All Questions
Tagged with compound-interest mortgage
8
questions
14
votes
3
answers
7k
views
Which mortgage should I pay off first? Same interest rate and mortgage length
tl;dr:
I have two amortized mortgages; one big and one small.
The conditions (interest rate and mortgage length) are exactly the same.
Which should I pay off first?
I have always heard that you ...
- 143
1
vote
2
answers
137
views
Calculating cumulated interest of mortgage within a specific time span
I like to use google sheets because of its ease of access with just a link. I have a mortgage and I need to be able to calculate the interest within a year (but I'd like to be able to do it within any ...
- 11
0
votes
3
answers
65
views
Finding optimal balance between unscheduled mortgage loan replayments and financial market investments
Imagine the following situation.
You have a mortgage loan, it has a quite low fixed interest but runs over a couple of decades
You have positive experiences over a couple of year with the financial ...
- 209
2
votes
1
answer
101
views
Calculating monthly and annual payments with corresponding rate: different results?
Good evening everyone,
I got a small financial problem that I tried to understand and, even though I come to the right answer, I do not understand why my alternative approach does not work.
Problem: ...
- 23
1
vote
2
answers
419
views
Future value vs total amortized cost of a loan
My goal is to determine the total cost of a mortgage loan (principle + interest for 30 years) I assumed that the future value(FV) of a loan is the total amortized cost of the loan. Is that assumption ...
- 113
1
vote
2
answers
789
views
Compound Interest & Mortgages
Mortgages are compounded 2 times a year in Canada and 12 times a year in the USA. However, I read that mortgages are simple interest and not compound interest because you pay the interest for each ...
- 27
5
votes
4
answers
3k
views
Am I paying too much in mortgage interest?
Hi there all you smart people.
I am looking for a hand on a mortgage I currently hold. I will give a little back story to hopefully let you see where I am coming from.
I have a summer home (the only ...
- 151
1
vote
1
answer
318
views
Everyone says you should start saving young. However, should my priority be to pay off my mortage? [duplicate]
Everything I read says you should use time to your advantage and start saving as soon as possible. However, I have a home mortage with an interest rate higher that what one could expect to make out of ...
- 145