Is there a formula that I could simply plug the numbers into that would give me the amount of the payment for $137,500 with a 5.25% interest rate for 30 years? Im sorry, I can’t figure out that formula, could you please explain it step by step so that I can figure out how to [...]

Ok , I am doing an assignment for a mortgage calculator in JAVA. The assignment is to write the code first, then enter into JAVA to execute. I am all new to this so……Here is my code and it will not execute. I am lost as lost can be. Any help will be appreciated. public [...]

I am doing a mortgage calculator, it is supposed to give a list of declining list of payment but it does not and I can not figure out why I did wrong. It runs gives the amount of the payment and it has headers but no list. /** *Week 2 Assignment- Diane Beck * A [...]

Please bear with me. I am a first year CS student and I know the mistakes I’ve probably made are silly. // Mortgage Calculator #include <iostream> #include <string> #include <iomanip> #include <cmath> using namespace std; int main() {// User input cout << "Welcome to Eric’s Mortgage Calculator!"<< endl; string name; cout << "First,what is your [...]

I went to some mortgage calculator website and put those numbers. Loan amount: $100,000 Interest rate: 5.20 % Amortization: 25 Monthly mortgage payment will be: $593.04 Yearly: $7116.48 What really confused me was when I calculated the total payment after 25 years. 7116.48 X 25 = $177,912 The question is, how come only %5.20 interest [...]

I tried going to a site with an amortization calculator but when I applied an extra payment per year it only reduced the payoff by a month or two. That doesn’t seem right. 178,000.00 balance approx 1,400.00 per month 3.75% interest Hirebook, As I said I did use a calculator but it just didn’t seem [...]

I entered the following into an online mortgage balloon calculator: Loan amount $100,000.00 Interest rate 6.000% Term 10 years Amortization period 30 years My question is: After 119 monthly payments of $599.55 why does the balloon payment come out to $84,285.33 ? If everything is due on a 30 year amortization schedule, shouldn’t the amount [...]

Okay, I have an assignment due TOMORROW in English using an amortization calculator and I have absolutely no clue what to do.. He gave us the website of the calculator to use (http://www.bretwhissel.net/cgi-bin/amortize) and he said that we have to come with a minimum of 15 years interest rate and then we have to write [...]

Would anyone have a website url that would allow me to figure out how many years it would take me to pay off my mortgage under the following conditions: Mortgage amount – $100,000 Mortgage rate – 4.9% Monthly payment made – $860 Payment frequency – monthly The assumption is all the numbers listed above would [...]

I have created a simple mortgage calculator which will work out the mortgage payments for a specific loan to value (5%, 10%, 15% down etc) and it will add mortgage insurance and calculate the income required. How do i add a formula which will work out the mortgage insurance for any down payment amount. i’m [...]