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For the following​ loan, make a table showing the amount of each monthly payment that goes toward principal and interest for the first three months of the loan.

A home mortgage of ​$157,000 with a fixed APR of 6​% for 30 years. Fill out the table.End of Month 1 month 2 & 3

Interest$

Payment Toward Principal$

New Principal $

Guest Nov 1, 2017
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Here is the amortization table for the entire loan. Just add up the first 3 months:

 

http://www.calculator.net/amortization-calculator.html?cloanamount=157000.00&cloanterm=30&cinterestrate=6&printit=0&x=49&y=25

Guest Nov 1, 2017

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