I would like to find out how i can calculate mortgage for 30 years at 6.00 % interst ?
2007-08-29 05:57:15 · 6 answers · asked by Sarkis Khoshaba1947 1 in Business & Finance ➔ Renting & Real Estate
go to directorsmortgage.net and use the mortgage calculator
2007-08-29 06:00:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sure! I'll just need your Social Security number, your birthdate, permission to run your credit, your Visa number, and your mother's maiden name. For verification, that this is really you. Send me all this, and then be looking in your mail box for an envelope that says "MORTGAGE RATES ARE *STILL* AT ALL TIME LOWS! REFINANCE NOW!"
When you get this, you know I have taken care of you. Call me at the number on this piece of mail, and I will probably need to have my memory refreshed, but I'll catch on. Just keep saying "I need a rate quote for a 30 year mortgage at 6.00% interest." I'll get it.
Anyway, lets have with that personal, information, eh?
2007-08-29 13:12:16 · answer #2 · answered by Psychedelico 3 · 0⤊ 0⤋
www.bankrate.com
has some great mortgage calculators, they even show you the amortization schedule so you see exactly what you'd be paying in principle and interest each month. It also has a lot of great resources for homebuyers
2007-08-29 13:01:58 · answer #3 · answered by Roland'sMommy 6 · 0⤊ 0⤋
Don't forget there will be 2 other amounts that you will have to consider- Taxes and insurance for the house. Also your monthly bills will usually go up a bit because we all want bigger when we are in the growing up stage of life.
2007-08-29 13:04:01 · answer #4 · answered by helprhome 5 · 1⤊ 0⤋
here are lots of mortgage calculators available. Here is one: http://www.bankrate.com/brm/mortgage-calculator.asp
2007-08-29 13:02:59 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
$200,000 x 6% = $12,000 per year, $12,000/12 = $1,000 per month. You still have to add insurance and taxes and maybe PMI
2007-08-29 13:29:28 · answer #6 · answered by Leo F 4 · 0⤊ 0⤋