2007-02-13 12:26:05 · 15 answers · asked by jv20032006 1 in Business & Finance ➔ Renting & Real Estate
$1073.61
2007-02-13 12:29:39 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Holy Smokes! seem at those style of solutions... the respond is how plenty do you're making? in the adventure that your numbers are that plenty under the broking service who pre-approved you, he may be quoting you on an pastime in basic terms determination ARM or some thing, which i do no longer propose. Sorry for yelling, yet once you will stay interior the homestead longer than, say ten years, then circulate with a fastened cost loan. risk-free and shelter. If no longer, circulate with a 5/a million, or possibly a 7/a million ARM. there is not any longer something wriong with ARM's. they seem to be a stable product while used wisely. the factor is to wrap up a decrease cost for the introductory era, then jackrabbit out of it via merchandising and moving interior that quantity of time. purely make valuable there is not any prepayment penalty on them, and that they seem to be a stable-to-circulate product. wish that helps, plenty extra the place that got here from.
2016-09-29 02:11:09 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Your payment would be $743.27 a month for 342 months.
You will shorten the time of your loan and lessen your interest payout if you pay extra every month (just make sure you do not sign a loan that assesses an "early payment" penalty. Ask your broker about this and MAKE sure it is not in your contract.
The calculator that figures this out for you is called an amortization calculator, and this one is one of the best to use (and you don't have to give them your email address to use it).
http://www.bankrate.com/brm/popcalc2.asp
2007-02-13 12:34:12 · answer #3 · answered by Gem 7 · 1⤊ 0⤋
Your Monthly Payment for 28.5 Years
for an Interest Rate of 8.000 %
on a Loan Amount of $ 100,000.00:
$ 743.27 a Month
2007-02-13 12:35:09 · answer #4 · answered by Anonymous · 1⤊ 0⤋
$100,000 @ 8% for 28.5 year amortization (when the loan is paid off) would cost you $734.34 per month.
I've used the below mortgage calculator and used my mortgage calculator and the answer is the same so unless you have diffwerent compounding interest where you live then this should be he correct answer...
That's $100,000 @ 8% compounded semi-anually with payments made monthly for an amortization of 28.5 years (342 months)
If your interest is compounded not semi-anually (like every mortgage I've ever dealt with) then you may come up with a different figure.
2007-02-13 12:33:05 · answer #5 · answered by glen s 3 · 0⤊ 2⤋
$777.93. Excel has a function, =PMT, that calculates this for you. This is just the principal and interest. If this is a mortgage, you'd probably have to add in the monthly payment for real estate taxes and insurance.
2007-02-13 12:32:18 · answer #6 · answered by cjones1303 4 · 0⤊ 2⤋
I came up with 743.26 using http://www.nationwidebillrelief.com/calculators/homeloan.html They may can get you a better rate as well. This does not include taxes.
2007-02-13 15:39:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you have excel try the pmt function but I am getting $743.27 a month.
2007-02-13 12:31:09 · answer #8 · answered by nickhawkins21 3 · 2⤊ 0⤋
This web site has lots of financial calculators to help you with almost all of our everyyday questions:
http://www.finance.cch.com/tools/calcs.asp
Try it, it is really very good.
2007-02-13 12:32:31 · answer #9 · answered by InspectorBudget 7 · 0⤊ 1⤋
743.27 assuming its a fixed rate
2007-02-13 12:45:22 · answer #10 · answered by thebluntprincess 1 · 0⤊ 0⤋
8%? Are you crazy?
2007-02-13 13:29:21 · answer #11 · answered by Anonymous · 0⤊ 1⤋