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Dec
31
How do you find various characteristics of a mortgage?
December 31, 2009 | 1 Comment
I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment
Comments
1 Comment so far
Hey Brynn,
Try a real estate site. Or ask a mortgage person or realtor.
No way to calculate payments w/o a purchase price.
Good luck.