How much would the mortgage be for a home going for 2.7 million?

Question

I stay in the VA area and homes are getting expensive. I am just curious. I know it would be very costly. I am a college student and want to be a first time homeowner in the future. Can someone just give me a rough estimate please. Thank you.

Answer 1

It depends on how long you want to finance - 15 ye=rs, 20 yrs, 30 yrs and so on. It also depends on how much interest the bank or the lender will charge - 4%, 6%, 7%,9% and so on. It also depends on what percent the bank is willing to finance - usually not the whole 2.7million, may be 60 to 75%.

Now you go to "www.realestate.yahoo.com/calculators/payment.html."
Somehow it is not printing the whole web site. After .com,
it should be /calculators/payment.html.
There you will be able to plug in all kinds of numbers and combinations of the above mentioned variables and get your answers readily on line- user interaction allowed.

Hope you live in a big dream house after you graduate and get a job. Good Luck.

Answer 2

No, no one mentioned they have been all sub-best. in spite of the shown fact that it became into the contortion of the marketplace by using the federal government imposition of mandatory sub-best loans, and the hollow of Fannie Mae and Freddie Mac to purchase super parts of sub-best loans that began this entire ball rolling. as quickly as you get rid of the skill to pay from the granting of a private loan, that utilized around the board. And in states with severe housing call for, those housing fees soared previous the consumers' skill to pay, or the components used for collateral have been themselves overpriced housing. while the housing bubble collapsed, that led to quite a few mortgages to be greater desirable than the homestead became into nicely worth. consequently merely strolling faraway from the valuables became right into a greater financially sound action than to proceed possession or sell at an considerable loss, the place the owner could would desire to make up the adaptation on the mortgage. without the preliminary distortion of the marketplace by using the government, those financial contraptions and questionable mortgages does not have become so frequently going on, in the event that they took place in any respect. that's the ripple result from the preliminary distortions led to by using government intrusion. there's a lesson to be discovered right here. Will that is handed over? looks possibly.

Answer 3

Depends on length of mortgage (amortization) and Interest rate.

A 30-year mortgage at 5% = just under $15,000 per month. This does not include the necessary insurance and taxes.

Answer 4

yes! you would not be albe to finance at 100% but the mortgage would be 30yr fixed 5% (the rate would surely be higher but you wanted an educated guess!
principle and interest !
$14,495.00 a month

you can play with the numbers using the link for the mortgage calculator below

Answer 5

You can go to my website www.Thomas2Sell.com. There is a mortgage calculator on there so you can play around with the loan amount and interest rate as well as the term length.

Answer 6

Go to my web site and use the mortgage calculator.

It's fun playing around with the numbers.

http://www.welcome2arizona.com/home/mortgage_calculators/mortgage_calculators.php

Terry S.

http://www.Welcome2Arizona.com

Answer 7

Hi,

Checkout http://homefunding.consumerplanet.info for finding low interest housing loans to suit your budget and own a dream home. Good luck!

Answer 8

probably about 15,000.00 per month and unless you are a millionaire dont even consider this house at that price an option .Pick something cheaper and there are nicer houses with cheaper prices . good luck .

Answer 9

$2,700,000 for 30 years at 6.12% rate, monthly payments would be approximately $16,396.70 !