how do you compute for the monthly amortization?

amortization
mArQuiTa ChiKa asked:


how do you compute for your monthly amortization given the interest rate,principal amount plus the # of months to pay?
what is the formula to use?
thanks!

http://1mortgagecalculator.info

5 Responses to how do you compute for the monthly amortization?

  1. Amanda
    June 13, 2009 at 6:24 pm

    Just type in “amortization calculator” in google. Here’s the one I use:

  2. snowboy789
    June 17, 2009 at 1:32 am

    go 2 google

  3. Kitty
    June 17, 2009 at 2:13 pm

    “MSN money central” has a calculator for this plus many more !!

    : )

  4. Jen G
    June 17, 2009 at 4:39 pm

    go to and under mortgage calculators you just need to enter your info and it will show you the fully amortization P&I.

  5. Drink Wine
    June 18, 2009 at 10:51 pm

    The original question was: *how do you compute* or *what is the formula* (not *how to find a mortgage calculator*).

    The loan repayment process that is called ‘amortization’ (recalculating the interest and principal every month) is explained at:

    The equation for the monthly payment is derived.

    The exact formula is given.

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