how much is the monthly payment of 150,000 house. i know it depends on the interest rate? but just an average would be good. it would be my first home im 23.
2007-07-10 15:20:59 · 4 answers · asked by John L 2 in Business & Finance ➔ Renting & Real Estate
I would put 20% down.
2007-07-10 15:35:24 · update #1
Around $1,000 for the mortgage ( at 7% interest). You will need to add property taxes and posssibly home insurance to that.
2007-07-10 15:27:47 · answer #1 · answered by klynnr_1981 4 · 0⤊ 0⤋
If you put 10% down so you had a $135K mortgage, the principal and interest payment might be around $900 a month. Then add another $350 or so for taxes and insurance - those could be considerably higher or lower depending on assessment and location.
This is purely a ballpark number, and would depend on a lot of factors you don't list. The principal and interest payment assumes a 30 year mortgage, 7% interest, which might or might not be what you'd get.
2007-07-10 22:28:35 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You can google mortgage calculator and find plenty that will let you just plug in the percentage along with the amount of the loan that the length of the loan and tell you what the payment will be. But for example, I live in Jacksonville Florida and am closing on my house next week at 7% VA Loan for 166,900 and the payment is around 1100 with another couple hundred in Taxes. don't forget to factor in HOA fees if you belong to an Association.
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2007-07-10 23:53:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋