Monthly Loan Repayment for 300k home loan
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 Jan 2 2010, 11:34 PM
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Senior Member
1,229 posts Joined: Jan 2003 From: Malacca   
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you can't calculate house loan like that. house loan interest is based on outstanding amount
Loan amount $300,000.00 Annual interest rate 3.10 % Loan period in years 30 Number of payments per year 12 Scheduled payment $1,281.05 Scheduled number of payments 360 Total interest $161,177.71 Please find attached 
House_Loan_Schedule.zip ( 44.14k )
Number of downloads: 329This post has been edited by alex_cyw1985: Jan 2 2010, 11:37 PM |
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