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Monthly Payment

Posted on: Tue, 06/24/2008 - 17:32
Monthly Payment

Stupid question, but I have never been able to figure this out.
How do you calculate a monthly mortgage payment given the interest rate, the life of the life of the loan and the sale price?

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Nick Walters
Walters Property Investment Group, LLC


Posted on: Tue, 06/24/2008 - 18:48 #1
Use this

Use this calculator:

http://www.deangraziosi.com/calculators/Mortgage-Payment-Amortization.ht...


Posted on: Tue, 06/24/2008 - 21:11 #2
thanks

Thanks, but I was hoping someone could walk me through doing this manually with a calculator. I assume this is an important task when at the deal table
Thanks
N

__________________

Nick Walters
Walters Property Investment Group, LLC


Posted on: Tue, 06/24/2008 - 21:17 #3
Not exactly no.. Unless you

Not exactly no.. Unless you get an HP.. Then it will do it for you.

I dont think you have to know what the payment is going to be right then and there.

There actually are little guides you can buy which give you the payment per 1000 at given interest rates. That would be a good place to start if you really do need it.


Posted on: Tue, 06/24/2008 - 21:20 #4
Great

Great, that helps me out, thanks wmark.

__________________

Nick Walters
Walters Property Investment Group, LLC