Mortgage Calculator.py

"""**Mortgage Calculator** -

Calculate the monthly payments of a fixed term mortgage 
over given Nth terms at a given interest rate. Also figure 
out how long it will take the user to pay back the loan."""

months = int(input("Enter mortgage term (in months): "))
rate = float(input("Enter interest rate (in %): "))
loan = float(input("Enter loan value: "))

monthly_rate = rate / 100 / 12
payment = (monthly_rate / (1 - (1 + monthly_rate)**(-months))) * loan

print("Monthly payment for a $%.2f %s year mortgage at %.2f%% interest rate is: $%.2f" % (loan, (months / 12), rate, payment))