By Admin on Feb 29, 2008 in Renting & Real Estate
Quinn M asked:
I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years).
I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years).
I’m kind of inexperienced with financial math. I need to use this for a math project though, so any help would be appreciated.
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Hi I’m not sure where you are from but I know a good one is at
hailz9947 | Mar 1, 2008 | Reply
I believe you are asking for an amortizing schedule which should show you the total amounts of principle and interest over the years. Do a google search for it.
Free Thinker | Mar 4, 2008 | Reply