what is the formula for finding payments on a mortgage?


3 Responses to “what is the formula for finding payments on a mortgage?”

  1. Barkley Hound says:

    Without a financial calculator mortgage payments are very difficult to compute. I would recommend using the formula in a spreadsheet or find a web site with a calculator.

  2. Disney says:

    Here use this link yahoo offers it.. you can plug the information in and it will give you the payment automatically. You can play with the rate, or the terms (# of months).. Don’t forget when you are planning on figuring out your monthly payment to add your monthly taxes and insurance to it, they can be big expenses.

    http://realestate.yahoo.com/calculators/payment.html

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