What is the formula to calculate my monthly mortgage payment?

I would like to show a table with all my months and the amount due.





Loan = 138000


Interest 5.5


Months 360





Thanks very much!What is the formula to calculate my monthly mortgage payment?
It's $783.55 a month. Here's a mortgage calculator to play with: http://www.mortgage-net.com/calculators/鈥?/a>What is the formula to calculate my monthly mortgage payment?
If this is Interest Only, then the formula for the monthly payments is simple:





Loan / 12 / 100 X Interest





Breaking down Capital and Interest is more complicated, and you need a mortgage Key Facts Illustration (KFI), or a specialised calculator to work out the payments.





As it happens, I'm a mortgage advisor, and using my special resources ;), I can tell you the repayment option would cost you 拢783.55 a month.
$783 a month. This does not include taxes, homeowners insurance or possible PMI%26gt;
http://www.mortgage-calc.com/mortgage/si鈥?/a>