Hello Anon, the answer to your question depends on the term you are looking for. Today the fixed and the variable rates are still at all time lows so here is a quote for both. 5yr fixed rate mortgage at 3.59% will mean a monthly payment of approx $2016. Closed variable rate at Prime - 0.9% will mean a monthly payment of approx $1713. With a longer amortization 30 or 35 years these numbers drop quite a bit I would be more than happy to give you more rate quotes for different amortizations if you like, contact me and let me know what you are looking for and we can run some numbers. Abraham Niyazi - Mortgage Agent - Lic#M08010640 - Centum One FInancial Corp - Lic 10758. Cell: 416-993-4082 Toll Free: 1-866-728-3708 http://www.centum.ca/abraham_niyazi/ I deal with 25 Banks/Lenders and can do mortgages across Canada except Quebec.

where does someone so dumb about money get 100K and has no clue what the payment would be. By the time the question was posted, the moron would have realized there are ENDLESS calculators online, including from every financial institution on earth. wow.

The monthly mortgage payment on a 400,000 loan for 30 years amortization period for 5 year fixed mortgage 3.7% rate is $1,834.76. It will cost you 260,000 in mortgage interest if will take that long for you to pay the mortgage. Remember that most of the interest paid in the first 5 years of your mortgage. In order to speed up the payent process you can do double payments or biweekly. If you take the same mortgage with biweekly payments your biweekly payment will be $ 846.11 which is $142 less per month.

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The car costs 5, 000 and is at 12% interest for three years. how would i also calculate the amount of loan, interest on loan, total amount of loan, and monthly payment

http://www.bankrate.com/brm/auto-loan-calculator.asp $100. a month, is 12% the best you can do? Try to get a lower rate.

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I've wanted a horse all my life. i'm saving up my money so i can buy one. don't bother saying i'm inexperienced, don't know anything, etc. - i'll ignore it and you won't get best answer. i've ridden horses and studied them for over five years and i'm thinking of leasing or possibly buying a horse. as for owning them, i don't know every single thing i would need to get. i'd probably board my horse at the barn i ride at. what else would i need? (like, everything. i'm trying to calculate costs and etc.) as for the monthly and yearly cost, that's more of a poll. how much does it cost for you to keep your horse every month and year? (do you board? have your own stall / barn? etc..) i've been searching for the perfect horse for over a year and have yet to find "the one". my dad is all for getting me a horse, but my mom is not too fond of the idea. i will be creating a list of pros to having a horse (will give me more responsibility etc), along with the possible questions my parents will ask me - with the answers and options, an estimated upkeep cost list, and other things (i can help pay.). i have about 5 hours free time every day with an exception of the weekends (all day). so basically, - what do you need to own a horse? (everything) - how much does it cost you to keep your horse every year? i *will* be choosing best answer. yup, i ride english. ^ forgot to mention that. :o i don't show or anything, just trail rides and small jumps for now. :)

Well... for what you will need, a small list at least: Curry comb Rough brush Face brush Hoof pick Mane comb fly spray fly mask Halter Leadrope Lunge line Lunge whip Saddle pad Saddle Bridle and bit Multiple buckets (feed, water, baths, extra stuff) possible leg wraps, polo wraps, leg splints and bell boots if you plan on jumping or dressage A good vet A good farrier A good dentist (these prices all vary ! It depends where you go) A decent barn that is HORSE quality, not cost quality. This means stalls with no exposed nails, rotted wood which could mold, clean stalls, a friendly staff, daily turn out, an on-call vet and a reliable owner who will come out at 3 in the morning to check a horse showing colic symptoms. We had a horse die because the owner refused to check on him in the night when we were unable to make it out. That's just a small list, I'm know I'm missing a lot. Also, for costs. Well, for us, It's 75 dollars for an all around shot and usually rounds up to 125 for a full round bill of health per horse. To clip their feet with our experienced, no abuse farrier, it's 45-55 for a barefoot trim and 75-80 to be shod per horse, every 6 weeks. For board we were paying 400 for full board where they feed your horse and turn it out for you and most places will buy the food for you on full board but then you don't know the quality of hay they're getting. You also have to be prepared for sudden vet costs. What if your horse slips? What if he gets tangled in a fence? What if he colic's? Those can range from 200 to 2000 dollars in a couple of minutes, depending on the emergency. Emergency vet care is what's always killed us when it comes to our horses. Things happen so fast, were out 4000 dollars in 10 minutes from a bad kick and having to send the horse off to an emergency clinic for a week. I suggest leasing first and then buying c: It'll give you the experience of owning a horse but the ability to back out if you find out it's just not in your budget or you find you don't like it. Don't rush it ^^ The horse that is perfect for you will find /you/. The horse I passed 100 times ended up being the one I bought! Simply because I kept finding myself drawn to his page and when I saw him, I knew he was mine. Do your research, meet the horse and have a vet come out with you when you go to lease or buy a horse to check for lameness. Good luck in your search!

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I have 7 years left on my mortgage, and want to refi. with the reduction in interest rates, i have calculated that i can get a 5 year for the same monthly cost as my current rate. i have already done the calculations and have factored in closing costs. but, do banks give 5 year fixed mortgages?

Generally, banks do not make 5-year consumer mortgage loans. A term that short is usually reserved for commercial loans only. But you should be able to find a 10-year mortgage, or at least a 15-year loan. Since most loans do not carry a pre-payment penalty, you could just make payments high enough to pay it off in 5 years - just use a financial calculator to figure out the payments. Something to keep in mind is that with only 7 years left on your mortgage, most of your payments are already now going toward reduction of principal, and not that much is going toward interest. So even if you were to reduce the interest rate, you're probably not going to save that much money. Hope that helps.

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So the price of a condo is $180,000. the bank requires a 5% down payment and the cost of the condo is financed with a 30 year fixed-rate mortgage at 8%. the mortgage, as i calculated, is $171,000. i also used the formula to figure out that the monthly payment is $66.04 approximately. the total cost of interest over 30 years should be 360 x 66.04 (which equals 23774) - 171,000 (the mortgage) but that gives me a negative number, which is impossible. what am i doing wrong? =(

Don't you think a monthly payment of only 66.04 seems unrealistic? The Present Value of the mortgage is 171,000. Monthly interest is 8% / 12, or .66667% and there will be 360 monthly payments. Monthly payments will be 1,254.74, not 66.04. So 360 x 1254.74 = 451,705. minus 171,000 principal = 280,705.

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I've got a math problem. here is how i currently calculate monthly bills: i add up the total cost of my bills and divide by 4 (i get paid weekly). my bills occur monthly. the issue with this method is that months that have 5 pay periods give me one extra amount which i get to refund to myself. how can i make this so that it is calculated correctly. i was thinking about taking the total number of weeks in a year, but i can't wrap my head around the math

keep using the method your using just keep the 5th pay period as a bonus but if u cant do that then make a separate plan for the 5 pay period months there is another way which requires calculus using integrals if u know calculus def integral of dollors per month from 0 to 4 or 0 5

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25) a charge card charges a minimum of $10.00 or 2% of the outstanding balance. your outstanding balance is $400.00 . what must you pay ? 26) your unpaid balance is $2,750.00 . your card has a minimum of $10.00 or 2% of the outstanding balance. what must you pay ? 27) a credit card charges a daily periodic rate of 0.05318% . what are the monthly and yearly rates ? 28) 29) you have a single - payment loan for $3,500.00 for 270 days at 9% annual interest. what is the interest amount and the money due at the end of the loan ? 30) you have a single - payment loan for $10,500.00 for 123 days at 15% annual interest. calculate interest due and the repayment amount . 32) you have written a check for $39.95 . you have recorded it in your check register. what amount would you record using the quick method ? 33) you have written a check for $43.75. what would you record using the quick method? 35) calculate the simple interest on $2,000.00 at 11% apr for 1 year . 36) calculate the simple interest on $1,500.00 for 8 months at 6% annual interest . 37) calculate the simple interest on $1,500.00 for 55 days at 2 ½ % annual interest. 38) you buy cisco stock at $17 a share and sell it at $14 a share . what did you experience? 39) you purchased shares for $15 each . they are paying a $0.75 dividend . what is the annual yield ? 40) you have made $3,000.00 on the sale of your stock . the original cost of the stock was $15,000.00 . find the percentage of increase . 41) you have purchased a $10,000.00 bond at 85% paying 7% . calculate cost of the bond. 42) you have purchased a $10,000.00 bond at 85% paying 7% . calculate the interest paid. 43) you have purchased a $10,000.00 bond at 85 % paying 7% . calculate the annual yield. 44) a health plan costs $5,200.00 for each employee . your employer will pay 80 % of this cost . what will you have to pay ? 45) annual premium per $1,000 of life insurance: 5 year term age male female 50 $ 5.84 $4.82 55 $ 8.81 $6.60 60 $13.22 $9.71 you are a 50 - year -old male . you want to purchase $400,000.00 of term life insurance . what is the yearly cost ? 46)annual premium per $1,000 of life insurance: 5 year term age male female 50 $ 5.84 $4.82 55 $ 8.81 $6.60 60 $13.22 $9.71 you are a 60 - year -old female. you want to purchase $400,000.00 of term life insurance. what is the yearly cost ? 48) you paid the bank $142,560.00 over 20 years . you borrowed $90,000.00 . how much interest did you pay ? 49) a new car sticker shows a base price of $29,999.00 and options totaling $4,999.00 . the destination charge is $325.00 . your research shows you that the dealer’s cost is 90 % of the base and 85 % of the options . what is the dealer’s cost ? 50) you have rented a truck . you are paying $49.99 a day for seven days. you are paying $0.99 a mile . you drive the truck 765 miles. you pay $85.00 to fill the tank with gas when you return the truck. what is your total cost for renting ?

25/ $8.00 i think - I can't see the question any more!

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I am so confused about the interest and blah blah blah, please help me. i bought a car in 2007, cost about $16000 (forgot my interest rate) i put down payment of $6000 lease is 60 months (5 years) monthly payment is $288.20 so, after 15 months of payment, i tried to calculate..this is how i do it, please correct me: $16000 (car cost) - down payment $6000 = $10000 amount financed $288.20 * 60 months = $17292 (principle + interest) $17292 principle and interest - $10000 amount financed = $7292 (interest????) $7292 is my interest over the $10000 amount i financed? which means....7292 / 10000= 72.92% interest rate? i know i sound really stupid here but please correct me.. so..after 1 year of payment of $288.20, i decided to pay $4000 because i got extra money, and later i found out my lease didn't get shorten, why? does the $4000 goes to my principle? or principle plus interest? if the $4000 suppose to pay off my principle, then how many more month my lease will be end?

First off, you've screwed yourself over several times. A lease is calculated by determining the monthly payment needed to cover the difference in cost between initial cost and depreciated cost (i.e. amount of car when it is turned in at 60 months). THEN, you add a monthly rental fee to this amount (you can think of it as interest, but you'll find out this rental fee is the same amount each month). THEN, you add in sales taxes. By putting down another $4,000, all you did was pay several months ahead of schedule.

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.can someone help with math plz :) bob decides to buy a used car for $2400.00 and he agrees to pay $200.00 a month plus interest for one year. he agrees to pay 1% interest each month. 1. how much interest will he have to pay the first month? (use your calculator) 2. what will his total payment be for the first month? . bob decides to buy a used car for $2700.00 and he agrees to pay 12 monthly payments plus interest for one year. he agrees to pay 1% interest each month. 3. calculate monthly principle 4. calculate the interest you plan to buy a $800.00 tv but you can't pay for it all at once. you find a store that will let you pay $45.00 a month for 20 months. how much extra in interest will you pay if agree to the payments? 5. first: calculate the total payment plan cost. 6. second: calculate the amount of interest you paid by making payments.

1) $2.00 (200 x .01) 2) $202.00 (200 + 2) 3) $225.00 (2700 div by 12) 4) $2.25/month (225 x.01) 5) $900.00 (45x20) 6) $$100.00 (900-800)