Mortgage Calculator

How To Estimate Mortgage Payments (with an amortization schedule)





Have you ever wondered why you happen to be having to pay so a lot desire and so minor money on your house loan financial loan? In this presentation, I make clear how to estimate your payments and how to make an amortization schedule. When you realize this calculation, you will be ready to reply that fundamental finance dilemma?

4 comments

  1. What if you have a down payment?

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  2. how do yow calculate the monthly repayment given that Loan is 250000 at 16%rate compounded continuously.
    The amount has to be paid back 8 equal instalments payable at the end of each quarter.

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  3. Ok I have a question. I have a line of equity that has a rate of 2.75% and I only have a few days left to use it before it locks and will be given 20 yrs to pay off the balance (and that's a good rate so I think I should just pull the money out now). I have an opportunity to make 3.5% on that money that pays me monthly interest. Does it make sense to put the money in the 3.5% interest investment or am I missing something? In order to pay the 20 yr loan back I will have to pull out extra to cover the principal and interest so each month I will be earning a little less interest on that 3.5% investment. Does it make sense to do it?

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  4. Thank you!! I have been looking for a video that does Amortization by hand, really helped me out for my finance class! 

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