I'm not quite ready to purchase a house. I would like to know what I would pay each month on a home that is approx. $250,000. My credit is fair-good. My state is Virginia and I live 10 blocks from the ocean and would like to stay in my area. I don't want to run the credit check in case that lowers my credit score. Is there anyway to find out APPROX. what I would pay??
2006-07-28 06:47:52 · 7 answers · asked by LoveMyLife 4 in Business & Finance ➔ Renting & Real Estate
Thank you to everyone who answered.
2006-07-28 13:50:26 · update #1
Your credit score WILL effect this number in some manner, as well as whether you have a down payment, bankrucpty's and other factors.
But a 100% financing on a loan of that amount should cost you approx $2100 (or below I highballed the interest rate some).
You can run other scenarios through mortgage caluclators on the web, Y! Finance section has a few. http://finance.yahoo.com/loan/mortgage/calculators_index
2006-07-28 07:43:13 · answer #1 · answered by ReggieWjr1 4 · 2⤊ 0⤋
Greetings-
You can pull your own credit report from any of the major companies (order a tri-merge). This number will probably vary a bit from the commercial numbers, but it can give you an idea, anyway. Armed with your number, you can get quotes from various companies, although nothing will be locked in and the rates may go up.
You can use an online calculator to check with varying interest rates (http://www.nosharkzone.com/calculators or bankrate.com, among others.)
Best wishes.
2006-07-28 07:22:47 · answer #2 · answered by K M 3 · 0⤊ 0⤋
http://www.mynlc.com/rtePage.aspx?lid=132 see the payment
on yor loan today 7% to 9% on time it will go up. some have low
but you need a fico of 750 up to get 6.5% or a arm loan.
my site www.mynlc.com/a17989
2006-07-28 07:03:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
if you go to one of the real estate company's websites such as Coldwell Banker or RE/MAX they usually have a way to calculate what you're monthly mortgage payment will be based on your down payment.
2006-07-28 07:39:57 · answer #4 · answered by Lov'n IT! 7 · 0⤊ 0⤋
yeah you need to finda morgage calculator which is on most realitor web site and you can put the amout of intresta nd down payment to see what it would cost with different aspects.
2006-07-28 06:51:27 · answer #5 · answered by amber m 1 · 0⤊ 0⤋
ball park $1600 plus property taxes and homeowners insurance
2006-07-28 06:59:41 · answer #6 · answered by DORA 1 · 0⤊ 0⤋
www.bankrate.com
Go to "calculators" and then "mortgage."
2006-07-28 06:51:50 · answer #7 · answered by m137pay 5 · 0⤊ 0⤋