Friday, July 1, 2011

How could I work out my monthly mortgage payments if I only had a pen and paper?

I know I could use a simple mortgage calculator, but I am curious to know how my mortgage payment is arrived at. Is it cumulative interest plus principal divided by years and months. Please could you supply a detailed example as I not too hot with maths. For example a �100000 mortgage at 5% over [...] http://bit.ly/j7d4ll

No comments:

Post a Comment