2006-08-31 07:49:12 · 10 answers · asked by smileysweetits 2 in Business & Finance ➔ Renting & Real Estate
Principal and interest payments on a $200,000 mortgage with a 30 year term:
5% interest $1,073.64
6% interest $1,199.10
7% interest $1,330.61
8% interest $1,467.53
This does not include the taxes and insurance, so add another $200 to the previous figures.
2006-08-31 07:56:12 · answer #1 · answered by Adios 5 · 1⤊ 0⤋
The amount varies depending on the
1. Interest rate
2. the number of years financed (15, 29, 25, 30 years). The shorter the number of years, the higher the payment buy you pay less interest overall.
3. Whether it is an interest only loan or Principal and Interest.
Go to the Net and type "amortization tables" and there will be a bunch of sites that can do that for you in a heart beat. Please be aware that these calculations do not include real estate taxes and insurance. That can add up real fast.
2006-08-31 15:18:41 · answer #2 · answered by robert S 4 · 0⤊ 0⤋
There are many loan calculators online to figure out how much your payment will be.
Your payment all depends on interest rate, down payment, property taxes and insurance.
2006-08-31 15:03:38 · answer #3 · answered by walkerhound03 5 · 0⤊ 0⤋
$1264.00 a month. That's based on an interest rate of 6.5% for 360 months (30 years). Feel free to go to my website and use my loan calculator for different combination of figures. It can be found at http://www.flwaterhomes.com. You'll find the loan calculator under the 'useful links' menu near the top of the page.
Jim Reske, Realtor
ERA Advantage Realty, Inc
Port Charlotte, FL
2006-08-31 14:54:21 · answer #4 · answered by Realtor Jim 2 · 1⤊ 1⤋
It depends on the interest rate and the term of the loan. At the standard market rate for a 30-yr loan, you are looking in the range of $1250/mo.
2006-08-31 14:55:17 · answer #5 · answered by kwahaddi 3 · 1⤊ 0⤋
I can do a 100% (80/20) loan with stated income on a 30 year fixed with a 10 year interest only feature for $1252.00
If you have more questions www.diversifiedlender.com
We lend in every state
2006-08-31 19:56:55 · answer #6 · answered by Matt J 3 · 0⤊ 0⤋
It depends on your interest rate and down payment. I suggest you go to bankrate.com they have calculators that let you play around with all the different variables.
bankrate.com
2006-08-31 14:52:19 · answer #7 · answered by Eric 4 · 1⤊ 0⤋
ON AVG WITH TAXES PMI INS HOME OWNERS AND INTEREST RATES FOR TODAY ON A 30 YR 1900.00
2006-08-31 14:53:16 · answer #8 · answered by gerry22122 4 · 1⤊ 0⤋
over 30 years probaly 1500.00-1900.00
2006-08-31 14:52:05 · answer #9 · answered by flowersandhearts 3 · 1⤊ 0⤋
Use my loan calculator at www.lakecitymtg.com
2006-08-31 16:22:51 · answer #10 · answered by mortgage_info_4u 2 · 0⤊ 1⤋