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    Fcu at Home Financial Tools

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    api-303242164
    This document contains a mortgage payment calculator and amortization schedule for a $369,000 house with a $75,000 down payment and 15-year fixed rate mortgage at 3.375% interest. It shows the monthly payment would be $2,083.75 and the total interest paid over the life of the loan would be $81,075.72, making the total cost of the house $450,075.72. It also includes a table showing the declining principal balance each year over the 15-year term.

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    Fcu at Home Financial Tools

    Uploaded by

    api-303242164
    39 views1 page
    This document contains a mortgage payment calculator and amortization schedule for a $369,000 house with a $75,000 down payment and 15-year fixed rate mortgage at 3.375% interest. It shows the monthly payment would be $2,083.75 and the total interest paid over the life of the loan would be $81,075.72, making the total cost of the house $450,075.72. It also includes a table showing the declining principal balance each year over the 15-year term.

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    fcu at home financial tools

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    This document contains a mortgage payment calculator and amortization schedule for a $369,000 house with a $75,000 down payment and 15-year fixed rate mortgage at 3.375% interest. It shows the monthly payment would be $2,083.75 and the total interest paid over the life of the loan would be $81,075.72, making the total cost of the house $450,075.72. It also includes a table showing the declining principal balance each year over the 15-year term.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    39 views1 page

    Fcu at Home Financial Tools

    Uploaded by

    api-303242164
    This document contains a mortgage payment calculator and amortization schedule for a $369,000 house with a $75,000 down payment and 15-year fixed rate mortgage at 3.375% interest. It shows the monthly payment would be $2,083.75 and the total interest paid over the life of the loan would be $81,075.72, making the total cost of the house $450,075.72. It also includes a table showing the declining principal balance each year over the 15-year term.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Mortgage Payment Calculator

    Date
    Item
    Price
    Down Pymt.
    Loan Amount

    1-May-16 Rate
    House Term
    $369,000.00 Monthly Payment
    $75,000.00 Total Interest
    $294,000.00 Total Cost

    Varying Interest Rate Schedule

    Rate Monthly Payment


    $2,083.75
    3.000%
    3.125%
    3.250%
    3.375%
    3.500%
    3.625%
    3.750%
    3.875%
    4.000%
    4.125%
    4.250%

    Total Interest
    $81,075.72

    Amortization Schedule
    3.375%
    15
    $2,083.75
    $81,075.72
    $450,075.72
    Total Cost
    $450,075.72
    440,455.80
    443,645.66
    446,852.31
    450,075.72
    453,315.84
    456,572.65
    459,846.12
    463,136.19
    466,442.85
    469,766.04
    473,105.74

    Year Beginning Balance


    1
    $294,000.00
    2
    278,681.94
    3
    262,838.83
    4
    246,452.66

    Ending Balance Paid On Principal


    $278,681.94
    $15,318.06
    262,838.83
    15,843.11
    246,452.66
    16,386.17
    229,504.82
    16,947.84

    Interest Paid
    $9,686.99
    9,161.93
    8,618.88
    8,057.21

    229,504.82

    211,976.07

    17,528.76

    7,476.29

    6
    7
    8
    9
    10
    11
    12
    13
    14
    15

    211,976.07
    193,846.47
    175,095.46
    155,701.71
    135,643.20
    114,897.15
    93,439.98
    71,247.33
    48,293.98
    24,553.86

    193,846.47
    175,095.46
    155,701.71
    135,643.20
    114,897.15
    93,439.98
    71,247.33
    48,293.98
    24,553.86
    0.00
    Subtotal
    Down Pymt.
    Total Cost

    18,129.59
    18,751.02
    19,393.75
    20,058.51
    20,746.05
    21,457.16
    22,192.65
    22,953.35
    23,740.12
    24,553.86
    $294,000.00

    6,875.46
    6,254.03
    5,611.30
    4,946.54
    4,259.00
    3,547.88
    2,812.40
    2,051.70
    1,264.93
    451.19
    $81,075.72
    $75,000.00
    $450,075.72

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