2007-01-17 02:09:10 · 9 answers · asked by C C 1 in Business & Finance ➔ Personal Finance
If you get a mortage for $44,000 over 25 years at current mortage rates, ( average 30year mortage is 6.13%)
Your monthly payment will be $287.00 a month.
2007-01-17 02:20:43 · answer #1 · answered by jeeper_peeper321 7 · 0⤊ 0⤋
Ok, is this endowment / repayment / interest only?
What is you APR?
Are there any introdutory rates?
An example:
£44,000 + £1000 fees over 25 years, interest only 6% APR locked + some form of repayment policy at 150 per month (will give some cashback at the end)
45,000 * .06 = 2700 per annum / 12 = 225 + 150 = 375 pcm
2007-01-17 02:22:56 · answer #2 · answered by Mark T 6 · 0⤊ 0⤋
That would depend on the interest rate. At 8%, it'd be 339.60. To compute, just use a spreadsheet's annuity (PMT) function. For the rate, put in the annual rate divided by 12. For the period, put in 300, and for the PV, put in 44,000. If it asks for an FV, put in 0 since that's what you want left after 25 years.
2007-01-17 02:37:36 · answer #3 · answered by puppy 3 · 0⤊ 0⤋
About 325.
2007-01-17 02:19:43 · answer #4 · answered by Gustav 5 · 0⤊ 0⤋
A dam site less than paying rent. Rates are exceptionally good at present and everyone seems to recommend a fixed mortgage rate
2007-01-17 02:16:21 · answer #5 · answered by John R 1 · 0⤊ 0⤋
Get on the web and look for an amoritization schedule. It will show you the payments at several rates of % and for different number of years
2007-01-17 02:14:25 · answer #6 · answered by worldhq101 4 · 0⤊ 0⤋
Apply online at www.surefirefinance.co.uk and they will get back to you with details of payments, interest rates etc and you can decide if you want to go ahead or not.
2007-01-17 19:58:54 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Go to url http://calculators.aol.com/tools/aol/home02/tool.fcs. Just fill in your numbers and hit next. You'll get the numbers you're looking for.
2007-01-17 02:22:09 · answer #8 · answered by lightpulse 4 · 0⤊ 0⤋
It can vary-- depends on how much your interest rate turns out to be. 4,5,6,7,8,9? Percent!
2007-01-17 02:14:15 · answer #9 · answered by Camoguntruck_lady 3 · 0⤊ 0⤋
44 grand.what are you buying.a shed???
2007-01-17 02:13:04 · answer #10 · answered by PIRANHA 4 · 1⤊ 0⤋