Where can I find a mortgage calculator that calculates the total cost for your home based on monthly payments?
July 6, 2008 · Print This Article
Quinn M asked:
I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years).
I have no problem finding regular mortgage calculators online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I’m looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years).
I’m kind of inexperienced with financial math. I need to use this for a math project though, so any help would be appreciated.
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.
Hi I’m not sure where you are from but I know a good one is at
I believe you are asking for an amortizing schedule which should show you the total amounts of principle and interest over the years. Do a google search for it.