How To Calculate The True Cost of a Mortgage Loan

[@kiren8745]

Man started giving life lessons

[@capriciouspill2530]

This guy deserve my 👏,He helped me a lot with calculus

[@CMRHM]

Your explanation is so clear, big thanks

[@Juju8591okay]

This man saving 🧠 cells out here.

[@kangmoabel]

Can we just stop here and give 👏👏 for JG ❤❤

[@lilredninjaswiss7806]

You're everything school wished it was. You are saving lives LMAO

[@evank3718]

We’ve graduated from chemistry to life problems

[@Anonymous2627]

Thanks a lot, man. This helps!

[@subjectory]

thank you so much, I'm about to buy a house and this video helped me!

[@joelhatchett1547]

These are very helpful, but I have a question about something that is similar but a little different, I have a mortgage problem with all the other values given , but it also says in the equation that the payer has to pay 2 points , so I add the 2 points to the principal?

[@nedshead5906]

Here in Australia the interest is calculated on the amount outstanding on the load, so the more you've paid off on the loan the less you pay in interest, if that makes sense..

[@aggydreams]

It works that way in Canada too...not sure about the US tho

[@davidbaron5487]

Yep same in my country the interest is calculated on the running balance so the lower the balance left to be paid the lower the interest charged.

[@mehvishmehraj3185]

how do you get ths 2697?

[@user4667fh]

this guy just savin are lives

[@vaiona5156]

How do you calculate the PRINCIPLE Payment. Can't find it anywhere explaining this.

[@mlancaster2607]

this is brilliant. Just wish i could get the calculation to work on my scientific calculator

[@tabmax22]

if you account for inflation how much have you paid in interest in present value?

[@krisjanentrina6437]

what if there is no interest rate given but only you can calculate for principal, down payment and the years

[@paradhoax]

Why we just don't elect you as the president of the world and that's it.

[@daughteroftheking3220]

Right that would pretty much solve all the problems

[@mrcrazytv2830]

am requesting pure maths tutorial s

[@thesauce807]

The Total Interest paid is higher than the actual loan itself!!

[@Abby-nr2kc]

👍

[@carloscardona6587]

FAIR (Fixed Annual Interest) rate

[@stayhard2796]

This is why homeownership is a terrible idea.