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You can easily calculate your
monthly mortgage payments using our simple amortization
calculator.
Here's how:
First, enter the number of payments you expect to make. A 15
year mortgage is (15 x 12) or 180 payments. A 30 year mortgage
is (30 x12) or 360 payments. Next, enter an interest rate. You
can enter the interest rate as a percentage or as a decimal.
Finally enter the amount you plan to borrow, also called the
principal and click compute. Your monthly payment will be
displayed in the box. |
