Ponderable
- Thread starter Bruddah IZ
- Start date
How was I wrong about Johnson's pond? Please be specific.
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Wez
DA
I thought you said you occasionally carry a gun to a soccer field...
So my family should, in addition to avoiding drunks, should additionally have to worry about the idiot in the bathroom stall next to us accidentally shooting his gun off?
Which is why I said, "I understand this is what laws and elections are for, just sayin."
Wez
DA
Ah, the ole "you're just a pussy" response. When you can't discredit the extra risk posed by gun nuts toting guns around and accidentally killing people with them, just call the gun control advocates pussies...
Speaking of which --
http://www.bozemandailychronicle.co...cle_a84cb834-7cd8-5434-a0da-9618fe8ba765.html
Maybe he was defending himself against bears, or wolves, or cockroaches.
Wez
DA
See comment 792.
Bruddah IZ
DA
Wez
DA
Plenty of online loan amoritizers: http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx
Why don't we cut to the chase and you tell me what point you are trying to make first? Nobody needs yet another trip down the BIZ rabbit hole...
Bruddah IZ
DA
How would you know what I know when you canʻt even ammortize a 30 year loan at 3.25% and tell us what percentage of the monthly payment goes to interest?
Bruddah IZ
DA
Wez
DA
So you want me to do math but are unable to tell me why? I have 10 letters after my name that says I can meet your challenge, what I don't have is a reason to meet it yet. I'm guessing you don't even know why you're asking for that tidbit of info. I'm guessing, once you are given the answer, which btw, requires more information (total interest paid, percent of monthly payment, which monthly payment, etc.), you will have no real point to make at all.
That depends on which month it is, and whether there are any other factors affecting the payment schedule (late/on time/early? escrow account? 12, 13, 24 or 26 payments a year?, etc). It also depends on which definition of "interest" you are using. Usually, the advertised rate is not the legally-defined APR, which is usually higher, but it is not "20 times that", as you claimed.
And there is only one m in amortize.
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Bruddah IZ
DA
How about all but months 350 thru 360. Lets also assume the borrower is never late and thus increasing the percentage of interest on the monthly payment. 12 payments a year. You may use the APR if you like, thus increasing the dollar amount and percentage paid to interest from the mortgage payment, thanks for correcting the spelling my little editor. Now tell us why it's not "20 times that".
First of all, I don't know the APR without knowing all the details of the loan.
But please continue. You're doing great.
Bruddah IZ
DA
No, I don't want you to do the math. Why don't you use the calculator you linked to do that? Lets put those ten letters after your name to the test although I doubt it takes much to use a mortgage calculator. Should be easy.
I think if people knew that 60 cents of every dollar they paid toward the monthly mortgage was going to interest (bank) as opposed to principal, they might wish they were in the banking business themselves!!
Bruddah IZ
DA
Pick an APR. You already said it's going to be more then the advertised rate.
Still clueless.
Why don't you try that at the bank? "My name is Iz, I'm a financial genius, so I am going to pick my own APR".
Ignore their laughter. You're doing great.
Bruddah IZ
DA
Still nothing. Why don't you use Wez's link. I thought you liked spreadsheets.
Bruddah IZ
DA
Why would they laugh if I'm about to pay them a nice sum of money over thirty years? And when you pick the advertised rate that actually comes with an APR in case you didn't notice. So yes, if I meet underwriting standards, I do get to pick my APR since I'm the one doing the $hopping. I always know when I have you hooked. Each answer more revealing then the last.