<human>:  How does one calculate mortgage payments?
<bot>: To calculate mortgage payments, you need to know the loan amount, the interest rate of the loan, and the term of the loan (for example, 30 years). Then you need to calculate the monthly payment by using a formula. The formula is as follows: (Loan amount x interest rate/12) / (1 - (1 + interest rate/12) ^ (-term in months)). The result is the monthly payment amount.