How do you calculate what your mortgage payment will be without using a mortgage calculator?

January 17, 2007 by admin  
Filed under Questions and Answers

mortgage
NeedInfo06 asked:


Can somone show me how to calculate a mortgage payment

like for example

what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?
Can somone show me how to calculate a mortgage payment

like for example

what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?

I need to know how to do the mathematical calculations, don’t just give me the anwser.

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