.

Formula: The calculator uses the formula for calculating a fixed monthly payment for a loan with compound interest, which is given by:



  • M is the monthly payment
  • P is the loan amount
  • r is the monthly interest rate (annual rate divided by 12 and converted to a decimal)
  • n is the total number of payments (loan term multiplied by 12)

How to Use:

  1. Enter your loan amount in the “Loan Amount” field.
  2. Input your annual interest rate in the “Interest Rate” field.
  3. Specify the loan term in years in the “Loan Term” field.
  4. Click the “Calculate” button to see your estimated monthly payment.

Example: Let’s say you have a loan amount of $200,000, an annual interest rate of 4.5%, and a loan term of 30 years. After clicking “Calculate,” the tool will display your monthly payment.


  1. What is a mortgage remainder calculator?
    • A mortgage remainder calculator helps you estimate the remaining balance on your mortgage and the monthly payments.
  2. How is the monthly payment calculated?
    • The monthly payment is calculated using the formula for a fixed-rate mortgage payment.
  3. Can I use this calculator for any type of loan?
    • While designed for mortgages, you can use it for any loan with a fixed interest rate.
  4. Is the interest rate compounded monthly?
    • Yes, the calculator assumes monthly compounding for interest.
  5. Can I change the frequency of payments?
    • No, this calculator assumes monthly payments.
  6. What happens if I make additional payments?
    • The calculator does not account for extra payments; it assumes regular monthly payments.
  7. How accurate is the calculator?
    • It provides a close estimate but may not consider other factors like taxes and insurance.
  8. What if I have an adjustable-rate mortgage?
    • This calculator is designed for fixed-rate mortgages only.
  9. Can I use it for commercial mortgages?
    • It’s primarily intended for residential mortgages.
  10. Is the result inclusive of taxes and insurance?
    • No, the calculator provides the principal and interest only.

Conclusion: Our Mortgage Remainder Calculator simplifies the process of estimating your monthly mortgage payment. Keep in mind that it provides an estimate and does not account for all potential variables in your mortgage. Use it as a helpful tool in your financial planning process.

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