2007-09-19 07:51:56 · 8 answers · asked by Lu A 1 in Business & Finance ➔ Renting & Real Estate
I found interesting information about your answer & the best options here.
http://all-mortgage-calculators.blogspot.com
Good luck!
2007-09-19 11:44:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are lots of calculators available, www.bankrate.com has a few great ones. But the general rule is 10% of the total borrowed amount will be your monthly payment including insurance and taxes. so if your borrowed amount is 300,000 then your monthly payment with taxes and insurance will be around 3,000 a month. I have personally always found this way of estimating to be a little on the high side, but in my opinion it is better to over estimate your monthly expenses then to underestimate.
2007-09-19 08:00:43 · answer #2 · answered by aslania 2 · 0⤊ 0⤋
Use one percent of the total mortgage. That is a close estimate. That will be the interest, principle, taxes and insurance.
2007-09-19 08:27:21 · answer #3 · answered by ? 7 · 0⤊ 0⤋
Bankrate.com has all the info you need to make an informed decision of whether to take out a mortgage.
2007-09-19 08:01:22 · answer #4 · answered by Dr. Wu 3 · 0⤊ 0⤋
google mortgage calculator
2007-09-19 07:56:50 · answer #5 · answered by Anonymous · 1⤊ 0⤋
google amortization, but don't forget to allow for insurance and taxes
2007-09-19 08:03:22 · answer #6 · answered by alva_lisa 1 · 0⤊ 0⤋
http://www.choicefinance.net/calculators/index.htm
2007-09-19 08:26:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
mortgage101.com
2007-09-19 07:59:37 · answer #8 · answered by SunnyInNC 2 · 0⤊ 0⤋