2006-10-29 09:52:24 · 5 answers · asked by Matrix 1 in Business & Finance ➔ Renting & Real Estate
Depends on your interest rate, property tax rate (and we'd need to know the appraised value of the home also to determine property taxes), etc. (Typically closing costs are paid once, or are thrown in to the total amount of the loan.)
There's lots of good mortgage calculators out there. Just google "mortgage calculator" and you can plug in all sorts of variables to find out your cost for various scenarios.
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2006-10-29 10:03:45 · answer #1 · answered by I ♥ AUG 6 · 0⤊ 0⤋
You have to know the interest rate, how many years the mortgage is going to be, are you including property taxes that you pay annualy/semiannually...will it be an interst only loan for a short period, an ARM or fixed rate...look online for a motgage calculator that will let you plug in all this info....or if you have MS Office you can download a template for excel.
2006-10-29 10:06:49 · answer #2 · answered by mahree 3 · 0⤊ 0⤋
Where do you live? US or Canada? What is the mortgage rate in your area? Do you have to pay property transfer tax?
2006-10-29 10:00:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Surely if you can use Yahoo Answers then you can search for a mortgage calculator online. Yahoo has one.
2006-10-29 10:02:58 · answer #4 · answered by bluzmelody 2 · 0⤊ 0⤋
go ask a banker ! you don't give specifics so do not get real numbers. Ask a banker.
2006-10-29 10:00:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋