New Online Free Mortgage Calculator Tool

Mortgage Calculator

Loan Amount ($): Interest Rate (%): Loan Term (Years):

Monthly Payment: $

Built with ❤️ for future homeowners.

Features of the Tool: 1. Responsive Design: Works seamlessly across mobile, tablet, and desktop devices. 2. Colorful and Intuitive Interface: Gradient background for aesthetics. Clean, user-friendly form design. 3. Mortgage Calculations: Calculates the monthly payment using the formula: M = \frac{P \times r \times (1 + r)^n}{(1 + r)^n - 1} - M = Monthly Payment - P = Loan Amount - r = Monthly Interest Rate - n = Total Number of Payments 4. Real-time Results: Results are displayed instantly upon clicking the "Calculate" button. How to Test: 1. Copy the code into an HTML file. 2. Open it in a modern web browser. 3. Enter loan details and click Calculate to view the monthly payment. Feel free to enhance the tool further, such as by adding advanced features like amortization schedules or visual charts