How to Figure Out a House Payment?

Answer Many people dream of buying a home. There are a lot of good financial reasons to purchase a home: income-tax-deductible mortgage interest, a potential increase in property value, and home equity th... Read More »

Top Q&A For: How to Figure Out a House Payment

How do I figure out a mortgage payment?

Principal FactorMultiply the principal on the mortgage by the interest rate per month due on the mortgage. For example, with a $150,000 loan for 6 percent per year due in 30 years, then the interes... Read More »

How do I figure a minimum payment due on a credit card balance?

Information You NeedGather the information you will need to calculate the minimum monthly payment. These include the average daily balance for the most recent statement period and the minimum month... Read More »

How do I Figure Payoff Time Knowing the Interest, Principal & Monthly Payment?

It pays to know how to calculate loan payoffs. Knowing the terms and conditions you can calculate the payoff for a mortgage loan, automobile loan, credit card, home equity line of credit or persona... Read More »

Can you use your rsp's for a down payment on a house?

Yes, you use your RRSPs for a down payment on a house. Any qualified and pre-approved first-time home buyer is free to remove up to $20,000 from a registered retirement savings plan. There will be ... Read More »