Ultimate Guide to Mortgage Payments for Rental Properties
If you’re looking to learn more about mortgage payments with an emphasis on mortgage payments for rental properties, then check out our Ultimate Guide to Mortgage Payments for Rental Properties. If a mortgage payment is on an amortizing loan (a loan that pays off after a certain period of time like a 15-year or 30-year mortgage) then you will want to use an amortization table, excel, google or a business calculator that does amortization calculations to calculate what the payment is. For example, in Excel the formula is: Mortgage Payment = PMT(6.5%/12,360,400000,0,0) Where: PMT is the forumal in Excel .0065 … Read more