[OC] House price you can afford by paying 1000/month for 30 years vs. interest rateSubmitted by hmiamid t3_xy7qym in dataisbeautiful
hmiamid OP t1_irghthn wrote
Reply to comment by [deleted] in [OC] House price you can afford by paying 1000/month for 30 years vs. interest rate by hmiamid
It's not a logarithm. Formula is (1-q^-N )/(q^(1/12)-1) where q is 1+r, r is the interest rate and N is the mortgage term in years.
[deleted] t1_irgqo1t wrote
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