Day: November 9, 2011

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 […]