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


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1 Comment so far

  1. Carol on December 31, 2009 8:27 pm

    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.

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