What is the amortization period of the mortgage and the conversion periods (i.e. is the
rate compounded monthly/semi annually...).


--
Regards;
Rob
------------------------------------------------------------------------
"Ron" wrote in message ...
Hi, is this the correct formula to calculate mortgage interest on an
interest only mortgage?
=SUM((B3*B4)/12)*-1 where B3 is the mortgage and B4 is the interest rate.
Thanks Ron