How To Calculate A Mortgage Payment

www.zrealestate.net – in this video we discuss exactly how to calculate a mortgage payment including the 4 basic components of the payment (PITI) Which are principal, interest, taxes, and insurance. A principal and interest payment, also known as an amortized payment is one in which principal is paid in addition to simple interest. This principal and interest portion of the payment is predicated upon the loan amount and the interest rate, while the remaining to portions, taxes and insurance, are both based upon the sales price instead of the loan amount.

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Post by Jonathan Zuckerman

Jonathan has written 240 articles.

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