How To Calculate Your Monthly Mortgage Payment, Interest and Principal Payment, and Loan Paydown

There are many free resources online to help you calculate your monthly mortgage payment, principal and interest payment, loan paydown, amortization schedule, and more. These resource are fantastic options for finding quick and reliable information.

However, if you want to better understand how a mortgage works and what factors affect your monthly payment amount and more, then try doing the calculations yourself! It's really not as hard as it may seem, and in this video, I walk you through it - step by step.

If you want to learn how to make your own amortization schedule in excel, then check out this video: https://youtu.be/vckYbQielYk

Or if you would rather just download my excel, you can do so here: https://drive.google.com/file/d/1g14gUUtkPMAL93rRg-X32BjSYptGNhjB/view?usp=sharing

The link to Bankrate's mortgage calculator which I reference in the video is below:
https://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Thank you for watching and please like this video and subscribe to my channel! I really appreciate it!

Видео How To Calculate Your Monthly Mortgage Payment, Interest and Principal Payment, and Loan Paydown канала Real Raw Rentals