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Updated about 16 years ago on . Most recent reply

Bryan Winter's profile image
Bryan Winter's profile image
Bryan Winter
  • Real Estate Investor
  • from LaFollette, TN
  • Member since Jan 24, 2008
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Bryan Winter's profile image
Bryan Winter's profile image
Bryan Winter
  • Real Estate Investor
  • from LaFollette, TN
  • Member since Jan 24, 2008
Connect
Bryan Winter
  • Real Estate Investor
  • LaFollette, TN
0
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32
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General Real Estate Investing

Finance question? How do you come up with the amoritization

Bryan Winter
  • Real Estate Investor
  • LaFollette, TN
Posted

I have a home im gonna owner finance 10% down payment of $5000 and 10% interest rate for 10 years. The purchase price is $50,000. Is there a schedule to figure interest daily,monthly, etc do you amortize over 10 yrs or 30 yrs? can anyone help

Thanks
Bryan

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