How much are the payments on a 1,50.000.00 home with 10.000.00 down payment?

Answer 1

Dude...ask someone to write this question for you. Your decimal point is still off. Is this for a One Hundred and Fifty Thousand Dollar ($150,000.00) house? Even if it is, and you have a $10,000.00 (notice the comma) down payment, you still need to:

1. Determine the interest rate
2. Determine if PMI, Taxes and Insurance are going to be included in your payment

Again, without that info, you won't get a reasonable answer.

Answer 2

Best policy is to sit with a loan consultant first. But if you just need a quick assessment, well good rule of thumb would be for every $100,000.00 that you borrow, you will have a $700.00 mortgage payment. Based on your credit rating, you can shave +/- $25-$30 on or off that $700.00 base.

If you have $10,000, you might want to discuss your options with loan consultant and see if your $10,000 is worth putting down towards your home or if it should stay in your pocket or a money market investment. Your $10,000 could save you $70 a month, which equals $840.00 in annual payment savings.
I strongly urge you to:

First - Talk financing with a lender

Second- Go over a purchase contract. This can help you save money when you find the home you have been searching for.

Third- Create a wants/needs lists for a home. There is no perfect home out there, but you can get a home that has most of your desires/wants

Fourth- Have a gameplan prepared. Its war in Real Estate. The best Real Estate Investors have a business plan to achieve a win/win situation. You should have one too. Having a Realtor on your side can make a difference.

Fifth- Hire a Realtor!
When you get sick, you go to a Doctor.
When you get sued, you hire an Attorney.
When you buy and sell Real Estate, you hire a Realtor.
All these professionals are in the business to help and they have the expertise to benefit your needs.

Answer 3

That would depend on type of loan program, term of the loan and the interest rate. Without those details, there is no valid answer to your question. You can put into a search engine "loan calculator" and go to many websites where you can plug in your information there to get the monthly payment. I would provide a link, but I am having problems with doing a search on my computer and that the internet provider is having issues at this time. Try that and see what you can come up with.

Answer 4

Google an amortization schedule and then enter principal amount less down payment, interest rate, length of loan and it will give you the amount of your payment.

Answer 5

Go to www.bankrate.com
You can calculate taxes and insurance along with your interest rate to come up with a total monthly amount.