I am converting a construction loan to a mortgage and I just want to know what my payments will be. I can't get any answers on-line without someone trying to give me a loan. Just please tell me what to budget per month. I know as long as it is under $1000.00 I can do it but I want to know the actual number and don't want to go to the bank or hassle of salespeople!!!!!!!!! Thanks!
2006-12-30 09:37:46 · 5 answers · asked by Tracy C 1 in Business & Finance ➔ Renting & Real Estate
yahoo's mortgage calculator is easy to use.http://realestate.yahoo.com/calculators/payment.html
2006-12-30 09:56:18 · answer #1 · answered by lumberman57 4 · 0⤊ 1⤋
$884.90 is correct. My reference is "Monthly Interest Amortization Tables" published by Contemporary Books, Inc., Chicago. That's principal and interest. If you get a mortgage, the bank will insist on collecting tax payments from you, with the mortgage payments. That may cost you an additional $250 to $300 a month.
2006-12-30 18:08:00 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
$884.90 principal & interest payment
2006-12-30 17:46:50 · answer #3 · answered by tianaramal 4 · 1⤊ 0⤋
bankrate.com will tell you.
2007-01-02 17:24:54 · answer #4 · answered by sm4125 3 · 0⤊ 0⤋
880.13
2006-12-30 17:58:14 · answer #5 · answered by healthspot_2000 4 · 0⤊ 1⤋