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Old 05-05-2011, 10:51 AM
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Default What are my mortgage payments is my mortgage is for...
...15 years? My house costs $150,000 to be paid off in monthly installments at 6% annual interest. How much are my monthly payments?Also, what is the total amount of interest that will be paid over the 15 years?
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Old 05-05-2011, 09:39 PM
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$1265.79/mo, total interest is $77,841.34.
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Old 05-06-2011, 02:08 AM
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6% of 150000 =6/100 x 150000 =9000monthly payments =9000/12 =$ 750I =PRT/100 =150000 x 6 x15 /100 = $ 135000
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