.......all i need is a good wed site or just a estimate to how much i would pay a month if would to buy a $100,000 home i know alot of thingS vary the total
2007-01-18 02:33:00 · 8 answers · asked by Rn-p 1 in Business & Finance ➔ Renting & Real Estate
A very general rule right now is about $600 per month per every $100,000 worth of mortgage. This does not include your taxes or home insurance, however. If rates climb, the monthly payment will go up as well.
2007-01-18 02:43:19 · answer #1 · answered by Kathleen K 2 · 1⤊ 0⤋
Here is just a quick payment amount based on 6.125% 30 Year mortgage with 5% down.
95,000
574.30 Principle and Interest. Does not include your monthly insurance or taxes. Depending on type of loan more than likely you will have private mortgage insurance on top of that if you go with a standard FNMA type loan.
So many different types of mortgage but that's a start.
2007-01-18 02:46:54 · answer #2 · answered by Lee P 2 · 0⤊ 0⤋
Use Excel:
Insert
Function
Use PMT
For Rate enter interest rate / 12 (to reflect monthly payments
"6%/12" or "0.005" whichever you prefer)
For Nper enter the total number of payments (i.e for a 30 year loan you would have 30 x 12 = 360 pmts.)
For Pv you enter the total amount of the loan (i.e. 100,000)
2007-01-18 02:40:33 · answer #3 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
It would depending on the amount you make for a down payment, the interest rate, and the repayment term. Also, your monthly payment may include property taxes, homeowners insurance, and mortgage insurance.
2007-01-18 02:42:28 · answer #4 · answered by mortgagelns 3 · 0⤊ 0⤋
www.gmacmortgage.com
has a loan amortization program. Be aware that it doesn't take into account any taxes and insurance payments that you might make with your house payments.
In excel go to File/New it will pop up on the right side for templates - choose templates on my computer and click on the tab - spreadsheet solutions and choose the loan amortization spreadsheet. It works real well also.
2007-01-18 02:42:56 · answer #5 · answered by PRS 6 · 0⤊ 0⤋
bankrate.com...but talk to a mortgage person in real life...they say the rates are unrealistically low on the internet and that they'll get you with hidden fees etc...
It depends on the type of Mortgage you want and It also depends on your credit..
but use bankrate.com to estimate...then use one of the highest quotes to be the most realistic!
2007-01-18 02:38:04 · answer #6 · answered by L 3 · 0⤊ 0⤋
if you go to www.lenehanfinancialservices.com they have a good mortgage calculator on the homepage...all you need to know is the loan amount and the interest rate.
2007-01-18 02:37:50 · answer #7 · answered by KELenehan 2 · 0⤊ 0⤋
Figure about 10% of the cost.
2007-01-18 02:40:28 · answer #8 · answered by Anonymous · 0⤊ 0⤋