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I'm trying to figure out what my original mortgage is. The mortgage servicer is as helpful as ever. I have the date of the first payment, the interest rate, the current payment, and current balance. Is there some kind of reverse calculator that would give the original loan amount?

Thanks ~~ Alison, too lazy to get the settlement papers from safekeeping
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The information on my mortgage is online when I go to verify my payment history.

Fuskie
Who figures you are already at the computer...
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I'm trying to figure out what my original mortgage is. The mortgage servicer is as helpful as ever.

Have you called or looked on their website to and try to get the "original principal balance"? Sometimes it's a terminology issue.

I have the date of the first payment, the interest rate, the current payment, and current balance. Is there some kind of reverse calculator that would give the original loan amount?

Thanks ~~ Alison, too lazy to get the settlement papers from safekeeping


If the mortgage company can't provide the info, I don't know of a reverse calculator, but, if it's a fixed rate mortgage, you could try plugging guesses for the original principal balance into Excel's PMT function, along with the original mortgage term, and the interest rate.

If it's not a fixed rate mortgage, unless you have kept track of every payment and every rate change, it would be a lot easier to get the papers from safekeeping.

AJ
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I'm trying to figure out what my original mortgage is. The mortgage servicer is as helpful as ever. I have the date of the first payment, the interest rate, the current payment, and current balance. Is there some kind of reverse calculator that would give the original loan amount?



http://www.bretwhissel.net/amortization/amortize.html

This calculator works for fixed interest rate loans. I'm assuming by payment amount you are talking just interest and principle, no taxes or insurance.

It will fill in any one block left empty.

You can print an amortization schedule. I use it quite a bit.

Jean
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The information on my mortgage is online when I go to verify my payment history.

Some time ago, I posted about my difficulties with AHMSI (American Home Mortgage Servicing, Inc.) about their cashing my check and then threatening foreclosure proceedings because their system didn't acknowledge the payment.

I trust them even less with the computer.

But thanks!

~~ Alison
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Have you called

I did call (India) trying to get the information, but he couldn't find it, putting me on hold several times while he supposedly checked different screens.

As I replied to Fuskie, I don't trust their computer system.

it's a fixed rate mortgage,

Yup, it's fixed, so I may be able to get the information by trial and error.

into Excel's PMT function

Guess I should figure out how to use Excel <g>.

As always, thanks, AJ!

~~ Alison
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This calculator works for fixed interest rate loans.

Jean, that's absolutely perfect!

I'm assuming by payment amount you are talking just interest and principle, no taxes or insurance.

Yup.

Thanks so much!

~~ Alison
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you're welcome.
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A little late, but have you checked on line with your county recorders office?

Crocket
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A little late, but have you checked on line with your county recorders office?

Nope, but the calculator link Jean gave seems to come up with a very reasonable number, given the other variables.

Thanks, Crocket!

~~ Alaison
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Did you not bother to read

http://boards.fool.com/Message.asp?mid=27373313

Why would I want a caluclator anymore when I have the internet!
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