R
Roger
I was calculating the total price of a home I could afford based on a
mortgage payment and then I got curious what the value would be if I added a
6% down payment into the mix so that it would return me to my original price.
For example:
If the value is $250,000 and I increase it by 6% the value goes up to
$265,000. But if I subtract 6% from $265,000 I end up with $249,100. How can
I properly calculate the increase so that it will return me to my original
amount of $250,000?
mortgage payment and then I got curious what the value would be if I added a
6% down payment into the mix so that it would return me to my original price.
For example:
If the value is $250,000 and I increase it by 6% the value goes up to
$265,000. But if I subtract 6% from $265,000 I end up with $249,100. How can
I properly calculate the increase so that it will return me to my original
amount of $250,000?