How to use a mortgage calculator

[fivequotes]

thank you for explaining dude! learned stuff I never knew about it. lol

[ifginc]

Nicely explained. Such videos are sure to help people who are trying to calculate the future mortgage payments.

[21love4ever]

youre sexy

[zw0ecool]

i bought this calculator and it was made like shit...crappy cheap ass quality, you want a real calculator get the HP 12C

[tothatextent]

I'm getting a payment of 1,798.62 when doing the 360 month, 300,000 mortgage with an interest rate of 6%.

[Wilyam23]

Any idea why my hp 10BII would be putting a comma in where a decimal should go and vice versa and how to change it back? Thanks

[tothatextent]

@Wilyam23 Push the red button and hit the decimal sign - that will get it back to the decimal.

[PBfreak808]

you must have punched a wrong number because your answer in this example is wrong. try again.

[thedarklucian]

why don't you just use an online based mortgage calculator ?

[pjopper1]

not bad, but you need to clarify the effective rate vs the nominal rate. Also explain the payments per year..... I set my calculator to 1 payment per year (unless Im doing work with semi-annual coupon bonds)otherwise nice explaination

[lancee413]

i think you effed up, if you're doing 360 periods at 6% interest you'd have to use .5% per period.