Asked by alisha

What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for
30 years?
Answered by Reiny
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)
Answered by alisha s.
thank you so much for that online calculator. it is very helpful
There are no AI answers yet. The ability to request AI answers is coming soon!