All Questions
9
questions
13
votes
5
answers
8k
views
Should I pay off mortgage or invest in CD?
I am confused about the mortgage rates in APR vs CD rates that I could invest in [US].
I have a mortgage loan that I got with 2.875 APR. I could pay that off or invest that money in a CD with rate of ...
- 273
2
votes
1
answer
100
views
What's the APR for this in combination with the Balloon Payment of 6525 USD?
I am trying to solve the following:
Finance Amount: 24.951,82 USD
Interest Rate: 2.29%
Residual Value: 6.525 USD
Number of Months: 60
Fee: 374.28
Years: 5
What's the APR for this in combination with ...
- 21
0
votes
1
answer
1k
views
Algorithm to calculate the Interest on Loan with a Balloon Payment
I am trying to understand the algorithm used by My Calculators.com - Balloon Payment Calculator
If I enter the following details:
Loan amount: 4556.75
Number of months: 5
Interest rate: 5.75%
...
- 111
0
votes
2
answers
823
views
How to calculate APR for a fixed rate loan due before amortization end date?
I need help with the following question for a homework assignment related to finding the APR for an investment class. Here's the question:
Calculate the APR for a $500000 fixed rate loan amortized ...
1
vote
2
answers
939
views
Calculate APR from balloon loan
I need formula to calculate nominal APR from balloon loan with contract fee. The initial data and payment schedule is:
Loan sum: 10 000€
Interest rate per year: 15%
Loan period: 2 years
Payments ...
- 11
3
votes
1
answer
223
views
Formal Definition of APR
I have seen several conflicting sources on the internet about APR. Some say the effective rate is (1+APR/n)^n -1 while others say this formula is the APR since APR represents the rate over all ...
- 31
1
vote
2
answers
302
views
APR without principal repayment?
I've been trying to find out about this own my own but can't seem to work it out via search engines, loan/mortgage websites and excel.
When I try to work out how much a loan costs, rates like APR ...
- 21
3
votes
3
answers
794
views
Calculating Future and Present value into mortgage comparisons
I'm looking to buy a home in the next 3 or 4 months. The bank I'm working with has 10 different mortgage rates, currently ranging from 3.5% to 4.625%, with points respectively ranging from 2.875 to -1....
- 473
1
vote
2
answers
1k
views
Why does APR sometimes show as lower than the stated mortgage rate?
I see an offer for a 15 year fixed jumbo at 4.5% with a 4.622% APR while on the some advertisement it shows a 5/1 ARM jumbo at 3.875% with a 3.283% APR.
Why is one APR higher and the other lower?
- 1,823