On 7/5/06, Rick Faircloth <[EMAIL PROTECTED]> wrote: > Is there a consensus on this one? > > M = P * ( J / (1 - (1 + J) ^ -N)) >
That looks like it would be the correct formula for determining the monthly payment. Keep in mind that it is just the P and I, the actual payment would also include escrow payments for taxes and hazard insurance (and possibly PMI). -- Jim Wright Wright Business Solutions [EMAIL PROTECTED] 919-417-2257 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:4:245434 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
