How To Calculate The True Cost of a Mortgage Loan

This finance video tutorial explains how to calculate the true cost of a mortgage which is equivalent to the total interest paid over the life of the loan. You can reduce the total interest cost by negotiating for a lower fixed annual interest rate or by increasing your monthly payment to pay off the loan in a shorter period of time.
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Debt to Equity Ratio:
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Time Value of Money:
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Annual Percentage Yield:
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[@kiren8745]

Man started giving life lessons

[@capriciouspill2530]

This guy deserve my 👏,He helped me a lot with calculus

[@juliusruli8814]

This man saving 🧠 cells out here.

[@CMRHM]

Your explanation is so clear, big thanks

[@Anonymous2627]

Thanks a lot, man. This helps!

[@lilredninjaswiss7806]

You're everything school wished it was. You are saving lives LMAO

[@evank3718]

We’ve graduated from chemistry to life problems

[@subjectory]

thank you so much, I'm about to buy a house and this video helped me!

[@kangmoabel]

Can we just stop here and give 👏👏 for JG ❤❤

[@user4667fh]

this guy just savin are lives

[@joelhatchett1547]

These are very helpful, but I have a question about something that is similar but a little different, I have a mortgage problem with all the other values given , but it also says in the equation that the payer has to pay 2 points , so I add the 2 points to the principal?

[@tabmax22]

if you account for inflation how much have you paid in interest in present value?

[@mlancaster2607]

this is brilliant. Just wish i could get the calculation to work on my scientific calculator

[@krisjanentrina6437]

what if there is no interest rate given but only you can calculate for principal, down payment and the years

[@mehvishmehraj3185]

how do you get ths 2697?

[@nedshead5906]

Here in Australia the interest is calculated on the amount outstanding on the load, so the more you've paid off on the loan the less you pay in interest, if that makes sense..

[@aggydreams]

It works that way in Canada too...not sure about the US tho

[@davidbaron5487]

Yep same in my country the interest is calculated on the running balance so the lower the balance left to be paid the lower the interest charged.

[@Abby-nr2kc]

👍

[@mrcrazytv2830]

am requesting pure maths tutorial s

[@carloscardona6587]

FAIR (Fixed Annual Interest) rate

[@thesauce807]

The Total Interest paid is higher than the actual loan itself!!

[@paradhoax]

Why we just don't elect you as the president of the world and that's it.

[@daughteroftheking3220]

Right that would pretty much solve all the problems

[@stayhard2796]

This is why homeownership is a terrible idea.