McGraw-Hill's Interest Amortization Tables, 3rd Edition

Product Details

The most up-to-date, easy-use reference for finding the best home loan for you.

This 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.

Biographical Note

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, www.compareloans.com.

Table of Contents

• Foreword.
• Preface.
• What the Tables Show.
• About the Author.
• Table 1. Monthly Loan Factors on $1000.
  • Example 1. Monthly Payment on a loan.
  • Example 2. Loan balance not given in Table 2.
  • Example 3. The annual mortgage constant.
• Table 2. Remaing Loan Balance.
  • Example 4. Remaining balance on a loan.
  • Example 5. Amount of a balloon payment.
  • Example 6. Interest or principal paid in year.
  • Example 7. Principal, interest since loan began.
• Table 3. Daily Interest on $1000.
  • Example 8. Interest on loan for given period.
  • Example 9. Short-term rental of a house.
• Table 4. Benefits of Regular Additional Payments.
  • Example 10. Benefits of regular additional payments.
• Table 5. Adjustable Rate Mortgages.
  • Example 11. Finding payments on an ARM.
  • Example 12. Maximum payment on an ARM.
• Table 6. Biweekly Payment Loans.
  • Example 13. Biweekly payments and savings.
  • Example 14. Biweekely versus other loans.
• Table 7. Monthly Payment Loans.
  • Example 15. Finding the monthly payment.
  • Example 16. Amount not shown in table.
  • Example 17. Total interest over the life of a loan.
• Glossary.