How do I figure home mortgage interest?
84661
and here is another....you can do prepayment savings analysis on this one too!!  Enjoy\n\nhttp://www.jeacle.ie/mortgage/
135523
If you mean your 1098, mortgage interest form, you can always get that information by calling the bank.  If you want to know how much tax you save with the deduction, try calculating your taxes with the deduction, and then without it.  Or, look at your total interest deduction compared to your tax bracket.
124731
All you need to do is call any local real estate agency and find out what your home is worth now, and then ask them how much the local market has appreciated over the last three years, and just subtract the percentage for each year, (one year at a time) for three years back. Example: If your home is now worth $400,000, and homes went up 10% in 2004, and 5% in 2005, then you would minus the 5% first from the $400K wich would equal $380K, and then minus the 10% from that number wich would equal $342K. This is just an example, but that is how you do it.
894668
the equation for interest is I=p*r*t\n\nso plug in 400 for I, 5000 for P and 4 for T(time) in years:\n\n400=5000*r*4\n\nthen you just solve for R\n\n\nhope that helped
11219
To calculate compounded interest:\nBalance=Principal*(1+rate/compounds per year)^(number of years*compounds per year)\n\n$6000*(1+.06/2)^(3*2) is about $7164.31.
261404
The mathematical formula for calculating your mortgage payment is MP = LB [ (I (1+ I)n)¸((1+I)n - 1)], in which MP is the monthly payment, LB is the loan balance, I is the monthly (annual¸12) interest rate and n is the number of periods for the amortization.
337558
It depends if it's simple interest or compound (sometimes called effective interest).\n\nI'm also assuming that the 6.5% is per year.\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for simple interest is:\n\n(1 + ni)\n\nSo if we double our initial amount then this factor must be 2.\n\n1 + 0.065n = 2\n\nThis gives\n\n15.38 years (I am assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for compound interest is:\n\n(1 + i)^n\n\nSo if we double our initial amount then this factor must be 2.\n\n1.065^n = 2\n\nTo solve this we need to take logs:\n\nln (1.065^n) = ln 2\n\nWe then use the rule that ln (a^b) = b ln a\n\nn ln 1.065 = ln 2\n\nSo:\n\nn = ln 2 / ln 1.065 = 11.007 years\n\n(Again I'm assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\n(PS you can use other logs as well for this - it doesn't make a difference here)
19117
Try this one\nhttp://www.hfamerica.com/?ovchn=GGL&ovcpn=11.26&ovcrn=mortgage+rate&ovtac=PPC
1117821
Excellent question. Hopefully it is a 15 year fixed.  That being said, your mortgage on a 15 year note is comprised of P.I.T.I. if you did not put up 20%. If you did, then it is only P. (principal) and I. (interest). When you pay extra towards the principal, the interest is lowered. TO get a calculator for this, go to Dave Ramsey's website. See below. GO through Financial Peace University while you are at it.
880662
I've got the first part.  I/rt = P\nSo, 93.08/(.065 times 1.33) = 1076.69 dollars\n.\nHere is the second one, I hope. I = Prt .\nSo, 56000times .12 times 1 = 6720\nNow divide 6720 by twelve to find the interest for each month.\nIt's 560 \nSubtract 560 from the monthly payment of 619.36 = 59.36. This is the amount coming off the principal. So after one month the principal is 56000- 59.36 = 55940.64\nHere is the third one.\nI = Prt\nSo 387000 times >147 times 15 = 853335 dollars to be paid back in 15 years. Divide that amount by 180 months(15 years) and you get a monthly payment of 4740.75\nI hope those folks have really good jobs. Ha
248629
Your total monthly housing payment (including taxes and mortgage and insurance) should be about 1/3 of your take home pay.  So, you can figure your mortgage by what that payment amount would equate to!\n\n:-)
706748
Is 7% the annual interest rate?  If so, then over 60 days, that interest rate would be 7% * 60/365 = apx. 1.15%.  Divide your interest earned by that interest rate to determine your principal:\n\n54,509 / .01150685 = $4,737,091
787536
wheather it is 12C or 2C form.\n\nAnyhow interest on housing loan for self-residential house can be claimed as a deduction upto rs.150,000 as a loss from income from house property if the loan as taken after 1.4.99. it loan taken before thes date then the amount is Rs.30000.\n\nFor letout property full amount of interest paid can be claim as a deuction from income from house property.
1093368
Go to mortgages.interest.com\nClick on calculator link on the left\nThey have different types of calculators including a comparison of 15 and 30 year mortgages.
246324
The simplest way is to multily by 12.  While that doesn't give the exact rate, it is generally close enough.  For deposits, (savings accounts or money markets) rates are usually expressed in APY (annual percentage yield).  So a money market paying 6% APY would have a 0.5% monthly yield, if interest is compounded monthly.\n\nFor loans, most lenders calculate interest by assuming that each month has 30 days and each year has 360 days.  That makes each month have the same interest.  To get the actual annual rate, you would divide the monthly rate by the number of days in the month (31 for march) and multiply by the number of days in the year (365).  But the result is so close that it's usually good enough to just multiply by 12.
840664
Compound interest is R=((1+r)^n)-1. Simple interest is R=r*n. If you know r and n then you can calculate either one. If you know n and R then you can reverse the formulas to find one or the other.\nFor example, 1% per month is 12% simple and 12.68% compounded. 12% p.a. compounded monthly is 0.949% per month, which is 11.39% simple.
384122
Choose x to stand for the amount invested at 10%.  The remaining amount would be 15,000 - x.  It's invested at 6%\n\nChange the percents to decimals, multiply them by their amounts, and add them up to get the total interest:\n\n.10(x) + .06(15000 - x) = 1260\n\nDistribute the .06: .10x + 900 - .06x = 1260\n\nCombine like terms: .04x + 900 = 1260\n\nSubtract 900 from both sides:  .04x = 360\n\nDivide both sides by .04: x = 9000\n\nFind the other number:  15000-9000=6000\n\nSo, $9000 at 10% and $6000 at 6%.\n\nHope that makes sense!