How To Calculate A Mortgage Payment Amount - Mortgage Payments Explained With Formula

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Whats Up Dude

Күн бұрын

Пікірлер: 16

@libra8993 9 ай бұрын

this is literally the best video on KZbin to explain this particular equation. you have won the internet sir

@davidcooper7339 5 ай бұрын

Home run with this mortgage calculation- explanation. Great teacher!

@chrisweber1133 11 күн бұрын

Hello, thank you for this very helpful information, I am creating an excel spreadsheet and everything works out until the formula around the 2:47 mark in you video, can you please help with this formula? I come up with $749.00. Everything else i get the same numbers as you....thanks for any help.

@Tennis-3582 10 ай бұрын

This is very informative, thanks

@Someone-lc6dc 6 ай бұрын

What does 1 stand for in the formula?

@bethanyday9291 Ай бұрын

I have to calculate amount for a house, 30 year loan, 5% interest rate, and a down payment of 5,000. I get the formula above but how do i calculate the down payment.

@SuperSamboh Жыл бұрын

thank you good explanatio

@svwtsvfcb 2 жыл бұрын

If I had a payment plan where I pay yearly instead of monthly, can I still use this formula and simply replace n with 1 instead of 12? In other words, I only take into account the yearly interest rate and not the monthly one?

@legendaryrscopridge Жыл бұрын

Hey dude, thanks for sharing!

@olgajimenez3713 2 жыл бұрын

Very helpful, thanks.

@dalehjify 2 жыл бұрын

Is this the interest only payment? there are two options within a mortgage which is interest only and repayment mortgage. How do you calculate both the interest only and mortgage repayment cost?

@whatsupdude2778 2 жыл бұрын

Hello Dale HJ, this video is the calculation of the total mortgage payment (interest + principal). An amortization table will show the interest paid and principal paid separately. I have that topic on my list of videos to do.