ok im thinking of buying a house for 38 thousand dollars, im giving 4 thousand dollars down and the interest rate is 10% for 15 years the question is how much does it come out to be in total with interest?
2006-12-11 10:46:06 · 3 answers · asked by redgrass43 1 in Business & Finance ➔ Renting & Real Estate
could you explain how you came up with that final number bostoninimo, cause they gave me a higher number.
2006-12-11 11:30:23 · update #1
Payments would be $365.37. The total interest over 15 years would be $31,765.83, the total monthly payments would be $65,766.60 and the total deferred price (payments + down payment) would be $69,766.60
But that's an awfully high interest rate for a 15 year mortgage. Unless your credit is pretty terrible you should be able to do better than that.
2006-12-11 11:03:20 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Why are you taking a loan at such a high rate? Where are you located? If you're in California give me a call & I can help you get a MUCH better loan. I work for a DIRECT LENDER which basically means we loan our own money, the advantage to that is that I have access to rates that are NOT offered to Brokers.
Mike Noga
Chief of Staff
First Fidelity Funding
Direct: (510) 587-7338
Main: (510) 587-REFI (7334)
2006-12-11 10:53:57 · answer #2 · answered by Solstice 3 · 0⤊ 0⤋
maximum of $3,400 per year and declines thereafter.
2006-12-11 10:52:02 · answer #3 · answered by Terry L 2 · 0⤊ 1⤋