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 - ...
_____________________________
Future Value of Annuity:
• How To Calculate The F...
More Examples on Annuities:
• Annuities - How To Cal...
How To Calculate The Monthly Mortgage Payment:
• How To Calculate Your ...
The Present Value of an Annuity:
• How To Calculate The P...
Net Present Value & Internal Rate of Return:
• Net Present Value - NP...
____________________________
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:
• Intro to Investing In ...
Пікірлер: 27
Man started giving life lessons
This guy deserve my 👏,He helped me a lot with calculus
Thanks a lot, man. This helps!
Your explanation is so clear, big thanks
This man saving 🧠 cells out here.
You're everything school wished it was. You are saving lives LMAO
thank you so much, I'm about to buy a house and this video helped me!
Can we just stop here and give 👏👏 for JG ❤❤
We’ve graduated from chemistry to life problems
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?
if you account for inflation how much have you paid in interest in present value?
this guy just savin are lives
how do you get ths 2697?
what if there is no interest rate given but only you can calculate for principal, down payment and the years
this is brilliant. Just wish i could get the calculation to work on my scientific calculator
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
Жыл бұрын
It works that way in Canada too...not sure about the US tho
@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.
am requesting pure maths tutorial s
👍
Why we just don't elect you as the president of the world and that's it.
@daughteroftheking3220
Жыл бұрын
Right that would pretty much solve all the problems
The Total Interest paid is higher than the actual loan itself!!
FAIR (Fixed Annual Interest) rate
This is why homeownership is a terrible idea.