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A mortgage payment calculator is a tool that helps people estimate the monthly payments they would have to make towards their home loan. It is a simple and easy-to-use online calculator that takes into account the loan amount, interest rate, and loan term to calculate the monthly payment. To use a mortgage payment calculator, users will need to input some basic information such as the loan amount, interest rate, and loan term. Some calculators may also ask for additional information such as property taxes, insurance, and other expenses