It depends on the rate of interest and the length of the loan. Once these to items are known amiturization tables are availalbe on-line.
++ans++
Also depends on who you go through -- now-a-days, investors are looking for YOU ! And you can get a 5 million dollar commercial line for about 1% over prime if you know where to look. So on a 300K at x% , lot more is involved, like how long in years, etc... I got a 5 million commercial loan for 9K/Month over 30 years, without prepay penalty.
7800
For a 30-year loan, the monthly payment will be $1,266.71
The PMT function in Excel outputs a monthly loan payment amount.
If a loan has a lower annual interest rate, the monthly payment will be lower and the total payment over the life of the loan will also be lower.
To calculate the monthly principal payment on a loan, you can use the formula: Monthly Payment Total Loan Amount / Loan Term in Months. This will give you the amount of principal you need to pay each month to gradually pay off the loan over the specified term.
7800
For a 30-year loan, the monthly payment will be $1,266.71
The PMT function in Excel outputs a monthly loan payment amount.
The PMT function in Excel outputs a monthly loan payment amount.
If a loan has a lower annual interest rate, the monthly payment will be lower and the total payment over the life of the loan will also be lower.
The answer depends on the period of the loan.
To calculate the monthly principal payment on a loan, you can use the formula: Monthly Payment Total Loan Amount / Loan Term in Months. This will give you the amount of principal you need to pay each month to gradually pay off the loan over the specified term.
PMT
the monthly payment is calculated based on the following: 1. loan amount 2. loan interest rate 3. term of loan Use the easy loan calculator below with your own figures.
On a traditional loan the interest is compounding monthly. With amortization the monthly payment is split up equally between the interest and the actual house payment.
To determine the monthly payment on a loan of $62,000, you need to know the interest rate and the loan term (in months). For example, with a 5% annual interest rate over a 10-year term, the monthly payment would be approximately $659.96. You can use a loan calculator or the formula for an amortizing loan to find the exact payment based on your specific terms.
Want to know what our monthly house payment will be owing 217000.00 on a 30 year loan at 4.5%