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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: damainman who wrote (40611)9/5/2005 3:23:05 PM
From: X Y ZebraRead Replies (1) | Respond to of 306849
 
it is easy to come up with the payment all you need to know is the interest rate....

i.e. facts:

price = $799,000.00

interest only i = x

soooooo

assume i = 6.5%

799,000.00 x .065 = $51,935.00/12 = $4,327.92/mo

it is not being amortized it is.... interest only

that does not mean the guy could not pay MORE than he interest and so it would start reducing principal....

all you need is the interest rate....