2007-10-22 02:25:59 · 8 answers · asked by susan s 2 in Business & Finance ➔ Credit
thats with the best % you can pay.
2007-10-22 02:36:23 · update #1
779.42 at 6% for 30 years
864.89 at 7% for 30 years.
953.89 at 8% for 30 years.
2007-10-22 02:37:14 · answer #1 · answered by Yoho 6 · 0⤊ 0⤋
Yoho gave you numbers using typical mortgage calculator, which you can google easily to get numbers for any term (10-40 years) and rate. It is important to know if you escrow your mortgage, in another words include in payment monthly taxes and insurance, adjust the amount accordingly. Plus, with the interest rate up to 8% and loan amount more than 80% of value or purchase price of home mortgage insurance premium may increase the payment too.
2007-10-22 03:03:42 · answer #2 · answered by roginad 3 · 0⤊ 0⤋
That would depend on the interest rate, and program terms of the loan. Meaning will loan program be a 50 year Fixed,40 year Fixed,30 fixed, 15 year fixed, or Interest only. The rate and program would be based on credit score....
2007-10-22 05:18:18 · answer #3 · answered by smiley20903 2 · 0⤊ 0⤋
Go to the website below and read ALL of it, but in particular, the section called "payment calculator". This site is great and they give you the formula you can use for any financial transaction you can do yourself!
This formula is an easy one you can use with pencil and paper so a calculator makes it even faster!
2007-10-22 05:49:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Here's a website to help you:
http://www.mortgage-calc.com/mortgage/simple_results.php
You can change the purchase price, rate and term.
2007-10-22 02:44:56 · answer #5 · answered by Debdeb 7 · 0⤊ 0⤋
Don't forget that you also have to pay taxes & insurance, usually via an escrow account with the lender.
2007-10-22 03:02:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋
get the rates then calsulate
http://www.mortgage-calc.com/mortgage/simple_results.php
2007-10-22 03:23:49 · answer #7 · answered by Fabio G 3 · 0⤊ 0⤋
I think it depends
2016-08-26 03:54:00 · answer #8 · answered by ? 4 · 0⤊ 0⤋