Posted by Cheryl on Thursday, January 26, 2012 at 9:11pm.
what would the monthly payment be on a $115,000 home with a 4.4 percent annual interest?

mortgage rates  Ms. Sue, Thursday, January 26, 2012 at 9:17pm
That depends upon the size of the mortgage and the number of years in which you've agreed to pay it off.

mortgage rates  Damon, Thursday, January 26, 2012 at 9:40pm
I did one very much like this earlier today.
You need the number of years of course.
periods = years * 12
HERE IS ONE LIKE THIS
NOT THE SAME
the patel family recently purchased a home taking out a mortage of $235,000 at 8% for 25 years excluding taxes and insurance what is the monthlt piti payment for their loan
finance  Damon, Thursday, January 26, 2012 at 3:12pm
pmt = PV [ r/{1  (1+r)^n} ]
r = .08/12 = .0066666
n = 25*12 = 300
1+r = 1.0066666
(1+r)^300 = .13624
+1 = 1.13624
.0066666/1.1364 = .005867
* 235000 = $1,378.82 per month
Answer This Question
Related Questions
 Math  Shantle and Kwamie are planning to buy their first home. Although they ...
 Finance  Audrey Sanborn has just arranged to purchase a $550,000 vacation home ...
 Math  You have a $200,000 mortgage. You have had the house for one year. The ...
 math  Jon Ericson bought a home with a 11.5% adjustable rate mortgage for 20 ...
 financial management  suppose you purchase a home for $150,000.and obtain a 90...
 math  A lender gives you a choice between the following two 30year mortgages ...
 accounting  You have just purchased a house and have obtained a 30year, $200,...
 finance  A potential homebuyer has an annual income of $40,000.00. Assuming an ...
 Finance  If a home buyer purchases a home in 2006 for $225,000 with a 10% down ...
 accounting  House mortgage You have just purchased a house and have obtained a...
More Related Questions