Here’s how to calculate a mortgage payment in just TWO minutes! All you’ll need is this simple mortgage formula and some basic rental property numbers. If you know the loan term, amount, and interest, you’ve got everything you need to quickly calculate mortgage payments (without being a genius at math!).
Want to calculate your mortgage payment in just seconds? Try the BiggerPockets Home Loan and Mortgage Calculator for free: https://www.biggerpockets.com/mortgage-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
After you’re done calculating your mortgage payment, try the BiggerPockets Rental Property Calculator to instantly calculate cash flow, return on investment (ROI), and equity growth: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
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What Is a Mortgage?
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How to Calculate Your Mortgage Payment (an Easy Mortgage Formula):
How to Calculate Your Mortgage Payment (an Easy Mortgage Formula)
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How To Calculate Principal And Interest On A Mortgage:
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14 Comments
@NYGeorgeNY · November 1, 2026 at 3:17 am
😍
@DerrickAndrews-t1r · November 1, 2026 at 3:17 am
Funny how you don't explain the part that needs explanation
@AngelaCrittendon · November 1, 2026 at 3:17 am
You need to take this down. Your answer is wrong
@MrCharles080 · November 1, 2026 at 3:17 am
Literally the worst explanation ever!
@realestateandnoteinvesting4641 · November 1, 2026 at 3:17 am
Calculations are WRONG. What a travesty! The correct monthly payment is $1,199.10 (ALWAYS!).
@CollinTierney-b1l · November 1, 2026 at 3:17 am
Exponent first. 1.005^-360 =0.166. Then subtract 1 so you get a number less than 1. Then by dividing by a number less than 1, you get a larger number. $1199
@pennyfoster2759 · November 1, 2026 at 3:17 am
HOw on earth does 0.005 x 360 = 0 ?? (I cancelled the minus signs because minus times a minus cancels them out right?
@evancruz4058 · November 1, 2026 at 3:17 am
Two questions for you, Leah:
First, is this interest rate a nominal annual interest rate, or is this interest rate an effective annual interest rate?
Second, I got $1,199.10/month when I ran the formula with the numbers you showed in the video. Can you explain how the formula yields $1,000/month?
@user-dc6yr4it4r · November 1, 2026 at 3:17 am
Nice Video
@Theyangsterr · November 1, 2026 at 3:17 am
I watched this 800 times.
@nellosnook4454 · November 1, 2026 at 3:17 am
Thanks for his very helpful information! 👍
@boogarfartboy · November 1, 2026 at 3:17 am
I just go to Google and type in 'mortgage calculator'
@private7384 · November 1, 2026 at 3:17 am
That’s a lot of math
@mikefeir · November 1, 2026 at 3:17 am
Can you go over how you divide by 0 at 1:30 😂 🤦♂️ thought this would be a simple in your head trick not the actual formula that requires a calculator 😂