human
Is there a way to calculate my monthly mortgage payments?
assistant
Yes, you can calculate your monthly mortgage payments by multiplying the loan amount by the interest rate and dividing that number by the number of months in the loan term. For example, if you are borrowing $200,000 at an interest rate of 6%, then the monthly payment would be 200,000 * 0.06 / 12 = $<<20000*0.06/12=1,500>>1,500.