How do you figure amortization by hand, without the help of a mortgage calculator?
Is there a formula that I could simply plug the numbers into that would give me the amount of the payment for $137,500 with a 5.25% interest rate for 30 years?
There is a formula, but I don’t remember what it is. But, if you can get that loan at that interest rate over 30 years, TAKE IT! That is a great deal.
Mortgage Savings Account – www.Arvista.com
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