How To Calculate The True Cost of a Mortgage Loan

This finance video tutorial explains how to calculate the true cost of a mortgage which is equivalent to the total interest paid over the life of the loan. You can reduce the total interest cost by negotiating for a lower fixed annual interest rate or by increasing your monthly payment to pay off the loan in a shorter period of time.
Liquidity Ratios:
• Liquidity Ratios - Cur...
Assets, Liabilities, & Equity:
• Personal Finance - Ass...
The Short Ratio:
• How To Calculate The S...
Debt to Equity Ratio:
• Long Term Debt to Equi...
Time Value of Money:
• Time Value of Money - ...
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Future Value of Annuity:
• How To Calculate The F...
More Examples on Annuities:
• Annuities - How To Cal...
How To Calculate The Monthly Mortgage Payment:
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The Present Value of an Annuity:
• How To Calculate The P...
Net Present Value & Internal Rate of Return:
• Net Present Value - NP...
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Annual Percentage Yield:
• Annual Percentage Rate...
Amortization Loan Formula:
• Amortization Loan Formula
Amortization Table:
• How To Create an Amort...
Rule of 72:
• Rule of 72
Bond Yields:
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Пікірлер: 27

  • @kiren8745
    @kiren8745 Жыл бұрын

    Man started giving life lessons

  • @capriciouspill2530
    @capriciouspill2530 Жыл бұрын

    This guy deserve my 👏,He helped me a lot with calculus

  • @Anonymous2627
    @Anonymous2627 Жыл бұрын

    Thanks a lot, man. This helps!

  • @CMRHM
    @CMRHM7 ай бұрын

    Your explanation is so clear, big thanks

  • @juliusruli8814
    @juliusruli8814 Жыл бұрын

    This man saving 🧠 cells out here.

  • @lilredninjaswiss7806
    @lilredninjaswiss7806 Жыл бұрын

    You're everything school wished it was. You are saving lives LMAO

  • @subjectory
    @subjectory Жыл бұрын

    thank you so much, I'm about to buy a house and this video helped me!

  • @kangmoabel
    @kangmoabel Жыл бұрын

    Can we just stop here and give 👏👏 for JG ❤❤

  • @evank3718
    @evank3718 Жыл бұрын

    We’ve graduated from chemistry to life problems

  • @joelhatchett1547
    @joelhatchett15477 ай бұрын

    These are very helpful, but I have a question about something that is similar but a little different, I have a mortgage problem with all the other values given , but it also says in the equation that the payer has to pay 2 points , so I add the 2 points to the principal?

  • @tabmax22
    @tabmax22 Жыл бұрын

    if you account for inflation how much have you paid in interest in present value?

  • @user4667fh
    @user4667fh Жыл бұрын

    this guy just savin are lives

  • @mehvishmehraj3185
    @mehvishmehraj31853 ай бұрын

    how do you get ths 2697?

  • @krisjanentrina6437
    @krisjanentrina64374 ай бұрын

    what if there is no interest rate given but only you can calculate for principal, down payment and the years

  • @mlancaster2607
    @mlancaster26076 ай бұрын

    this is brilliant. Just wish i could get the calculation to work on my scientific calculator

  • @nedshead5906
    @nedshead5906 Жыл бұрын

    Here in Australia the interest is calculated on the amount outstanding on the load, so the more you've paid off on the loan the less you pay in interest, if that makes sense..

  • @aggydreams

    @aggydreams

    Жыл бұрын

    It works that way in Canada too...not sure about the US tho

  • @davidbaron5487

    @davidbaron5487

    Жыл бұрын

    Yep same in my country the interest is calculated on the running balance so the lower the balance left to be paid the lower the interest charged.

  • @mrcrazytv2830
    @mrcrazytv2830 Жыл бұрын

    am requesting pure maths tutorial s

  • @Abby-nr2kc
    @Abby-nr2kc3 ай бұрын

    👍

  • @paradhoax
    @paradhoax Жыл бұрын

    Why we just don't elect you as the president of the world and that's it.

  • @daughteroftheking3220

    @daughteroftheking3220

    Жыл бұрын

    Right that would pretty much solve all the problems

  • @thesauce807
    @thesauce807 Жыл бұрын

    The Total Interest paid is higher than the actual loan itself!!

  • @carloscardona6587
    @carloscardona6587 Жыл бұрын

    FAIR (Fixed Annual Interest) rate

  • @stayhard2796
    @stayhard27962 ай бұрын

    This is why homeownership is a terrible idea.