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How do you calculate interest amount on a mortgage?

On a simple-interest mortgage, the daily interest charge is calculated by dividing the interest rate by 365 days, and then multiplying that number by the outstanding mortgage balance. If you multiply the daily interest charge by the number of days in the month, you will get the monthly interest charge.

How to calculate mortgage amortizations?

How to Calculate Mortgage Amortizations Use a Mortgage Amortization Calculator. How do you calculate monthly mortgage payments? ... Try an Excel Spreadsheet Tool. Another option to calculate mortgage amortizations is to use an Excel spreadsheet through the tool on the APB Pole Barns website. Create Your Own Spreadsheet. ... Using an Amortization Table. ...


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