If i pay it off in 15 years and if i pay it off in 30 years. Thanks
2006-10-23 03:13:27 · 9 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
It depends on the interest rate and the length of time you want the loan for. For example the principle and interest on a 30 year loan at 6% would run $389.71, at 6% for 15 years it would cost $548.51. You would have to add real estate taxes and homeowner's insurance to this if the lender requires you to escrow these items.
2006-10-23 03:19:03 · answer #1 · answered by waggy_33 6 · 1⤊ 0⤋
What interest rate are you getting? That will make a HUGE difference in monthly costs. Don't forget you will have taxes and insurance to pay for and if you may have to carry PMI.
Principal Loan Balance: $65,000.00
Annual Interest Rate: 7%
Amortization Length: 30 years
Summary of Payments and Interest
Monthly Payment: $432.45
Total Interest: $90,682.00
Average Interest each Month: $251.89
2006-10-23 03:22:51 · answer #2 · answered by Zelda 6 · 0⤊ 0⤋
That would cost you NO MORE THAN $600 or $650 a month. I am assuming that your credit rating is acceptable,,,, by the way.. always shop around for the mortgage loan because there are sharks in the business
2006-10-23 03:20:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
400 n 200
2006-10-23 03:14:40 · answer #4 · answered by Echo 0 2 · 0⤊ 0⤋
Depends on your credit and the interest rate and terms.
2006-10-23 03:15:14 · answer #5 · answered by GreenEyedSista 4 · 0⤊ 0⤋
What are the interest rates?
2006-10-23 03:21:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Informative answers, just what I was looking for.
2016-08-23 09:19:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Great question
2016-07-27 22:47:55 · answer #8 · answered by Carolynn 4 · 0⤊ 0⤋
Depends who you are borrowing from, and how much they charge.
2006-10-23 03:16:04 · answer #9 · answered by KJ Gracie 2 · 0⤊ 0⤋