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What I would like to do is have 4 multifarious fields, one each for the principal, interest rate, number of payments, and monthly payment. I'd then like to swop ANY of the 4 fields, leaving one blank, and have Excel calculate whatever the missing inconstant
I will be other in the market to buy my first house in the next 6 months. I can either try for a 30 year mortgage for 6% or a 40 year one for 7%. My missus and I are newly out of college and are looking for a house that is about $350,000 in our district
I separate I could use a simple mortgage calculator, but I am curious to know how my mortgage payment is arrived at. Is it cumulative interest additional principal divided by years and months. Please could you supply a detailed model as I not too hot
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I am exasperating to find a mortgage calculator that will let me input the payment amounts (so I can play with some payment options).
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You can use Bankrate's mortgage calculator to image out when the existing home loan would be repaid and your total interest bring in with your current approach
Let's also try on you sell the condo in two years and net $250000, which you then apply toward the principal of the credit. My calculator tells me that if you