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If I want to buy a house that is 400000 on a 30 years mortgage of 5%, a calculator would tell me that I would pay around 00 a month for 30 years…that means a total of 0000. I don’t understand because that would mean I would pay an extra 320K in addition to the … Continue reading

I can’t seem to find an interest only mortgage calculator that calculates in dollars (not £), and also lets you calculate what would happen to your loan if you paid extra towards it each month. I’m using a mac, and the one I did find didn’t seem to work on macs. help! i’ll try imagining … Continue reading

I am looking for some clarification. When the HAMP program reduces your mortgage payment down to 31%, does this include Taxes and Insurance? For example, I make 00/month gross income, with a 50 mortgage payment which includes escrow of 0. I am at 39% DTI ratio. So a reduced payment will be 50. Is the … Continue reading

I did allright with the program, but now I have to add an array of 7 years payment amount @ 5.35%, 15 years payment amount @ 5.5%, and I have yet to be ableto put this into a decimal place of two. This has been a very complicated addition to an easy program. How can … Continue reading

1. You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have ,500 per year for the next two years, or you can have ,000 per year for the next two years, along with a ,000 signing bonus today. The bonus is paid immediately, … Continue reading

Me and my partner are currently renting at nearly £700 a month!!!! Therefore it is impossible for us to save a deposit for a mortgage (I assume most first time buyers are in the same dilemma) All we have is £2,000 which was our deposit on the place we are renting at the moment, Yes … Continue reading

There are many mortgage calculators available on-line. I need one that tells me the payoff amount of my mortgage in (lets say) 90-days from now. The mortgage payoff calculators on line only tell you how much one can save if you make extra payments to your mortgage. I need a calculator to tell me the … Continue reading

I am young(ish), just married, just bought our first home last year. Now I have to think about all sorts of boring grown-up stuff like retirement. Whoopee! Anyways, I’ve been playing around with retirement calculators and from what I can tell, we would need to set aside what seems like a huge amount every month … Continue reading

I’m trying to make a mortgage calculator in Excel and I need to use the PV() function to get the balance at th end of on year. Loan starts @ 585000 with a rate of 5.00% and a payment of 3140.41. I have tried several ways to input th information into the function and the … Continue reading

Hello, my spouse and I are in the market for life insurance now. After some researching, we have pretty much decided to go with term or term return of premium insurance. I still have following to decide and if you could enlighten me on these I would appreciate it very much. Which company? I found … Continue reading