What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for

Question

30 years?

Answer 1

Try this online calculator
http://www.mortgagecalculator.org/
set the tax rate to zero.

or
i = .075/12= .00625

solve for x
90000 = x[1 - 1.00625^-360]/.00625

I got 629.29
(the online calculator got the same thing)

Answer 2

thank you so much for that online calculator. it is very helpful