All Questions
Tagged with amortization united-states
11
questions
1
vote
2
answers
122
views
Additional principal payment split between interest and principal [duplicate]
I made an additional payment with my first mortgage payment but I noticed that although I designated the additional payment, say $10, as principal the remaining principal balance didn't go down by the ...
- 729
0
votes
1
answer
93
views
Which method to amortize my single family rental and what else do I need to know?
I am renting out my primary residence (outside the US) for about $1400/mo., which method to amortize my single family rental on my 1040 and what else do I need to know to correctly amortize? I started ...
- 39
7
votes
1
answer
3k
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What is the typical compounding/amortized period on US mortgage loans
In a different question it is stated that
Mortgages are compounded .. 12 times a year in the USA
Is this true or just applicable to that question?
I am looking at a site where it explains how to ...
- 1,016
1
vote
1
answer
194
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Refinance Cost is high
I got 30 years loan for 232K two years ago with interest rate of 4.25% and now I am planning to refinance again for 15 years. Financial company mentioned they can provide interest of 2.85% but the ...
- 11
5
votes
7
answers
6k
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How does paying extra on my mortgage affect my amortization schedule?
I am a first time home buyer and have some spare cash after my home purchase to pay forward quite a bit of money (cash was not available during actual purchase, so, no, I could not have put it towards ...
- 2,898
2
votes
4
answers
2k
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Do extra mortgage payments typically go directly towards principal?
I have a 30 year mortgage and I'd like to make extra payments each month to speed up the amortization schedule. I thought this would be better than taking out a 15 year mortgage as it gives me some ...
- 21
1
vote
1
answer
181
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How do equity, amortization, and market value factor into net profit on a sold house?
TL;DR:
If I buy my first house at $500k using an FHA loan, and I want to eventually buy a $1MM home (with a conventional 20%-down loan), how do I calculate the time at which the sale of my first ...
- 453
4
votes
1
answer
389
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I own the condo but not the (13 year old) mortgage. What should I do?
This was my mother's home in Florida. She died and left it to me via ladybird deed. It has about $40,000 equity. I have been paying the mortgage out of my bank account for years - since long before ...
- 41
2
votes
1
answer
705
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Checking the math on a Truth-in-Lending Disclosure
Here is a shot of an actual Truth-in-Lending statement for a real home mortgage (mine). I'm trying to check the numbers but they seem slightly off:
It's a 30-year fixed rate mortgage. The annual ...
- 21
12
votes
2
answers
7k
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Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not?
I run a web publishing business. I buy a large number of domains — and occasionally sell one, although not frequently. Some domains are developed into websites, which bring in advertising ...
- 221
1
vote
1
answer
3k
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How to calculate amortization table with pro-rated first month
From what I understand, banks prefer to have loan payments due on the 1st of the month. To that end, if you close on a property on, say, the 15th, they will charge you a pro-rated payment to get you ...
- 35