Equity Home Loans

How do you find various characteristics of a mortgage?

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Public Comments

1. The estate agent and the mortgage lender.
2. Hey Brynn, Try a real estate site. Or ask a mortgage person or realtor. No way to calculate payments w/o a purchase price. Good luck.