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9780071468114

McGraw-Hill's Interest Amortization Tables, Third Edition

by ; ;
  • ISBN13:

    9780071468114

  • ISBN10:

    0071468110

  • Edition: 3rd
  • Format: Paperback
  • Copyright: 2006-03-16
  • Publisher: McGraw-Hill Education

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Summary

The most up-to-date, easy-use reference for finding the best home loan for youThis comprehensive loan navigation guide helps you structure a home loan that will best fit your budget, tax bracket, and current cash flow while maximizing your equity growth. Featuring amortization tables for loans up to $900,000, at interest rates from 3 to 18 percent, this invaluable resource includes tables and examples that detail: Exact principal and interest payments for standard loans and Adjustable Rate Mortgages (ARMs) Advantages and disadvantages of biweekly payment loans and baloon loans Remaining loan balance, with principal and interest paid, at various stages Total dollars saved and years trimmed by making regular additional payments

Author Biography

Jack C. Estes was the author of Real Estate License Preparation Course for the Uniform Examinations.

Dennis R. Kelley was the author of The McGraw-Hill Handbook of Financial Tables for Real Estate.

Charles Freedenberg programs financial applications and has 39 specialized mortgage calculators on his website, compareloans.com.

Table of Contents

Forewordp. vii
Prefacep. ix
What the Tables Showp. xi
About the Authorp. xiii
Monthly Loan Factors on $1000
Monthly payment on a loanp. 1
Loan balance not given in Table 2p. 1
The annual mortgage constantp. 2
Remaining Loan Balance
Remaining balance on a loanp. 11
Amount of a balloon paymentp. 11
Interest or principal paid in yearp. 12
Principal, interest since loan beganp. 12
Daily Interest on $1000
Interest on loan for given periodp. 43
Short-term rental of a housep. 43
Benefits of Regular Additional Payments
Benefits of regular additional paymentsp. 47
Adjustable Rate Mortgages
Finding payments on an ARMp. 59
Maximum payment on an ARMp. 60
Biweekly Payment Loans
Biweekly payments and savingsp. 65
Biweekly versus other loansp. 66
Monthly Payment Loans
Finding the monthly paymentp. 73
Amount not shown in tablep. 74
Total interest over the life of a loanp. 75
Glossaryp. 321
Table of Contents provided by Ingram. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

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