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Simple Mortgage Loan Calculator Script

Loan Amount:
Interest Rates:
Term(Years):


Results:
Monthly Payment(EMI):
Monthly Average Interest:
Monthly Interest:

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How to calculate mortgage loan formula?
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1].
  1. M = Total monthly payment.
  2. P = The total am
    ount of your loan.
  3. I = Your interest rate, as a monthly percentage.
  4. N = The total amount of months in your timeline for paying off your mortgage.

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