monthly mortgage payment calculator
Hi,
Mnthly paymt= 100000*(0.06/12)*((1+0.06/12)^360)/(((1+0.06/12)^360)-1)
Regards,
B. R. Ramachandran
"Raza" wrote:
I tried to make a mortgage calcultor but my numbers do not jive with the
realtors web sites. My formula= (100,000*.06)/12 does not include the
interest so my calculations were too low.
How would I figure out a monthly payment for a $100,000 loan at 6% over 30
years? Is there a special formula?
Thanks.
-Raza
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