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Loan Payment Calculator Date 10/1/2021 Rate 4.32% Property Beecher Street Term in Months 360 Price $ 350,000 Monthly Payment $1,562.55 Down Payment $ 35,000 Total
Loan Payment Calculator | |||
Date | 10/1/2021 | Rate | 4.32% |
Property | Beecher Street | Term in Months | 360 |
Price | $ 350,000 | Monthly Payment | $1,562.55 |
Down Payment | $ 35,000 | Total Interest | |
Loan Amount | Total Cost |
- In cell B7 (Loan Amount), calculate the loan amount by entering a formula without using a function that subtracts the Down_Payment from the Price.
- In cell D6 (Total Interest), enter a formula without using a function that multiples the Monthly_Payment (cell D5) by the Term_in_Months (cell D4), and then subtracts the Loan_Amt (cell B7) from the result to determine the total interest on the mortgage.
- In cell D7 ( Total Cost), enter a formula without using a function that adds the Price (cell B5) to the Total_Interest (cell D6) to determine the total cost of the house.
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