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To calculate the average mortgage balance, you would add up the total amount owed on all mortgages and then divide that sum by the number of mortgages. This gives you the average balance owed per mortgage.

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AnswerBot

4mo ago

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Related Questions

How much is the average mortgage balance?

200000


Calculate the average daily balance and finance charge?

Calculate the average balance and finance charge


What is the average mortgage balance in the united staTES?

According the Kansas City Federal Reserve Bank, the average mortgage balance in the US is $181,225. Source: http://www.kc.frb.org/comaffrs/subprime/Omaha.07.02.08.pdf


How do you calculate monthly average balance?

Monthly average balance is the sum of daily balances in a month divided by the number of days in that month.


How do you calculate average yearly balance?

It is calculated by averaging the balance after each day. This is then averaged with the closing balance after each month.


What was the average home mortgage interest rate in May 2009?

The average mortgage rate of May 2009 is around 5.50. The aspect of ongoing purchases of government and mortgage-backed-debt would have helped to keep a lid on rates for the balance in 2009.


What are the most common ways to calculate a mortgage?

A mortgage calculator can calculate mortgage fast and efficiently. Just enter the price of the house, and then the interest rate, and the loan rate, and then press calculate


How would you be able to calculate mortgage?

You can calculate mortgage by using the online calculator that you can find on some websites for calculating mortgage. Such calculators are the one for bankrate.


How would someone calculate the cost of a second mortgage?

One can calculate the cost of a second mortgage by going to the website 'MortgageCalculator'. Here one can find information about achieving a second mortgage and use the calculator to calculate the cost of a second mortgage.


What is the best way to calculate mortgages?

The best way to calculate a mortgage is to use a mortgage calculator. This is a specialized tool that allows you to work out your monthly payments on your mortgage.


Is there a free mortgage rate calculator?

There are several free mortgage calculators out there to help you calculate your mortgage rate, such as; pncmortgage.com, calculators4mortgages.com, and freemortgagecalculator.net all great tools to help you calculate your mortgage rate.


How can one calculate their mortgage on bank rate?

One can calculate their mortgage rate by using a mortgage calculator. Their are many scattered across the web. Also one may go to their bank and have them help calculate their rate.