Mortgage Interest Rates | Housing | Finance & Capital Markets | Khan Academy

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Understanding how mortgage interest rates are quoted. Created by Sal Khan.
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Finance and capital markets on Khan Academy: Most people buying a home need a mortgage to do so. This tutorial explains what a mortgage is and then actually does some math to figure out what your payments are (the last video is quite mathy so consider it optional).
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Опубликовано:

8 июн 2011

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Комментарии : 64

@teambnb9947 7 лет назад

It is in reality way more complicated than his teaching but it has the general ideas and concepts of market rates. Two thumbs up for Khan. Thank you.

@corepersonaltrainer 7 лет назад

Thank so much for such an easy-to-understand explanation!

@mohitlohanivk 4 года назад

I am flooded with so many questions over here.

@VeryScaryShadows 13 лет назад

Im home-schooled,and Sal,You do better for me than a tutor,text-book,Or one of them stupid DVD's that seem like they are for 6 year olds....It feels like he talking TO you and he knows what questions you have to ask,AND HE ANSWERS THEM...I never got an answer back from my textbook when I asked What does (that ?>>>?>?) Mean???? Thanks!

@LifeWithLaughs 13 лет назад

you are so helpful! thank you!! :)

@H1mynameisLarry 7 лет назад

Thank you!

@sifrael 13 лет назад

Keep up the good work, Sal! You're on the right path. I certainly welcome that video

@ull893 4 года назад

Thank you Universe !

@ull893 4 года назад

Thank you Khan for doing this video and all that you do.

@michaelpaul5801 6 месяцев назад

excellent explanation--very easy to follow!

@blackviper354 4 года назад

I am in quarantine with you.

@ttwofeathers 7 лет назад

So easy to understand. Thanks for your help

@thesixthsense1 13 лет назад

Sal.. It would be of immense help if you do some videos in micro and macro economics..

@DynastyJr 3 года назад

This still doesn’t explain how the interest works

@britwit7 9 лет назад

Is there anyway we can see some calculations?

@ireneniharra 4 года назад

Thank you! It helped for my finance test

@TheDEWROCK 8 лет назад

What place does the rate have in this video besides the board?

@siernaturner3123 3 месяца назад

What is the positive to a 5/1 arm? Could the payments go down? Could this also be dependent on fico score or what if you make extra payments towards the principal? Could these still increase your monthly cost after the 5 years even though you’ve been a good borrower?

@MilVukovic 5 лет назад

Video would be much better if the numbers used were consistent.

@deepaksoni5153 6 лет назад

in mortgage loan which interest rate should we go for floating or fixed.. please advise sir

@Hokke88 13 лет назад

So the typical mortgage period in usa is 30 years? That's crazy. But what is insane is that in Sweden many ppl only pay the interest.

@jackylee_jack Год назад

Thanks for the teaching. Can u (or anyone reading) pls explain y does the bank refer to the government 10 year treasury rates and charges higher interest than it? Is it because the banks want to make more money than the government?

@charlesclark2423 Год назад

Keep on it

@leliacredge2063 4 года назад

Impressive pic

@ObscenePlanet 10 месяцев назад

Thank you @joecappa for bringing me here

@UninstallingWindows 4 года назад

Spending most of the monthly payment on paying the interest and not the loan seems very predatory to me. All loans should work by borrowing a fixed sum and paying a fixed interest amount. E.g You borrow 100 000 dollars and agree to pay the bank 10 000$ as a fee for giving the loan. Then, your monthly payment would be 110 000 / 30 years.

@Gaeisok 3 года назад

Yup. Agreed. But whenever I buy a house, for the first 7 years I will try give extra every month that only attacks the principal

@jesusnava6693 Год назад

How do you calculate the mortgage payment of 5 percentage fixed for 30 years or 15 years

@XBR4Da 13 лет назад

interesting

@eduardo_castillo5623 5 лет назад

XBR4Da nice

@lastnbrown 4 года назад

So tell me...., how much interest is paid on the first 30 years loan? Just the interest.

@pompei1968 4 года назад

The first 5 years you pay more interest than principal

@EhtishamAhmad 7 лет назад

If one have to pay 2K per month in which 200 will be the principal. It is understood. But if I pay 200 extra, in that month, would that be added straight into the principal or do they cut the interest from that extra money as well?

@bza069 7 лет назад

straight to the principal amigo. Ive done it before. You must inform the bank tho with the additional $200, that it is to be deducted from principal and not interest.

@punkotek 13 лет назад

p.s. when i have posted this link on the facebook it said: Message Failed This message contains blocked content that has previously been flagged as abusive or spammy. Let us know if you think this is an error.

@ArchNME 13 лет назад

@Hokke88 What's normal in your country?

@lalitjisoria Год назад

What if in ARM we able to pay all mortgage in 5 years term ?

@ArchNME 13 лет назад

$2000 is way higher that it would be.

@pompei1968 4 года назад

In reality ...the house is never yours ...even if it's paid off ..you have city tax to pay...if you don't pay that ..city takes it away from you

@sergiothelifeguard1 4 года назад

Where can I get a house for $200k!!!

@vorutouzamaki2635 3 года назад

Texas , Arizona get into trucking you can have a job anywhere

@Kai-iq2ps 6 лет назад

So I followed through the entire 14:17 minutes, and you still have not explained what is a interest rate.

@ShawnFreshley 4 года назад

Interest - the fee charged for borrowing money. APR (Annual Percentage Rate) - a uniform measurement of the cost of a loan, including interest & financed costs of closing, expressed as a yearly percentage rate.

@nostalgia9338 4 года назад

Shawn thank you

@Evettecord 2 года назад

@@ShawnFreshley how does the loan update as extra payments are made?

@lzgoldn7709 3 года назад

let's say that, let's say that, let's say that.....

@moenayt_ 3 года назад

My test is in 20 minutes. Oh lawd

@punkotek 13 лет назад

dear people banks are fucking with you big time.

@dominickcharbonneau5019 4 года назад

@pommyrooter 13 лет назад

Making money out of a fictitious item? Hmmmm that just seems stupid.

@Ojdaweedmane 13 лет назад

First

@zombiesstoryline 4 года назад

Let me simplify this for y’all, an interest rate is how much money is costs to borrow money. So a 7% interest rate on a 100,000 dollar loan will cost you 7,000 dollars to borrow the 100,000 dollars. In total you will pay 107,000 dollars on a 100,000 dollar loan.

@backwoodsreviews8391 4 года назад

dude what? that is not true its call APR. banks don't make money loaning 100k for 7k profit.

@Gaeisok 3 года назад

Ehhhh... no

@chazchazfbi 12 лет назад

Mortgages are a form of slavery ....Best days , rough , no CCTV , just free ,,, poor but free , now days we have iPhones , new tech , is that really better I don't know , we are all to busy paying our mortgages for life , retire at 67, finally paddy your property onto your son who has to pay 70% inheritance tax . We work so others live ,,,,, years back we all lived ,,, we all saw one anoughter more often , now it's all to fast . We are all being lubricated to get us through with plastic foods ,

@bza069 7 лет назад

i believe inheritance tax is 35% and only kicks in for amounts exceeding 5 million dollars. The tax laws change but that is what it used to be a few years ago.