Expense Metrics
Annual Debt Service
Standard Debt Metrics Most Popular Loan & Mortgage

Monthly Mortgage Payment

Monthly principal and interest payment on the mortgage.

Example Result

Sample Data
$2,049.13

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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Monthly Mortgage Payment Formula

M
=
P × r(1 + r)n
(1 + r)n − 1
where P = Loan Amount, r = Monthly Rate, n = Loan Term in Months
P = Loan Amount $308,000
r = Monthly Interest Rate 0.0058%
n = Loan Term in Months 360 months
= Monthly Mortgage Payment $2,049.13

What This Means

A sample property priced at $385,000 with $2,850/month rent has a monthly mortgage payment of $2,049.13. Your mortgage payment is typically the single largest monthly expense. It remains fixed (for fixed-rate loans) while rents increase over time, which is a key advantage of leveraged real estate investing.

Where This Value Comes From

Monthly Mortgage Payment is not entered directly — it is calculated from Loan Amount, Mortgage Interest Rate, and Loan Term. See the formula breakdown above and the detailed inputs below.

Calculated From

Monthly Mortgage Payment is calculated using these inputs:

Loan Amount
The total amount borrowed to finance the property purchase.
Found on your loan estimate
$308,000
Mortgage Interest Rate
The annual interest rate on the mortgage loan.
Found on your loan estimate
7.00%
Loan Term
The total length of the mortgage loan in months.
Found on your loan estimate
360 months

Used to Calculate

Monthly Mortgage Payment is used as an input for these calculations:

Annual Debt Service
Debt Metrics
$24,590
Monthly Principal Payment
Debt Metrics
$252.47
Total Interest Over Life of Loan
Debt Metrics
$429,687
Front End Ratio
Debt Metrics
71.90%
Back End Ratio
Debt Metrics
107.41%
Total Monthly Payment
Debt Metrics
$2,049
Fifty Percent Rule Estimate
Deal Analysis
-$7,490

Platform Distribution

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Why It Matters

Your mortgage payment is typically the single largest monthly expense. It remains fixed (for fixed-rate loans) while rents increase over time, which is a key advantage of leveraged real estate investing.

Detailed Explanation

The fixed monthly mortgage payment includes both principal repayment and interest charges. This is calculated using the standard amortization formula based on loan amount, interest rate, and term.

Example

Sample Result
$1,586.03

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

Related Calculations

Annual Debt Service

2

Total annual mortgage payments.

$24,590 Example

Debt Service Coverage Ratio

2

NOI divided by annual debt service — measures ability to cover mortgage.

0.83x Example

Loan to Value Ratio

2

Loan amount as a percentage of property value.

80.00% Example

Debt Yield

2

NOI as a percentage of total loan amount.

6.61% Example

Monthly Principal Payment

U

Principal portion of the first month's mortgage payment.

$252.47 Example

Monthly Interest Payment

2

Interest portion of the first month's mortgage payment.

$1,796.67 Example

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