Question
There are several resources available to complete an Amortization Schedule. Basically by entering your loan amount, the interest rate, and how many years that loan
There are several resources available to complete an Amortization Schedule. Basically by entering your loan amount, the interest rate, and how many years that loan is for, it will show the following: Monthly Payment How much of that monthly payment is going to principle How much to
interest
http://www.amortization-calc.com/Links to an external site. http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspxLinks to an external site. http://bretwhissel.net/cgi-bin/amortizeLinks to an external site. Based on the following information, what is the total you would end up paying to borrow $200,000 to purchase a home with a 3.5% interest rate, over 30 years? How much of that is total interest?
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