Have mortgage payment calculations changed since March 2007?

luceyj · Joined: 26 Sep 2008 Posts: 1 1.32 Dollars($)

I am in a land contract and I am trying to reproduce the the amortization table, but I find every amortization calculator shows a $200 difference than the amortization that was calculated in March of 2007.

sweeney · Posted: Fri Sep 26, 2008 1:16 pm Post subject:

Hello- Nothing has changed with calculating an amortization schedule. Are the settings identical, specifically, is each calculator using end of period payments to calculate. That could be throwing you off.

chrisburns · Posted: Fri Sep 26, 2008 3:02 pm Post subject:

can't imagine why it would be different now?

smithsussane · Posted: Fri Sep 26, 2008 8:48 pm Post subject:

Hi luceyj!

Welcome to Forums!

I do not think anything on this regard has changed since March 2007. You can click on the following to get a amortization calculator :

http://www.mortgagefit.com/calculators/

Feel free to ask if you have further queries.

Sussane

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.07 Dollars($)

nope, nothing has changed. It is mathmatical calculation. You may have not considered taxes and insurance. A amortization schedule will only give you principle and interest payments. Or you could have used an interest only calculator at that time.

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