Q:
# What is the mortgage payment formula?

The mortgage payment formula to calculate a fixed monthly payment is P = L[c(1 + c)^n]/[(1 + c)n - 1]. In this formula, P stands for monthly payment, L is loan, c is the monthly rate and n refers to the month in which the balance is paid in full.

Continue ReadingTo calculate a balance when months are remaining on a loan, the equation B = L[(1 + c)n - (1 + c)p]/[(1 + c)n - 1] is used. In this equation, B is the balance, and p refers to the number of months left. To calculate annual percentage rate, the formula L - F = P1/(1 + i) + P2/(1 + i)2 +… (Pn + Bn)/(1 + i)n is used. In this instance, the variable i is internal rate of return, F refers to points and lender fees, and Bn refers to the balance in month n.

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Q:
## What are mortgage equations, and how are they calculated?

A: A mortgage equation is the mathematical formula that a lender uses in order to determine the borrower's fixed monthly payment to pay off a mortgage loan ov... Full Answer >Filed Under: -
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## What is included in a FICO score calculation?

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Q:
## What is the way to calculate a coupon rate?

A: A coupon rate is calculated by using the formula c(1 + r)^-1 + c(1 + r)^-2 + ... + c(1 - r)^-y + B(1 + r)^-y = P. In this equation, the variable of c repre... Full Answer >Filed Under: -
Q:
## How do you solve quadratic equations?

A: To solve the quadratic equation ax^2 + bx + c - 0, plug the corresponding numbers into the quadratic formula. Take the opposite of b, and provide the optio... Full Answer >Filed Under: