What is the name of your state?AL
By the mortgage caculator I got the monthly payment is $817.08 if the loan amount is $100,000 at 5.5% for 15 years. How does a borrower know the mortgage balance by the mortgage calculator if the extra payment is uneven? For example, the first payment with an extra payment of $200; the second payment with 0 extra payment and the third payment with the extra payment of $300, how does the borrower know what is the mortgage balance after the third payment?
By the mortgage caculator I got the monthly payment is $817.08 if the loan amount is $100,000 at 5.5% for 15 years. How does a borrower know the mortgage balance by the mortgage calculator if the extra payment is uneven? For example, the first payment with an extra payment of $200; the second payment with 0 extra payment and the third payment with the extra payment of $300, how does the borrower know what is the mortgage balance after the third payment?