How to calculate down payment on a house

Mathematics

1 answer:

Scrat [10]3 years ago

8 0

Answer:

Steps below:)

Step-by-step explanation:

1. Find the mortgage amount.

2. Choose a interest rate on your mortgage.

3. Choose a mortgage term that is the median for your financial needs.

4. Calculate the monthly principal and interest payment using a financial calculator, a spreadsheet program such as Excel or an online mortgage calculator.

5. Determine the monthly amount you will pay into escrow each for payment of your property taxes.

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