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| *Loan,banking and credit>>>mortgage loan |
On a 200k loan, at 6% APR, 15yr Mortgage, how do I calculate the amount of $ actually paid ONLY to interest? |
On a 200k loan, at 6% APR, 15yr Mortgage, how do I calculate the amount of $ actually paid ONLY to interest at the END of 15 YRS. You'll need an amortization table to figure that out. There is no quick and easy way to calculate that. Google around; there are plenty on the net. Microsoft Office includes an Excel template that you can use to build an amortization table. I used mine to figure yours. The total interest paid will be $103,788.46 There are numerous amortization calculators for free on the web. |
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