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Need to calculate...I am refinancing my mortgage..how do I calculate $100,000 mortgage with a 7% interest rate over 360 months?

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1 0 0 0 0 0 PV 7 i 3 6 0 n PMT will give you the month payment.

Posted on Jan 07, 2011

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What is refinancing?


Put simply refinancing is replacing a existing older loan with a new one that has different terms. Like if you were to refinance your mortgage you would look for a new mortgage loan that would pay off your existing mortgage and that would give you better interest rates.

Aug 28, 2013 | Finance

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What is a mortgage loan?


A mortgage loan is a loan where the client pledges real property, often a residential home, to the bank in order to secure the loan. If the client doesn't pay the mortgage, the bank can take the property. If there is a foreclosure, the bank will sell the property and use the sale money to clear the mortgage debt.

Aug 08, 2013 | Finance

1 Answer

Will someone please walk me through the steps to calculate a mortgage payment on the BAII PLUS TEXAS INSTRUMENT. Please be specific. Thanks.


For a thirty-year, $100,000 mortgage at 8% annually, compute the monthly payment:

2nd [CLR TVM] ( clear the time value of money registers )
3 0 * 1 2 N ( thirty years at twelve payments per year )
8 I/Y ( 8% annual interest )
1 0 0 0 0 0 PV ( $100,000 mortgage )
CPT PMT ( compute payment )

You should see -733.76. The negative indicates payment, the amount is $733.76.

May 08, 2011 | Texas Instruments BA Real Estate...

1 Answer

I used my calculator for years.When I lost my job 3 yrs ago, I stopped using it. How do I calculate a monthly payment for $100,000 at 7% interest rate over 360 months?


if what you are saying is that you have to calculate 7% monthly from 100 $ this means exactly $7 for each month ..so you have to multiply 7 for one month with 360 months and the result will be $2520 for all 360 ...unless it has some penalties to be calculated or something like that ..If the problem that you describe is accurate this is the answer..

Nov 06, 2010 | Computers & Internet

3 Answers

How do I calculate a mortgage payment?


If $100,000.00 loan: enter 100000. in pv, if interest rate is 5%, enter 5 divided by 12 = %i if 30 year mortgage, enter 360 N enter 2nd PMT to get monthly principle and interest. You may have already solved this problem.

Aug 19, 2010 | Texas Instruments BA Real Estate...

1 Answer

Financial Calculations


Since there are twelve months in a year, multiply by twelve. For example, a thirty-year mortgage involves 360 months.

Just be sure to divide the interest rate by twelve to match. For example, 6% annually is 0.5% monthly.

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