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How Do I Calculate Yearly Interest on a Mortgage?

how do you calculate annual interest

by Susan Reynolds

Find out how much of your money is paying interest.

Gather the loan information you need to compute the yearly interest: loan amount, interest rate and loan length. As an example, use a $75,000 mortgage for 30 years at 6 percent interest. This would give you a monthly mortgage payment of $449.66.

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