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Thread: mortgage calculation

  1. #1
    Join Date
    Feb 2014
    Posts
    476

    Default mortgage calculation

    Where can we get the correct mortgage calculation for the monthly payment?

    For instance for the monthly mortgage rate of 1.209 for $81,800 over 25 years, dbs calculation is $288 while other sites states $255 plus. I m wondering if there are other tools to get a more accurate sum?

  2. #2
    Join Date
    Mar 2014
    Posts
    61

    Default

    Both seem incorrect....the right amt is $316.08.

    http://www.amortization-calc.com/mortgage-calculator/

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