What is the formula to calculate my monthly mortgage payment?

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I zeigen.Loan a table with all my months and the amount due 138000Zinsen 360Vielen = 5.5 months Thanks!

4 Comments
  1. Reply
    Paul in San Diego
    February 10, 2011 at 11:37 pm

    It’s $ 783.55 a month. Here’s a mortgage calculator to play with: http://www.mortgage-net.com/calculators/mp_cl.html

  2. Reply
    Jonathan T
    February 11, 2011 at 12:31 am

    If this is Interest Only, then the formula for the monthly payments is simple:

    Loan / 12 / 100 X Interest

    Breaking down Capital and Interest is more complicated, and you need a mortgage Key Facts Illustration (KFI), or a specialised calculator to work out the payments.

    As it happens, I’m a mortgage advisor, and using my special resources ;), I can tell you the repayment option would cost you £783.55 a month.

  3. Reply
    daeve930
    February 11, 2011 at 12:37 am
  4. Reply
    reenzz
    February 11, 2011 at 1:36 am

    $ 783 a month. This does not include taxes, homeowners insurance or possible PMI>

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