Freddie Mac’s benchmark rate for a 30-year mortgage averaged 6.72% for the week ending December 19, increasing by 0.12 ...

Try our calculator below to see how your fixed rate mortgage might ... This mortgage calculator uses a standard mortgage repayment formula to estimate the monthly payments or interest rate based ...

For example, a 30-year fixed-rate mortgage would have 30 years x 12 months = 360 payments. Put the values into the formula: Once you have the monthly interest rate and the total number of payments ...

The formula ... find that a fixed-rate 15-year mortgage term suits you best because you'll pay less interest over the life of ...