What Would My Monthly Mortgage Payments Be On A $625,000.00 Loan With 5% Interest For 30 Years?
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asked 11 months ago
2 Answers - Sort by: Date | Rating
Use the payment formula to figure out.
Pmt = L x [r((1+r)^n)]
[((1+r)^n)-1]
L = $625,000
r = 0.05/12
n=360
Do the substitutions to calculate your monthly payment.
Pmt = L x [r((1+r)^n)]
[((1+r)^n)-1]
L = $625,000
r = 0.05/12
n=360
Do the substitutions to calculate your monthly payment.
0
0
$3,355.14 per month.
You can do these easily with a mortgage calculator. It's pretty easy. Just enter the amount, interest rate and number of years.
You can do these easily with a mortgage calculator. It's pretty easy. Just enter the amount, interest rate and number of years.
0
0
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