if i buy a home of $350,000 detached / semidetached and 10,000 down payment then how much mortgage will i have to pay every month????
thanks for the answers :)
2006-09-03 12:11:09 · 5 answers · asked by bjm_116 2 in Home & Garden ➔ Other - Home & Garden
well if not 10,000 then wat abt 20 or 25 ?
2006-09-03 12:16:38 · update #1
depends on your interest rate
lets say you did a 30 year 5% fixed
1825.19 would be your monthly
http://public.propertylinx.com/custom/templates/mortgage_calculator.asp?price=350000
here's a calculator.. toss around your own numbers.
2006-09-03 12:12:11 · answer #1 · answered by Min 4 · 1⤊ 0⤋
On a 340,000 mortgage loan (350,000 purchase price with 10,000 down) and an interest rate of 6.25% your estimated monthly payment would be: $2,093.44.
That is assuming the 10,000 down was only the down payment and that you have extra $$$ for closing costs.
While this would include interest, this does NOT include taxes, homeowners insurance, or PMI (private mortgage insurance) which you undoubtedly will have on a mortgage above an 80% loan to value ratio.
Good luck.
2006-09-03 19:17:48 · answer #2 · answered by hrh_gracee 5 · 1⤊ 0⤋
It depends on the interest rate and whether you take out a 15 or a 30 year mortgage with an adjustable or a locked in rate.
2006-09-03 19:36:18 · answer #3 · answered by beez 7 · 0⤊ 0⤋
That depends on your interest rate, insurance, tax, term of the loan and the cost of mortgage insurance (which you will need with so small a down payment).
2006-09-03 19:13:30 · answer #4 · answered by Jamestheflame 4 · 0⤊ 0⤋
if you have an OK credit, about 2700 with prop. tax and ins.
2006-09-03 19:17:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋