How To Calculate Your Monthly Mortgage Payment Given The Principal, Interest Rate, & Loan Period

This finance video tutorial explains how to calculate the monthly payment on a mortgage given the principal, the interest rate, and the loan period. This video also explains how to calculate the total interest paid over the lifetime of a loan.
How To Calculate The Monthly Payment Using The PMT Function In Excel:
• How To Calculate Loan ...
Liquidity Ratios:
• Liquidity Ratios - Cur...
Assets, Liabilities, & Equity:
• Personal Finance - Ass...
The Short Ratio:
• How To Calculate The S...
Debt to Equity Ratio:
• Long Term Debt to Equi...
Time Value of Money:
• Time Value of Money - ...
_____________________________
Future Value of Annuity:
• How To Calculate The F...
More Examples on Annuities:
• Annuities - How To Cal...
How To Calculate The Monthly Mortgage Payment:
• How To Calculate Your ...
The Present Value of an Annuity:
• How To Calculate The P...
Net Present Value & Internal Rate of Return:
• Net Present Value - NP...
____________________________
Annual Percentage Yield:
• Annual Percentage Rate...
Amortization Loan Formula:
• Amortization Loan Formula
Amortization Table:
• How To Create an Amort...
Rule of 72:
• Rule of 72
Bond Yields:
• Intro to Investing In ...

[@TheOrganicChemistryTutor]

Final Exams and Video Playlists: www.video-tutor.net/

[@thegenzstudent493]

The Organic Chemistry Tutor has to be one of the best education resources on KZbin.

[@russeldavecubing561]

This is person is better than my teacher teaching me

[@adel1172]

Because this person is the best teacher you will see ever

[@favourprosperprosper4692]

He is amazing

[@ckit6_fitness]

This channel is definitly the best education channel. How do you record so many videos?

[@ItsMikeLearns]

you've helped me in upgrading math and now financial math! huge life saver

[@Cherish4599]

THIS just saved my life!!!! I'm going to be a first time home buyer and wanted more info. I was so lost until your video. THANK YOU!!!

[@robertflores5520]

this channel got me through high school and college as a bio major and now it's helping me buy my first home

[@monethomas9302]

Great video! Definitely helpful. Especially the full break down. Thank you so much for posting this.

[@albertoruiz7793]

This channel is by far the best on KZbin for explaining how formulas and calculations work for almost everything finance and investing🔥

[@bnard02]

What’s the point of college if ima just come to KZbin to have it explained to me…..

[@akashlobog2208]

It's my all-time fav for anything related to math, science, and engineering.... I am so happy to write this comment. RESPECT!

[@jericosegarnada4991]

BEST CONTENT IT WAS good and greatly helping my studies during quarantine

[@pkmath12345]

Annuity is my favorite topic in financial mathematics. I would definitely make some series of financial mathematics in my channel as well. Great job! Showing how math is used in daily lives is so important.

[@PeachSchnapp]

I just want to say thank you thank you thank you sooooo much! This was extremely helpful and truly made the calculations very simple and clear.

[@ThuyNguyen-yb5fg]

Thank you so much, this video explains things nice and clearly. Please do more videos about economics/money/interest

[@sandras7488]

Thank you for this video you're the first person to explain this clearly. I watched other videos and they would leave out some information.😃

[@NGHTRYDR2002]

Thanks for this... Best explanation I have heard to date... Made it so simple for me...

[@dilkiayesha4204]

The Organic Chemistry Tutor can do it better than my finance management professor. thanks a lot

[@LA-qt3tr]

Finely! Now I understand how it's calculated. Thanks so much 🙏

[@Revampedification]

Thank you so much for this, exactly what I needed

[@diwwy_9912]

This video was amazing

[@rajatbhardwaj4728]

Thank you. U cleared one of my biiiig doubt, when u also explained the second method

[@abdiibrahim8576]

Dear sir, you are really a life saver. thanks

[@toniagutierrez6464]

Thank you that was so easy to understand

[@michaelagyapong101]

this really helped me out. cheers!

[@jeanrosevabalayan7010]

thank you.. i now understand the process.. it helps a lot.

[@henrydetmer9610]

Thank you! This helped a ton

[@muthupalaniappan2223]

Good explanation & you have made mortgage calculation simple & your formula are more straightforward compare to many other tutorial that I saw in youtube. Just asking, do you have any easy method to calculate the result amount for 4.4677 which we get from (1+r)n?

[@rezahoushiarnejad5859]

Remarkable video!

[@justinbanza4751]

thank you very much for this video it is so helpful

[@2enchant]

Excellent channel!!

[@jordanburnettify]

this helped so much with my real estate exam practice

[@GenerallyChaotic6839]

I’m doing a school assignment so this helps a lot!

[@nanylaconejoramirez]

Thanks God i found this video. the best.

[@Mimic-xebra]

GREAT VIDEO!

[@MiguelReyes-fx2pe]

Excellent video.

[@noumman]

fantastic video!

[@KaioniMae]

🤙🏼🤙🏼🤙🏼Great video! Thank you!

[@Mark-te8ky]

great video

[@MariaCruz-sh2ys]

Fantastic!

[@eriberteliasmarquezbello6345]

thanks, very useful

[@MikeJones-qp2yj]

Dude, I know this video is a year old so I'm a little late, but I would like to shake your hand. Appreciated!

[@chaging1]

Great information…

[@Cc-gy5jd]

I remember doing questions similar to this in my finance class

[@flazzydirect1854]

Nice video , can u pls explain the concept and a proof to this formula(how it was derived)

[@favourprosperprosper4692]

Great video

[@dmwau]

Thank you so much

[@orionverduijn5539]

Hello! in the first step 3:03 when you took 300,000 thousand and multiplied it to the other group In order of operations, aren't we supposed to solve all the steps in the groups first and THEN do multiplication?

[@vinnybhatia230]

How do you calculate the lower bracket in the second formula? Do yiu have another tutorial? What do we do with negative 360?

[@patientlywaiting77]

🙏🏾 I’m not good in math and this was very easy to understand

[@patientlywaiting77]

Your voice is very soothing so it made it easy for me to digest the information. Just thought I would mention. Thanks again

[@felixsilence5496]

You're the best

[@kay22100]

Whew so glad I found Dave Ramsey. No way I’d pay that much extra on a loan. Pay that thang off early as possible

[@jerrymctee5996]

Ugg. Made it, thank you.

[@theboogiegamer3872]

Please organic chemistry tutor sir, make a video on optical instruments (microscope, astronomical telescope, gallilean telescope, etc) facing a lot of difficulty in that part. It's my earnest request to you.

[@Soothing999]

Love you

[@HumbolSkitso]

Thank you for giving the real answer to understanding this. The only question i have is what does the 1 represent within the equation? Why is it "(1+....."

[@scotts1111]

I belive it means the beginning and ending period of the loan. First and last month. But I could be mistaken.

[@jason7505]

Yes, I would like to know that part as well. If you could please elaborate on that. I'd appreciate it Thank you

[@isaahliu]

great that you can plug in numbers to equations.

[@matugenustheconqueror9388]

Guys I am new here. I want to learn math from the scratch. I do not have any knowledge about math. Can I learn with this guy's Math videos? I want to start from Prealgebra to Calculus. I have 3 months to learn and I can study for 3-4 hours a day. Can I make a good progress at that time only watching his videos? Thanks :)

[@sunilkumar-kv1si]

Sir, can you tell me about semi Annual compound interest

[@danbosvac]

Given m, P & n, can you solve for r using the equations?

[@Youjuan100]

At 3:18 in the video where you calculate the second part. What function do you press on your calculator to calculate the n(360).

[@khanvezahmad4267]

Is there any formula to use and get the answer B ?

[@jewbagel5969]

Bro Ive watched your videos ranging from diff eq to physics to annuity payments #OrganicChemistryGod

[@platinumphonesandcomputers]

Can you make videos about Fourier series, they a so confusing

[@cameronkariap9207]

I agree. Fourier 🙏🙏

[@neilg2748]

As the amount of money owed goes down over time, doesn't the interest? So you can't assume the repayments and interest will be the same throughout the 30 year term?

[@G4CEFITNESS]

What does the 1 represent in the formula?

[@ofawright4233]

Where you get the plus 1 and minus 1?

[@hajafatmata4549]

It's just part of the formula

[@cherjc4059]

What if we're gonna calculate mortgage per annum? How do we get it? Thanks for the presentation video.

[@ahnafkhan8115]

You don't divide the yearly rate by 12 and take n equal to the number of years instead of the number of months.

[@2ndgeneration788]

Hey may i know why u divide 5%/100 please

[@georgebakradze3202]

Sry bro can you tell me which platform are you using if it's not secret

[@KaySid-sj7qe]

I love u so much

[@rubamann]

What about the property taxes ?

[@Raidboss89]

I got all that, except when you said raise it by 360. what does that mean?

[@sevculham3246]

my problem with this is does it account for the monthly payments decreasing the mortgage and thus decreasing the interest over time. all of this is based on 5% interest on the principle 300,000 over the entire 30 years. but in 5 years the principle would have decreased and thus interest decrease?

[@keatonmills4800]

The amount of money that actually goes towards your principal is pretty minor in the beginning of your loan, so paying extra on your mortgage payment in the beginning is actually one of the best things you can do. But your point is still valid and it doesn’t account for the pay down I don’t think

[@saludaresmelvin6797]

Can you program this in C++ language?

[@ymyinfinity]

Looked all over for this equation, not sure why it came from an Ochem tutor but who am I to complain!

[@sandras7488]

What is 6 repeating and and how do you raise to 360? I'm not good at math.

[@jubelle35]

Im confused.. 1 - (1+r) what is the 1 mean?

[@DarinHibbs1]

Explain how the interest is frontloaded.

[@yasyasmarangoz3577]

I want to ask you something. Who are you and where did you learn these things?

[@nataliaturkestanskaya6736]

for first example of your calculation I do not get 1610.46 using your formula, I get 1250.77. How did you get your number?

[@BellyRoll2OP]

Teachers always give the hard method first

[@mluckk]

What if my t is smaller than my p?

[@pinnaclefinancial533]

We should not look any interest rate be it Home Loan or Car Loan from the nominal perspective. The basic TVM concept says that you are supposed to look at the figure from the same point in time. Once you will use the present value of an annuity function, then you will get the exact picture how much extra you are paying it turns out to be around $38966.30 in today's dollar value considering the risk free rate of 4%.

[@JesusGarcia-en3pj]

Truth. But using big words will intimidate the uninitiated. It will scare them away thus never bothering to ATTEMPT to make the EFFORT to understand this themselves. And yes, we’re not guiding people by the wrist but now that i am more rounded off, i feel like it’s one of my purposes to teach.

[@bonk4147]

goodluck to me i have an exam about this tom

[@waigicollins2450]

This was helpful and everything, don't get me wrong, but I feel like you just gave us variables and told us to sub in the values, and that's it. WHY is this the formula for a good loan? I missed that part.

[@jordanmosuela4962]

How you get the formula😬

[@DUNGEONDRAGON1000]

Feels like I'm back in math class that I hated 😭🤣😒🙄🙄 I'll just use goggle lol

[@bigblue8986]

Make a video on how you would punch this in on a fancy calculator

[@marcod.phoenix89]

Why is my teacher formula of mortgage payement is different from tutor chemistry...🤔🤔🤔🤔

[@csanton3946]

This is not exact but good approximation. Heres how you do it. Interest paid is based on average loan balance which is the mid point balance (beg + end ) / 2. This average balance multiply by the annual int rate and then number of years and the result is the overall interest paid over the loan period. Add this to original loan balance and then get monthly equal amounts. Thats should be your monthly

[@argoniza1927]

You missed to specify that you are using compound interest law. Moreover under compound interest law, you cannot calculate monthly interest rate as 0,05/12 which is not equivalent to a 5% annual. Finally, compounding you have higher payments; so why not calculate payments under simple interest law?

[@ritahermit4815]

To pay up my mortgage was not really a problem because I did not actually feel it due to how early I did. I had to increase my monthly payment and lowered my principal rate. Thanks to my Forex investment, I had to pay triple of what I paid initially with ease

[@ritahermit4815]

@Amanda Agueda I have a commercial expert that does all the trading for me and sends me profits every 7 days.if you must be successful in Forex trading,you must have a trader with the best methods like my trader mrs Catherine. She is very reliable

[@ritahermit4815]

@Oren Markus sure, you can contact her on WhatsApp with this number 👇👇

[@ritahermit4815]

+'1 323) 920, 0062

[@ritahermit4815]

@Alexander Gheno yes you can invest with her from anywhere in the world

[@ritahermit4815]

@Andrew Loster nice to know someone else here know her😃😃

[@DarinHibbs1]

Zero downpayment?

[@hayyankhan6150]

Paying back is almost double over 30 years time.

[@kubracakmak6997]

Some segments in the video are stamped not adjacent to each other

[@vinnybhatia230]

Why my answere is not coming out 4.467744?? What am I doing wrong

[@gavin777]

I think i js realized u raise it to the 360 power, not just multiplying it

[@dexterthomas4435]

you not showin how you got your answer using the 360

[@FellowKingship]

let's calculate something I'll never have

[@rasami7375]

😂😂😂

[@jacquelinesanchez4478]

When i try to calculate to the power of 360 total different numbers come out from yours Whats going on????? Ahhhhh my brain is crashing

[@huey3044]

same did u figure it out

[@capacitador2003]

did you finally see what's going on?

[@capacitador2003]

i try many ways to obtain the result but doesn't ...... "organic chemistry tutor could give us the solution"

[@tystevens3881]

exactly my thought!!!!!! even when google pulls it up... smh... how did he get the 4.467........

[@shai2137]

I got - 4.467744848