What is the formula for mortgage calculation

Discover the essential formula for calculating mortgages in simple terms. What is the formula for mortgage calculation? r = Annual interest rate (APRC)/12 (months) P = the principal (starting balance) of the loan. n = number of payments in total: if you make one mortgage payment every month for 25 years, that’s 25*12 = 300. It’s a commitment that spans years,

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