When it comes to your monthly mortgage payment, you're not just paying off the sticker price of the home. Your payment typically covers the principal and interest, taxes, and insurance -- together ...

The loan amount that you borrow is called the principal, and the interest represents the cost of borrowing charged by the lender. To calculate the principal and interest, multiply the principal amount ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

Many homeowners use adjustable-rate mortgages to finance their homes. The advantage of ARMs is that their rates can be lower than you'd pay on fixed-rate mortgages. However, ARMs have a couple of ...

Mortgage calculator apps can help you see the impact of different loan amounts, interest rates and payment terms in seconds. Whether you’re looking for a mortgage budget app to see what you can afford ...

Your payment is calculated based on your chosen interest rate and repayment period. The type of loan (interest-only or amortizing) will determine the loan payment formula and how interest is ...

So you’re looking for one of the best business loans or financing options available. That’s great, but how do you know if you can actually afford it? Before you borrow funds for your business, ...