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Interest and capital calculations

  1. #1
    mattguerilla
    Guest

    Interest and capital calculations


    Hello,

    I would like to calculate the interest i would pay on a loan and the capital
    I would pay off each month.

    Mortgage = 50,000
    Term 25 years = 300 months
    at a rate of 4.39% how much interest would I be paying and how much capital.
    I could then work out how much quicker I could pay off the mortgage by
    overpaying.

    Matt

  2. #2
    Dave O
    Guest

    Re: Interest and capital calculations

    You're describing an amortization schedule- the Microsoft website has
    templates available for no-cost download.

    When considering how much to "overpay" the mortgage, do you consider
    the tax effects?


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