Methods to Calculate Curiosity on a Mortgage

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¹ Data from Shopper Monetary Safety Bureau’s (CFPB) “What is the distinction between a easy rate of interest and a pre-computed rate of interest on an auto mortgage?” as of February 29, 2024: https://www.consumerfinance.gov/ask-cfpb/whats-the-difference-between-a-simple-interest-rate-and-precomputed-interest-on-an-auto-loan-en-841/

² Data from Experian’s “What’s an Amortized Mortgage?” as of March 1, 2024: https://www.experian.com/blogs/ask-experian/what-is-amortized-loan/

³ Data from Assurance Monetary’s “What’s a mortgage amortization schedule?” as of March 1, 2024: https://assurancemortgage.com/what-is-an-amortization-schedule/

⁴ Data from Calculator.web’s “Private Mortgage Calculator” as of March 1, 2024: https://www.calculator.web/personal-loan-calculator.html?

⁵ Data from Federal Reserve Financial institution of Cleveland’s “Inflation 101: Why does the FED card about inflation?” as of March 1, 2024: https://www.clevelandfed.org/center-for-inflation-research/inflation-101/why-does-the-fed-care-start

⁶ Data from CFPB’S “Perceive mortgage choices” as of March 1, 2024: https://www.consumerfinance.gov/owning-a-home/loan-options/

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