Enter the required details into the Mahogany Homes calculator to estimate your monthly payments or costs based on your financial inputs.

## Mahogany Homes Calculation Formula

The Mahogany Homes calculator uses the following formulas to estimate your financial costs:

Monthly Payment = (Loan Amount * (Interest Rate / 100 / 12)) / (1 - (1 + (Interest Rate / 100 / 12))^(-Loan Term * 12))

Monthly Cost = ((Property Value - Down Payment) * (Loan Interest Rate / 100 / 12)) / (1 - (1 + (Loan Interest Rate / 100 / 12))^(-Loan Duration * 12))

Variables:

- Monthly Payment is the estimated monthly payment ($)
- Monthly Cost is the estimated monthly cost ($)
- Loan Amount is the amount borrowed ($)
- Interest Rate is the annual interest rate on the loan (%)
- Loan Term is the duration of the loan in years
- Property Value is the total value of the property ($)
- Down Payment is the initial payment made