I need help with math

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  • Seaweed
    BARRELED IN @ SBR!
    • 01-19-12
    • 26314

    #1
    I need help with math
    If you purchase a home for 200,000 dollars and your interest in 6% with 30 year amortization. How much interest will you pay after 30 years? Please show your work and explain how to calc this
  • VeggieDog
    SBR Hall of Famer
    • 02-21-09
    • 7214

    #2
    Originally posted by Seaweed
    If you purchase a home for 200,000 dollars and your interest in 6% with 30 year amortization. How much interest will you pay after 30 years? Please show your work and explain how to calc this
    There are online calculators that will do the math for you. Google it.
    Comment
    • Headsterx
      SBR Posting Legend
      • 12-03-16
      • 22725

      #3
      Betting $0 and the wager wins mean you win $0. 🤣🤣😁
      Comment
      • Seaweed
        BARRELED IN @ SBR!
        • 01-19-12
        • 26314

        #4
        So nobody knows
        Comment
        • actiondan
          SBR MVP
          • 10-16-10
          • 3424

          #5
          you need a lot of help bro
          Comment
          • SomeDayinBuffalo
            SBR MVP
            • 08-12-11
            • 1454

            #6
            Are you putting a down payment down? If not it's around 32k
            Comment
            • SomeDayinBuffalo
              SBR MVP
              • 08-12-11
              • 1454

              #7
              Forgot to show math 200,000*.06=12,000/12=1000*320=32,000
              Comment
              • ChuckyTheGoat
                BARRELED IN @ SBR!
                • 04-04-11
                • 37048

                #8
                Originally posted by Seaweed
                So nobody knows
                Amortization schedule, Weed. It adds up substantially.

                Raw payments will be something like $400,000 to account for the Time Value of Money. If you want a more specific answer, let me know, pal.
                Where's the fuckin power box, Carol?
                Comment
                • blankoblanco
                  SBR MVP
                  • 11-18-11
                  • 3491

                  #9
                  Why is anyone engaging with this clown? He posted a dumb math problem for no reason. Did you really read that post and think it's the post of someone actually buying a house? Also, it's Seaweed. lol
                  Comment
                  • mjsuax13
                    Moderator
                    • 03-14-15
                    • 25028

                    #10
                    SPAM. Come on guy. I also told you this stuff in the saloon.
                    Comment
                    • veriableodds
                      SBR Hall of Famer
                      • 08-22-17
                      • 5093

                      #11
                      -here is the calculator Amortization Calculator | Bankrate
                      -help with all things finance A Proven Plan for Financial Success - Ramsey (ramseysolutions.com)
                      -no way in hell I would buy a house unless you have at least 25% down, avoid PMI
                      -if your mortgage is over 25% of take-home stay far far away from it in fact run
                      -I suppose this topic is coming up because the FEDS dropped rates. Let's get clarify fed rates. Interest is for people who have debt. The wealthy make more money because they get paid more on sitting cash IE: cd, money market, short term bonds, ect
                      Comment
                      • Headsterx
                        SBR Posting Legend
                        • 12-03-16
                        • 22725

                        #12
                        Originally posted by veriableodds
                        -here is the calculator Amortization Calculator | Bankrate
                        -help with all things finance A Proven Plan for Financial Success - Ramsey (ramseysolutions.com)
                        -no way in hell I would buy a house unless you have at least 25% down, avoid PMI
                        -if your mortgage is over 25% of take-home stay far far away from it in fact run
                        -I suppose this topic is coming up because the FEDS dropped rates. Let's get clarify fed rates. Interest is for people who have debt. The wealthy make more money because they get paid more on sitting cash IE: cd, money market, short term bonds, ect
                        Seaweed is Canadian. He doesn’t even care if Trump puts a tariff on his imported black dildo. 🤣
                        Comment
                        • veriableodds
                          SBR Hall of Famer
                          • 08-22-17
                          • 5093

                          #13
                          Originally posted by Headsterx
                          Seaweed is Canadian. He doesn’t even care if Trump puts a tariff on his imported black dildo. 🤣

                          -who knew Canadians were so smart
                          -unreal
                          Comment
                          • Headsterx
                            SBR Posting Legend
                            • 12-03-16
                            • 22725

                            #14
                            Originally posted by veriableodds
                            -who knew Canadians were so smart
                            -unreal
                            🤣🤣🤣
                            Comment
                            • Seaweed
                              BARRELED IN @ SBR!
                              • 01-19-12
                              • 26314

                              #15
                              Thanks
                              Comment
                              • Al Masters
                                SBR Hall of Famer
                                • 04-29-06
                                • 6940

                                #16
                                200k in Toronto is a broken down shack with rats and cockroaches, when you open a window to get some
                                fresh air you’ll be overwhelmed with the smell of Indian curry….make sure to get home owners insurance if it’s available for that part of town and arm yourself big time.
                                Comment
                                • Optional
                                  Administrator
                                  • 06-10-10
                                  • 61056

                                  #17
                                  Originally posted by Seaweed
                                  If you purchase a home for 200,000 dollars and your interest in 6% with 30 year amortization. How much interest will you pay after 30 years? Please show your work and explain how to calc this
                                  Around 1.5x the initial mortgage value, at a guess.
                                  .
                                  Comment
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