On a 200k loan, at 6% APR, 15yr Mortgage, how do I add the amount of $ in reality compensated ONLY to interest?
On a 200k loan, at 6% APR, 15yr Mortgage, how do I calculate the amount of $ actually remunerated ONLY to interest at the END of 15 YRS.
Answers:
You'll need an amortization table to figure that out. There is no expeditious and easy way to figure that.
Google around; there are plenty on the net.
Microsoft Office includes an Excel template that you can use to build an amortization table. I used mine to numeral yours. The total interest paid will be $103,788.46
There are numerous amortization calculators for free on the web.
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Answers:
You'll need an amortization table to figure that out. There is no expeditious and easy way to figure that.
Google around; there are plenty on the net.
Microsoft Office includes an Excel template that you can use to build an amortization table. I used mine to numeral yours. The total interest paid will be $103,788.46
There are numerous amortization calculators for free on the web.
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