How do you find various characteristics of a mortgage?

I need to know how to calculate the value of a mortgage from the asking price when you pay a 15% down payment. I also need to know, given a 3.5%/year interest rate over 15 years, how to calculate the equivalent interest rate per month and the monthly mortgage payment

Related Financial Planning Posts

• Bad Credit Mortgage Loans 101
• Loan Modification Help Center – Who Qualifies for a California Loan Modification
• Option Arm Mortgages Can Give Your Budget a Breather
• No Credit Check Student Loans: Good Option for the Students to Fulfill Education Needs
• Do FHA mortgage loans interest rates vary by lender or are they the same across the board in your area?
• Iwhats a good rate for FHA loan in Wisconsin?
• Student Loans : Student Loan Consolidation
• How do I refinance my home with less than good credit?
• Key Home Equity Loan Considerations
• Debt consolidation for self employed – Innovative handling of overgrowing debts.

Tags: asking price, interest rate, mortgage payment