How to calculate “Monthly Mortgage Payment Per $1,000” for Fixed 20 yr Mortgage for 0 Points

How to calculate the  “Monthly Payment Per $1,000” for the Fixed Rate Mortgage for 0 points for 20 year mortgages for loan amounts of $200,000.

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KavyaVSAsked:
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mds-cosCommented:
OK, so if the formulas are not working for you, here is the actual math

P = payment, L = dollars over a term of n months at a monthly interest rate of c. [For 4%, c is .04/12 or .00333333333333].


P = L[c(1 + c)n]/[(1 + c)n - 1]
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mds-cosCommented:
These templates contain all of the formulas you require for various mortgage calculation scenarios.

http://office.microsoft.com/en-us/templates/mortgage-amortization-schedule-TC001056620.aspx

http://www.vertex42.com/Calculators/mortgage-calculators.html
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Seaton007Commented:
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awking00Commented:
What is the interest rate?
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KavyaVSAuthor Commented:
Interest rate 4.000%
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KavyaVSAuthor Commented:
Thanks
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