How to Calculate your Monthly Mortgage Payment

.0047964 is the approx monthly payment on a house, given a 20% downpayment.

eg. $2,000,000 house.

Your downpayment of 20% is $400,000.00.

Your monthly mortgage payment is ($2,000,000 x .00479640) = $9592.80

Notes:  This is for a 20% downpayment.  30year Fixed Rate loan.  6% 30 Year Loan.