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

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