Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 05-22-2006, 07:07 PM
geormiet geormiet is offline
Senior Member
 
Join Date: Jul 2004
Location: San Francisco
Posts: 2,237
Default break down a loan for me

I'm having trouble fully understanding how mortgage payments work.

here's a hypothetical example:

I take out a $100k 30 year fixed rate loan at 7% APY.

How much interest am i paying each month? How much in interest will I have paid at the end of the 30 years? Do I pay the same amount of interest each month?
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 02:06 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.