2006-10-27 05:14:47 · 11 answers · asked by sefse s 1 in Business & Finance ➔ Renting & Real Estate
Normally you pay one thou per every one hundred thou you borrow, so I would say roughly around 1,500 per month...
2006-10-27 05:19:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I need a lot more information from you before I even start trying to calculate this out.
First, I would need to know how long you are going to finance it for, 25, 30 years, or the scary new 40 year mortgage. Then I need to know what kind of interest rate you are going to be charged. I also need to know how much of a downpayment, if any, you are going to put down on the loan.
Plus, some people take out a first mortgage for 80% of the loan and then take out an ARM loan for the remainder of the 20%. There are so many different kinds of loan packages out there, I need more information first.
2006-10-27 12:18:47 · answer #2 · answered by jennnnn 4 · 1⤊ 0⤋
It will depend on what the interest rate is and how much of a downpayment you have. Also will depend if taxes and insurance is included with the payment or not.
2006-10-27 12:16:52 · answer #3 · answered by wish I were 6 · 0⤊ 0⤋
At least $1200, but that depends on all the things everyone else mentioned. Google "Mortgage Calculator" for more info.
2006-10-27 12:17:46 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Depends on the interest rate and term. Here's a payment calculator and you can figure it out yourself:
http://robhenry.com/calc.htm
2006-10-27 12:34:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How much down? At what rate? For what term?
We need a few more details to pinpoint a payment.
2006-10-27 12:16:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You would need to know the precentage rating and the number of years to pay on Mortgage.Then add insurance, taxes etc.
2006-10-27 12:18:21 · answer #7 · answered by Rather be dead than red... 6 · 0⤊ 0⤋
at 6% for 30 years the principle and interest payment would be $899.34.
2006-10-27 12:50:26 · answer #8 · answered by waggy_33 6 · 0⤊ 0⤋
a good rule of thumb is 10 percent of the total load amount 150,000 = 1,000 to 1,500 per month
2006-10-27 12:17:38 · answer #9 · answered by Pobept 6 · 0⤊ 0⤋
depends on your interest rate and if your homeowners insurance and property taxes are escrowed with your payment
2006-10-27 12:16:18 · answer #10 · answered by Emily B 4 · 0⤊ 0⤋