This simple calculator below will determine the monthly payment for a mortgage:

• Enter the number of years over which you want the mortgage amortized. Most mortgages are amortized over 30 years.
• Enter the interest rate.
• Enter the amount you wish to borrow.
• Press compute and the calculator will return the monthly payment required.

Amortization Period	Interest Rate	Mortgage or Loan Amount	Monthly Payment	Bi-Monthly Payment
yrs	%	$	$	$