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2. Weighted-average loan age - Wikipedia

   en.wikipedia.org/wiki/Weighted-average_loan_age

   The weighted-average loan age (WALA) is measure used in pools of mortgage-backed securities that defines the average number of months since the date of note origination of all the loans in a pool weighted by remaining principal balance. [1] In the calculation each loan's size is in proportion to its aggregate total of the pool. [2]

3. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]

4. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. [1]The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

5. How to read and compare mortgage loan estimates - AOL

   www.aol.com/finance/read-compare-mortgage-loan...

   A mortgage loan estimate is a standard three-page document detailing the estimated costs, structure and other terms of the loan. Mortgage lenders are required by law to provide borrowers with a ...

6. Have a Mortgage? You Really Need to Calculate This Number - AOL

   www.aol.com/news/mortgage-really-calculate...

   A mortgage constant, also referred to as the mortgage capitalization rate, is a percentage of the total loan paid each year. If you are in the market for a new home, this percentage can be useful ...

7. Equated monthly installment - Wikipedia

   en.wikipedia.org/wiki/Equated_Monthly_Installment

   The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).