Posted on: 26th Sep, 2010 08:41 pm
A house with a sale price of $190,000 where you have taken a 75% LTV and amortized the loan over 20 years at 6.5%? How do I calculate the problem?
Do you want to calculate your monthly payments? If yes, then you can use this calculator for the same: http://www.mortgagefit.com/calculators/simple.html . According to the values that you've mentioned in your post, your monthly payments will be around $1416.59.
If you want to calculate your monthly payment...you need to use a FRM calculator...