Calculating a Mortgage Payment (using the Annuity Formula)

[@andrewgreen1970]

I love your delivery and choice of words at the end of the video. :D Great work on this whole thing.

[@mohamedsheikh2502]

Thanks a million for this eye opener , most of us never think of this. i always divide monthly payment in to 6 month and add that extra every month which comes to two payments extra per year .If you look at the loan. most of the payment is interest for first 17 years ,so extra payment helps . Regards

[@samanthahernandez6733]

Thank you so much I finally found the video I needed to get help for this question.

[@Nabifroese]

Awesome glad to help!

[@Drsfmulero]

Thanks!! very clear and personal video 🤓

[@Nabifroese]

You're welcome!

[@HondudeTeamMudhogs]

I wish you had one of these video for when the first term ends and you want to calculate the new monthly payment with a different interest rate.

[@auggie572]

What do you do if youre not given the down payment? how would you calculate the PV? or would it just be the morgage thats given?

[@Nabifroese]

Yes it would!

[@mzsolsol1461]

thank you!!!! for video

[@wisaammohammed5112]

👏🏾👏🏾👏🏾

[@bengambino8326]

Perfect.

[@MG-ri8rm]

According to my calculator the answer is 2609,92