how to calculate how much interest you have paid on mortgage?
150860
["Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). ... ", 'Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.']
1258574
Your new UFMIP amount. This is calculated by multiplying your base loan amount by 1.75% (all FHA mortgages charge this amount).
164427
Step by Step Calculation step 1: multiply the given principal sum P, interest rate R in percentage & time period in years together. ... step 3: divide the simple interest by 12 for 1 year or 24 months for 2 years and so on, provides the monthly payable interest amount.
464404
To calculate interest rate, start by multiplying your principal, which is the amount of money before interest, by the time period involved (weeks, months, years, etc.). Write that number down, then divide the amount of paid interest from that month or year by that number.
94919
['Divide the 25% purchase APR by days in a year.', 'Multiply that number by the average daily balance.', 'Multiply by the number of days in your billing cycle to get your monthly interest charge.']
26586
You can figure out how much equity you have in your home by subtracting the amount you owe on all loans secured by your house from its appraised value. For example, homeowner Caroline owes $140,000 on a mortgage for her home, which was recently appraised at $400,000. Her home equity is $260,000.
78910
An easy and straightforward way to calculate the amount earned with an annual compound interest is using the formula to increase a number by percentage: =Amount * (1 + %) . In our example, the formula is =A2*(1+$B2) where A2 is your initial deposit and B2 is the annual interest rate.
995202
Your annual rate is 6 percent and you have made 10 years' worth of payments, so you have 240 payments left. Therefore, PMT is 1,450, N is 240 and R is 0.06/12, or 0.005. Plug them into the formula: B = (1450/0.005) x (1 - 1(1.005^240)) B = 290,000 x 0.6979 B = 202,391 You have about $202,391 left on your mortgage.
634500
1. Divide your interest rate by the number of payments you'll make in the year (interest rates are expressed annually). So, for example, if you're making monthly payments, divide by 12.
645505
['Daily Compound Interest = Ending Investment – Start Amount.', 'Daily Compound Interest = [Start Amount * (1 + (Interest Rate / 365)) ^ (n * 365)] – Start Amount.', 'Daily Compound Interest = [Start Amount * (1 + Interest Rate) ^ n] – Start Amount.']
265188
['Add up your total monthly income. ... ', 'Multiply it by 25% to get your maximum mortgage payment. ... ', 'Use our mortgage calculator to determine your budget. ... ', 'Factor in homeownership costs. ... ', 'Get Preapproved for a Mortgage.']
376344
['Add the nominal interest rate in decimal form to 1. ... ', 'Solve step one to the power of how many compounding periods. ... ', 'Subtract from step two. ... ', 'Multiply step three by the principal amount This will give you the total amount of interest that will accrue over the life of the loan or investment.']
488235
To calculate your front-end ratio, divide your annual pre-tax income by 12, and then multiply this amount by 0.28. As an example, if your salary is $60,000 per year, dividing by 12 gives a gross monthly income of $5,000, and multiplying this by 0.28 gives a maximum mortgage payment of $1,400 per month.
622514
['Launch Microsoft Excel. ... ', 'Type "Principal" into cell A1 on the Excel worksheet. ... ', 'Enter the amount of the mortgage principal in cell B1.', 'Enter the interest rate in cell B2. ... ', 'Enter the number of months in the loan term in cell B3. ... ', 'Enter the following formula in cell A4, beginning with the "equals" sign:', '\\=B2/1200.']
803666
['Step 1: To calculate your interest rate, you need to know the interest formula I/Pt = r to get your rate. ... ', 'I = Interest amount paid in a specific time period (month, year etc.)', 'P = Principle amount (the money before interest)', 't = Time period involved.', 'r = Interest rate in decimal.']
859847
['=PMT(interest rate as a decimal/12, number of months in loan term, loan amount, with fees)', '=PMT(.04/12, 60, 13000)', '=RATE(number of months in loan term, estimated monthly payment, value of loan minus fees)*12.', '=RATE(60,-239.41,12500)*12.']
330749
['A = Accrued Amount (principal + interest)', 'P = Principal Amount.', 'I = Interest Amount.', 'R = Annual Nominal Interest Rate in percent.', 'r = Annual Nominal Interest Rate as a decimal.', 'r = R/100.', 't = Time Involved in years, 0.5 years is calculated as 6 months, etc.']