Posted by **alisha** on Thursday, September 23, 2010 at 8:06pm.

What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for

30 years?

- math -
**Reiny**, Thursday, September 23, 2010 at 8:26pm
Try this online calculator

http://www.mortgagecalculator.org/

set the tax rate to zero.

or

i = .075/12= .00625

solve for x

90000 = x[1 - 1.00625^-360]/.00625

I got 629.29

(the online calculator got the same thing)

- math -
**alisha s.**, Thursday, September 23, 2010 at 8:51pm
thank you so much for that online calculator. it is very helpful

## Answer This Question

## Related Questions

- Math - You have a $200,000 mortgage. You have had the house for one year. The ...
- Math - You have a $250,000 mortgage. The 30- year fixed rate is 8.5%. You have ...
- consumer math grade 12 - jesse buys a 150 000 house and will make a 30 000 down ...
- Finance - A bank is willing to give you a Rs1,000,000 home mortgage at 12% ...
- Math - Shantle and Kwamie are planning to buy their first home. Although they ...
- math - Jon Ericson bought a home with a 11.5% adjustable rate mortgage for 20 ...
- math - A lender gives you a choice between the following two 30-year mortgages ...
- Finance - Loans problem please help - A company borrows $170000, which will be ...
- Calculus - A $99,000 mortgage for 30 years at 9% APR requires monthly payments ...
- calculus - the monthly payment that amortizes a loan of A dollars in t yr when ...

More Related Questions