Mortgage Calculator: A Simple Tutorial (template included)!
Download the Mortgage Calculator template here: https://www.jeffsu.org/mortgage-calculator-a-simple-tutorial/ 💸 Who knew a 1.5% change in interest rates can result in an additional US$ 100,000 of interest payments? In this video I go through a step-by-step tutorial on how to calculate your monthly mortgage payments given 3 things: the initial amount you borrowed, the interest rate you agreed to, and the loan repayment period By playing around with the numbers, you will be able to clearly see how each factor affects the total interest you pay back the bank (or to whoever loaned you the principal) TIMESTAMPS 00:00 How to Calculate Monthly Payments 00:33 Intro to Mortgage Calculator Template 00:58 Monthly Payment for Fixed-Rate Loan 02:33 Calculate Monthly Interest Payments 04:55 Double Check Your Calculations 05:49 How Interest Rate affects Total Interest 06:17 How Extra Payments affect Total Interest 07:05 Pro Tips for this Mortgage Calculator RESOURCES I MENTION IN THE VIDEO Ali Abdaal’s video on buying a house - https://youtu.be/ngWZaSbw130 MY FAVORITE GEAR 🎥 My YouTube Gear - https://www.jeffsu.org/yt-gear/ 💻 What's On My Desk - https://www.jeffsu.org/gear/ 🎆 My Wallpapers - https://jeffsu.gumroad.com/l/gradient-wallpaper-pack MY FAVORITE SOFTWARE ✍️ Skillshare - https://geni.us/skillshare-jeff ❎ CleanShot X - https://geni.us/cleanshotx BE MY FRIEND: 📧 Subscribe to my Productivity newsletter - https://www.jeffsu.org/productivity-ping/ 📸 Instagram - https://instagram.com/j.sushie 🤝 LinkedIn - https://www.linkedin.com/in/jsu05/ 👨🏻💻 WHO AM I: I'm Jeff, a tech professional trying to figure life out. What I do end up figuring out, I share! PS: Some of the links in this description are affiliate links I get a kickback from and my opinions are my own and may not reflect that of my employer 😇 #mortgage #adulting #amortization
