how much do i have to pay monthly when i borrow $80,000 with 8% interest rate?

0 ⤊

how much do i have to pay monthly when i borrow $80,000 with 8% interest rate?

2007-09-03 11:34:22 · 3 answers · asked by LIZ 1 in Business & Finance ➔ Personal Finance

3 answers

You need to know how long the loan is!!!

2007-09-03 11:52:13 · answer #1 · answered by Karin H 3 · 0⤊ 0⤋

On a 30 year mortgage, principal and interest payment would be about $587. Your monthly payment would likely include taxes and insurance, and maybe PMI, so it would be higher than that.

2007-09-03 11:42:34 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

Since this answer requires a term to be able to calculate a payment, I put a website below that you do it.
Hope it helps

2007-09-03 12:07:43 · answer #3 · answered by Etta P 4 · 0⤊ 0⤋