Easy Way to Figure A Mortgage Payment

Want to know how to figure a mortgage payment? Use the amortization table link below to calculate a payment. Amortization is a payment in regular, periodic installments of principal and interest, as opposed to interest only payments.
Sample: If you want to figure a payment for a $200,000 mortgage if the interest rate is 5%. First you would take 200,000 divided by 1,000 = 200 then multiply by the rate in the table for 30 years (5.37) to determine the payment of $1,074. Keep in mind this is principal and interest. You must add the monthly taxes and homeowners insurance.
Try some samples. Any questions, feel free to ask me.
AmortizationTable