How to Calculate your Monthly Mortgage Payment – Quick & Easy


How to Calculate your Monthly Mortgage Payment

.0047964 is the approx monthly payment on a house, given a 20% downpayment.

eg. $2,000,000 house.

 

Your downpayment of 20% is $400,000.00.

 

Your monthly mortgage payment is ($2,000,000 x .00479640) = $9592.80

Notes:  This is for a 20% downpayment.  30year Fixed Rate loan.  6% 30 Year Loan.

 

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