i have a subprime mtg at 10% on 156,000 can go to 13% what variance can be expected in payments if not refince

0 ⤊

i have a subprime mtg at 10% on 156,000 can go to 13% what variance can be expected in payments if not refince

2007-09-02 03:05:56 · 2 answers · asked by annette m 1 in Business & Finance ➔ Renting & Real Estate

2 answers

Assuming a 30 year amortization period and that you are not currently on an interest-only program, your current payment for 156,000 at 10% should be 1,369.01 and your payment at 13% should be 1,725.67. The difference is 356.66.

2007-09-02 04:33:47 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Not sure how they do their calcs , but
My figuring is about $390 a month more .

Now those ARE credit card rates !
Actually 13% is double my credit card . . .

>

2007-09-02 10:13:24 · answer #2 · answered by kate 7 · 0⤊ 0⤋