2006-08-16 02:40:02 · 12 answers · asked by Queen Nefertiti 3 in Business & Finance ➔ Renting & Real Estate
Your monthly principal and interest payment would be: $1,422.15
Your down-payment can effectively lower your monthly payment. For example: Paying a sturdy 20% down-payment of $45,000 could lower your monthly payment nearly $500 and also lower your total cost including interest payments from $287,000.
Closing Costs vary by lender.
2006-08-16 02:57:54 · answer #1 · answered by Turtles 2 · 0⤊ 0⤋
activity in basic terms is an determination and not the basis of all evil, yet whilst your making plans on staying interior the living house for greater desirable than 10 years, why circulate activity in basic terms. Why no longer shape the indoors maximum loan for 15, 20 or 25 years, placed the 200 saved from activity in basic terms lower back into the living house so your paying theory and characteristic the living house paid off via the time you retire. sell the living house and consolidate and purchase that living house with money. you do no longer go with to play chicken with a value strengthen 10 years from now, look what's going on, it ought to happen lower back, it ought to no longer. regardless of in case you pay a miles better fee with a 15 or 20 term, you get to place in writing that off your federal taxes, hence increasing your examine from uncle sam each april. look in any respect your suggestions, have a til run for 15, 20 3 hundred and sixty 5 days words, look on the quantity financed and notice the version between the 30, 20 and 15, then make a selection, i think of you would be pleasently suprised, good success and ask any questions you're becoming
2016-12-11 09:46:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Im assunimg at the 6.5 your speaking about is a 30 yr fix. Why would you ever want a 30 yr fix? Email me back to discuss further or call me at 813-917-7965 as Im a loan officer
2006-08-16 06:32:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Previous answers give you the P & I payment. Now divide that by 1/3 and add that into the the P & I payment. Property taxes and insurance are unknowns until you start to proceed with financing. Don't get caught unaware.
2006-08-16 03:47:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your Monthly Payment for 30 Years for an Interest Rate of 6.500 % on a Loan Amount of $ 225,000.00:
$ 1,422.15 a Month
2006-08-16 02:46:46 · answer #5 · answered by jason29445 3 · 0⤊ 0⤋
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RE :How much would a $225,000, 30 year mortgage cost a month? 6.5 %interest?
1 following 11 answers
2017-03-26 22:07:09 · answer #6 · answered by ? 6 · 0⤊ 0⤋
Your monthly principal and interest payment would be: $1,422.15
Your total cost in interest payments, should the term be completed and all payments made, would be $287,000.
Closing Costs vary by lender.
You would also have to consider tax and insurance payments.
2006-08-16 02:51:00 · answer #7 · answered by ReggieWjr1 4 · 0⤊ 0⤋
The P & I will be $1,422.15 per month. Impounds for property taxes and insurance will increase that, probably by several hundred a month.
2006-08-16 03:02:56 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 0⤋
It's good
2016-08-08 12:44:31 · answer #9 · answered by Dinah 3 · 0⤊ 0⤋
how do i calculate my mortgage interest for 2013
2014-02-28 11:47:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋