0 votes
How is mortgage interest calculated per month?

1 Answer

0 votes
The equation used to compute the interest portion of your mortgage payment in any given month is: current principal multiplied by annual percentage rate and divided by 12 months. Divide the annual interest amount by 12 and write down the result. In the example, $9,200 divided by 12 equals $766.
Welcome to our site, where you can find questions and answers on everything about renting houses, apartments, villas, flats and other property in many countries
...