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    jmusher's Avatar
    jmusher Posts: 1, Reputation: 1
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    #1

    Aug 28, 2005, 07:08 PM
    Mortgage
    What will my payment be like on a 80/20 interest loan @7%?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Aug 29, 2005, 03:18 AM
    The number of years the loan is amortized is needed for the answer.

    By 80/20 are you saying the loan is for 80% of the purchase amount?

    If so, that part of it doesn't matter. With the percentage and number of years, you can get the interest per $1000 of the loan.

    You can even get an exact amount at an online amortization calculator, like here.
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