Morgage Amortization Calculator?
Would anyone have a website url that would allow me to figure out how many years it would take me to pay off my mortgage under the following conditions:
Mortgage amount – $100,000
Mortgage rate – 4.9%
Monthly payment made – $860
Payment frequency – monthly
The assumption is all the numbers listed above would not change during the duration of the mortgage.
If there is a website that would help me figure this out, that would be great as I’d like to try different numbers to see what makes sense for my situtation.
Thank you
www.bankrate.com/brm/amortization-calculator.asp
Why consider a longer mortgage amortization (up to 40-years)
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