Jun
06
How to calculate some mortgage problems?
ByI need to find the maximum mortgage i can get from a 6.5% mortgage for 30 years.
Im given this information:
i make 60,000 a year
i have a 40,000 trust fund
i make 5,000 a month ( i did this calculation myself)
and the maximum monthly payment i can make is 1,400. ( i did this calculation myself)
Ok i need how to do it mathmatically. The worked shown. Thanks I need tons of help im on aol messenger: warfront1
Thanks in advance
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1 Comments
June 8th, 2010 at 6:01 pm
Bankrate.com then show the chart.