How to Calculate Monthly Mortgage Payment?
Using a handy amortization calculator, you can enter in three figures, the total loan amount, the interest rate,and the length of the loan, and have a chart in seconds that shows your monthly payments for the whole term of the loan, as well as a breakdown of how much you will be paying towards the interest as well as the principal. You can find more information at http://www.bankrate.com/calculators/mort…
