# monthly mortgage payment calculator

1. ## monthly mortgage payment calculator

I tried to make a mortgage calcultor but my numbers do not jive with the
realtors web sites. My formula= (100,000*.06)/12 does not include the
interest so my calculations were too low.

How would I figure out a monthly payment for a \$100,000 loan at 6% over 30
years? Is there a special formula?

Thanks.

-Raza

2. ## Re: monthly mortgage payment calculator

Try this: http://www.officearticles.com/downlo...calculator.zip
I created it for a "real" realtor, so I assume it's accurate.
************
Anne Troy
www.OfficeArticles.com

"Raza" <Raza@discussions.microsoft.com> wrote in message
news:DA2C6192-F31D-41E1-AE88-14F01BD9B7C5@microsoft.com...
>I tried to make a mortgage calcultor but my numbers do not jive with the
> realtors web sites. My formula= (100,000*.06)/12 does not include the
> interest so my calculations were too low.
>
> How would I figure out a monthly payment for a \$100,000 loan at 6% over 30
> years? Is there a special formula?
>
> Thanks.
>
> -Raza

3. ## RE: monthly mortgage payment calculator

Hi,

Mnthly paymt= 100000*(0.06/12)*((1+0.06/12)^360)/(((1+0.06/12)^360)-1)

Regards,
B. R. Ramachandran

"Raza" wrote:

> I tried to make a mortgage calcultor but my numbers do not jive with the
> realtors web sites. My formula= (100,000*.06)/12 does not include the
> interest so my calculations were too low.
>
> How would I figure out a monthly payment for a \$100,000 loan at 6% over 30
> years? Is there a special formula?
>
> Thanks.
>
> -Raza

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