Shows the cost per month and the total cost over the life of the mortgage, including fees & interest.
Shows the cost per month and the total cost over the life of the mortgage, including fees & interest.
P=A*i
where
i= I/12
P=A/D
where
D=(((1+i)^n)-1)/((i(1+i)^n)
n=(L*12)
i= I/n
--------------------
(P) - Total Payment Amount
(L) - Mortgage Length
(A) - Total Loan Amount
(D) - Discount Factor
(I) - Annual Interest Rate
(i) - Periodic Interest Rate
(n) - Number of Periodic Payments
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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla,.
P=A*i
where
i= I/12
P=A/D
where
D=(((1+i)^n)-1)/((i(1+i)^n)
n=(L*12)
i= I/n
--------------------
(P) - Total Payment Amount
(L) - Mortgage Length
(A) - Total Loan Amount
(D) - Discount Factor
(I) - Annual Interest Rate
(i) - Periodic Interest Rate
(n) - Number of Periodic Payments
