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adversecamber

macrumors regular
Original poster
Jul 9, 2008
159
0
I've found a template for mortgage rates but it's very busy and I can't work out how to set it for interest only products.

Can anyone help? What formula do I need to find out the monthly payments on an interest-only mortgage if I know the loan amount and the interest rate?
 

MacDawg

Moderator emeritus
Mar 20, 2004
19,823
4,503
"Between the Hedges"
If you don't want to reinvent the wheel, you can just go here. The website does what you are looking for without coding in Numbers.

Woof, Woof – Dawg
pawprint.gif
 

maflynn

macrumors Haswell
May 3, 2009
73,447
43,365
Doesn't numbers of a loan comparison template. You could modify that to suit your needs.
 
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