Category Archives: Mortgage Amortization Information

Mortgage Amortization Information

Can I offer owner financing on my house if I still have a large mortgage on it?

I need to sell my house and owe 0K. I found a buyer who is willing to put down K and pay me 5K for the house with monthly payments of ,650. I need help figuring out interest rate, amortization, etc. This will cover my current mortgage, taxes and insurance. What is the best way … Continue reading

What if I make payments at the beginning of a payment period?

What if I make payments at the beginning of a payment period? So I wanted to know whether or not it would be worth it for me to pay off my mortgage by making monthly installments at the beginning of the payment period instead of waiting until the end. Does anyone know what an amortization … Continue reading

Mortgage Problems!! Grade 11?

Jose has a mortgage at 9.95% compounded semi-annually, amortized over 25 years. If Jose decides to change his mortgage payments from 00 a month to 0 every two weeks, what will be the effect on his amortization period?

Is there a website that will create an amortization schedule for an ARM loan (adjustable rate mortgage)?

I was wondering, with all the problems the banks have over foreclosure paperwork and other mistakes, is it possible that my bank made a mistake with the variable interest rate on my ARM loan? How would I know? Is there a website that provides an amortization schedule of an ARM loan or that audits adjustable … Continue reading

Amortization calculation?

You put 30% down on a 0000 home and finance the balance through a 30-year mortgage at 6.1% compounded monthly. You agreed to a monthly payment of 02.55 even though that is not the payment our amortization process would have found. Provide answers correct to at least six significant digits for each of the following. … Continue reading

How does mortgage prepayment affect future amortization? I'd like a spreadsheet?

I’m about halfway through a 15-year, fixed-rate mortgage. I have an amortization schedule from when the loan was originated. I would like to see how irregular prepayments to principal affect the amortization going forward. About 0 of my monthly payment goes to interest right now, and declines slightly by month. If I pay down the … Continue reading

Mortgage Payment Amortization Schedule

A mortgage payment amortization schedule provides details of the periodic payments which will be made on a loan and has been generated by an amortization calculator.  What is especially important is that these particular schedules should show the specific amount that will be borrowed along with the interest that will need to be paid. It … Continue reading

Loan Amortization Tables

Probably the most important investment that any one is ever likely to make in their lives is when they take out a mortgage to purchase a home. However in order for you to work out just what the right sort of mortgage is for you, you will need to calculate just how much you can … Continue reading

Reverse Mortgage Calculators

First let us provide a little bit of explanation on what a reverse mortgage is before we look at what a reverse mortgage calculator does. A reverse mortgage is a type of loan provided to those over the age of 60 who want to borrow some money against the value of their property. Normally this … Continue reading