How to Calculate Your Monthly Mortgage Payment Using a Financial Calculator

One tool that is super helpful for loan officers, that I think will be super helpful for you as a consumer as well - is a mortgage calculator! When it comes to mortgages, the numbers that are important are: Interest Rate Term of the Loan (Number of Months) Loan Amount (Present Value) Monthly Payment (Principal & Interest) The mortgage calculator is pretty easy to use since you just plug and play, but it is a very powerful tool to get a better understanding of what your monthly mortgage payment will be. This video shows how you can use it: You can purchase a Financial Calculator like the one I have here: HP 10BII+ Calculator Or you can even download an app on your phone. You can download whatever app you have on your phone, but the one I use is just called RE Mortgage Calculator. If you want more mortgage tips like this, please subscribe to my account and follow me on Instagram and TikTok ‪@thebetterdateguide‬ ❤️