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Updated over 9 years ago on . Most recent reply

Mortgage Calculation How To: Interest Only, 1st & 2nd Mortgage
I'm looking to figure out how to calculate the mortgage payments if I have a first mortgage that's interest only for say 1-2 years and then for a conventional mortgage (or if the interest rate changes after the initial interest only mortgage).
Does anyone have a resource or Excel spreadsheet for this or have done this type of calculation before?