Isnt there a formula or something.
2006-06-28 02:52:33 · 11 answers · asked by tinnisk 1 in Business & Finance ➔ Renting & Real Estate
There are a ton of websites that will calculate it for you. It's going to be roughly 1% of the purchase price, on a 30 year fixed mortgage. IE, you buy a $100,000 home, monthly mortgage & escrow should be about $1,000.
2006-06-28 02:57:44 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
Run a spreadsheet. Excel provides templates for this. You can fill in the sales prices of the house, the term of the mortgage, vary the percentages and see what scenarios you get. If you do not have Excel, or a spreadsheet program, I'm sure you can find someone who does.
Z-Best Bookkeeping, Manchester, NH
2006-06-28 02:59:36 · answer #2 · answered by Z-Best 1 · 0⤊ 0⤋
They are called "Amortization Tables" and any Realtor can tell you what you want to know.
I have run across an online Amortization Table, but it was a long time ago... seems like it was on one of the national agency web sites, so you might try Century 21 and Caldwell Banker for a start.
2006-06-28 02:58:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
alot of things depend on this, the real estate market and whether its high or low when you buy, i was once told the best time to buy/sell is jan. also your credit rating affects it greatly, my score is just below 650 and i have a 125000.00 loan for my mortgage and my payments are 950.00 a month at a 8 percent interest which is kinda high because my credit score was lower when i got the house last year, so once i get my score up to about 700 i will refinance the loan for cheaper morgage monthly pmts. good luck to you....
2006-06-28 02:58:15 · answer #4 · answered by Sandie L 3 · 0⤊ 0⤋
There are online amortizaion charts that can show you what your monthly payments can be. They are called mortgage calculators and can be found at Yahoo Finance. I've placed the link below.
http://finance.yahoo.com/loan/mortgage/calculators_index
2006-06-28 03:05:47 · answer #5 · answered by roofette61 1 · 0⤊ 0⤋
http://money.aol.com/calculators
Type: Ctrl +F
type: Mortgages and Home Finance
Press enter
2006-06-28 03:00:55 · answer #6 · answered by Gray Matter 5 · 0⤊ 0⤋
use the =PMT() funtion in Excel to find the amortized mortgage payment and add 1/12 of the estimated annual taxes and insurance to get the PITI payment.
2006-06-28 02:59:33 · answer #7 · answered by Homer J. Simpson 6 · 0⤊ 0⤋
Go to realtor.com. They have a mortgage calculator that can help you.
2006-06-28 02:57:11 · answer #8 · answered by BigRichGuy 6 · 0⤊ 0⤋
Go to Bankrate.com and use their mortage calculator. http://www.bankrate.com/brm/popcalc2.asp
Or you can visit my web site, there are 2 calculators there - good luck
2006-06-28 07:53:00 · answer #9 · answered by W. E 5 · 0⤊ 0⤋
Use a amortization schedule.
2006-06-28 02:57:33 · answer #10 · answered by AQHA34 5 · 0⤊ 0⤋