Morticia
Well-known member
- Joined
- May 22, 2008
- Messages
- 17,771
- Reaction score
- 685
OK, math gurus...tell me where I can find a mortgage calc with an amortization chart that calcs using the 365/360 formula. I can find tons of places that try to explain it, but no one has the calculator.
OR, tell me how to do the calc myself.
Frustration reigns here right now as we review the printout sent by the bank that shows our payments going all over the place. One month we pay $x in interest, the next month we pay $x+500 in interest (and the corresponding -$500 on principal). We're tearing our hair out.
OR, tell me how to do the calc myself.
Frustration reigns here right now as we review the printout sent by the bank that shows our payments going all over the place. One month we pay $x in interest, the next month we pay $x+500 in interest (and the corresponding -$500 on principal). We're tearing our hair out.