How To Calculate The Monthly Interest and Principal on a Mortgage Loan Payment

This finance video tutorial explains how to calculate how much of a monthly mortgage loan payment goes to the bank through and how much goes into paying off the principal balance of the loan. This video also explains how to create an amortization schedule using the monthly interest rate formula mentioned in this lesson.
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The Short Ratio:
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Debt to Equity Ratio:
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Time Value of Money:
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Future Value of Annuity:
• How To Calculate The F...
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How To Calculate The Monthly Mortgage Payment:
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The Present Value of an Annuity:
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Net Present Value & Internal Rate of Return:
• Net Present Value - NP...
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Annual Percentage Yield:
• Annual Percentage Rate...
Amortization Loan Formula:
• Amortization Loan Formula
Amortization Table:
• How To Create an Amort...
Rule of 72:
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[@TheOrganicChemistryTutor]

Final Exams and Video Playlists: www.video-tutor.net/ Full-Length Math & Science Videos: www.patreon.com/mathsciencetutor/collections

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this guy is amazing! you have saved me in chemistry thank you

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Wtf type of chemistry did you enter😂

[@barbiemoments]

Me in algebra

[@gigiwong8491]

I lost it where you got $2147.29

[@chuckd9606]

That's the monthly mortgage payment for the $400,000 house

[@alexcasillicasilli7451]

Witch count to arrive a 2147.29

[@Sacmmtwellington]

yeah we just want to know how he calculated it because its confusing@@chuckd9606

[@CliffSedge-nu5fv]

​@@Sacmmtwellington Push buttons on a calculator.

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[@user-gs3sx9yw3x]

Best explanation ever truly

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legend of mathematics!

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[@SuperYoonHo]

Thanks sir

[@YiishikiMore]

What if you are on a variable interest and the rate changes each month? Would I just use that new rate for that month?

[@artistarmygrv1087]

i wish you be my maths teacher you teach better than my maths teacher

[@chuckd9606]

Wow!! This really sounds and looks like a super huge racket by the banking industry

[@rmusic8969]

Thank you

[@SuperYoonHo]

congrats on5.06 m subs

[@43SunSon]

Thank you so much. I still have one more question, what happens if there is one-time payment? how should I calculate that table again?

[@oldelectronics70]

The month you do your one-time payment (including your regular payment) you would subtract from that the interest that corresponds to that month, this will give you the amount that contributes to the principal. Then subtract this from the previous balance to calculate the new balance. You could use "velocity banking" to make additional payments every 6 months and pay your home much faster. Here is a good video that you can look at about this subject.: kzbin.info/www/bejne/rYDFeGyYqbF7npo

[@43SunSon]

thanks buddy. @@oldelectronics70

[@e2k220]

FeelsStrongMan thanks xqcL

[@dipikakisku5401]

Can you make vedio on physics math.

[@Gfavvid]

Wow!!

[@benderbendingrofriguez3300]

you could make an example with Canadian Mortgage?

[@RudhinMenon]

Thanks for sharing crucial life skills lol, one quick question, how is biweekly payment better than monthly ? thanks :D

[@Jerry-rn9kr]

U would be making an extra payment every year bi weekly …1 payment a month =12 payments a year …52 weeks in a year divided by 2 for biweekly payments = 26 divided by2 = 13 so it’s like paying 13 payments a year instead of the 12 payments ….i could be wrong tho I smoke a lot of Pot

[@jenniferbarton6331]

How do you calculate the $2147.29?

[@CliffSedge-nu5fv]

Push buttons on a calculator.

[@Rudenbehr]

What does JG mean

[@anjleesharma1599]

JG→Julio Gonzales. It's the name of our dear Organic Chemistry Tutor. :)

[@kg83]

So that means I need to saved at least 100k before purchasing a home on a 320k loan!

[@america1897]

How do I do this on an iphone

[@cuberdaboi2397]

💀

[@claudiadeleon8150]

Where is the 12 coming from (12 months )?

[@nhitc6832]

because there are 12 months in a year

[@TruthHurtzandHealz]

So on a 30 year loan at 2,127.27 per month, you'll have paid $774,000 for a 400K house because of a 5% interest?

[@gisellegarcia1104]

So crazy right !!!!!!! Im literally sitting down thinking the same thing !

[@TruthHurtzandHealz]

@@gisellegarcia1104 Capitalism. SMH

[@Theextremepessimist]

And do it for 7 percent now. That’s the new rate.

[@TruthHurtzandHealz]

@@Theextremepessimist "Extreme Pessimist" Lol. Come on! You gotta think more positive! Definitely a light at the end of the tunnel!

[@xiaohuijin4952]

i watch thisbvideo is too late. Paid so many interest to the banks

[@Boosted18]

But... you need to subtract monthly home insurance, taxes, if you have mortgage insurance and HOA if you got 'em and then THAT is the actual amount going to your monthly principle payment.

[@CliffSedge-nu5fv]

No, those are separate expenses. "Principal" only refers to the $400,000 cost.

[@Boosted18]

@@CliffSedge-nu5fv Technically; However, if you want people to get an actual specific understanding of how much will go into their principle, they will have to include/consider the factors I mentioned. Many people don't....

[@frankayala3950]

Has anyone found a video of a simplified way without the geek talk about Rs and Ns ? Simple talk ( principal, interest %, months, etc...) ? 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

[@hoorkitchen4475]

Join math unknown

[@andreamontalvo756]

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