2006-10-12 08:44:51 · 6 answers · asked by KB 1 in Business & Finance ➔ Personal Finance
You need to know what your interest rate is to be certain. Also, if you have a down payment, you would not be financing the $120,000. However, 120k for 30 years at 8% is $880/month. At 9% it would be $965/month. That gives you a good estimate. You also need to remember, however, that this includes the Principle and Interest only. You will also be paying taxes and insurance along with that, so your actual monthly payment will be higher.
2006-10-12 08:54:58 · answer #1 · answered by Serving Jesus 6 · 3⤊ 0⤋
120K for 30 years at 6% = 719.63 plus tax and insurance
2006-10-16 12:29:44 · answer #2 · answered by madmike 2 · 0⤊ 0⤋
This will depend on your interest rate. Get quotes or calculate your mortgage payment at no charge from the source below.
2006-10-13 03:10:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
depends on the finance rate somewhere in the neighborhood of I'd say 600-1000.
2006-10-12 15:52:03 · answer #4 · answered by tpurtygrl 5 · 0⤊ 0⤋
around $1100 a month, if you are escrowing taxes and insurance, this is an estimate
2006-10-12 17:13:38 · answer #5 · answered by videogamer1979 2 · 0⤊ 0⤋
We would need an interest rate to calculate. You can figure it out yourself with this calculator. http://www.hsh.com/calc-amort.html
2006-10-12 15:48:00 · answer #6 · answered by grudgrime 5 · 0⤊ 0⤋