Current rate is 6.375% fixed
Current Payment is $1,671.15 per month
Loan Amt: $242k
I have a BA-35 calculator, but can't remember how to use it.
2007-12-04 06:13:27 · 7 answers · asked by Darryl P 4 in Business & Finance ➔ Renting & Real Estate
What is the new rate?
2007-12-04 06:23:07 · answer #1 · answered by Landlord 7 · 0⤊ 0⤋
best thing to do is google for an amortization calculator...and plug in your numbers!
What you might look into (and what I did) was to go from a thirty year mortgage to a 15 year mortgage! Cut in HALF and amazingly, the monthly payment didn't go UP all that much! It all has to do with time and interest!
Good luck and I hope this helps!
2007-12-04 06:23:55 · answer #2 · answered by Insuranceman 6 · 0⤊ 0⤋
make sure you add in your taxes and insurance. what kind of loan are you refinancing into? what rate, what is the new loan amount.... everyone has already asked these questions.
my website has an amortization calc www.firstntlmtg.com
2007-12-04 06:39:34 · answer #3 · answered by evensonhimself 2 · 0⤊ 0⤋
Go to bankrate.com or search for amortization schedule
2007-12-04 06:22:40 · answer #4 · answered by Gavin C 3 · 0⤊ 0⤋
http://www.mortgage-calc.com/mortgage/simple.php
2007-12-04 10:54:22 · answer #5 · answered by Debdeb 7 · 0⤊ 0⤋
google the words "refinance calculators" bankrate has a good one.
2007-12-04 06:24:36 · answer #6 · answered by marie 7 · 0⤊ 0⤋
is your loan balance the 242k or was that the original amount? if that is the original amount what is the balance now?
2007-12-04 06:28:22 · answer #7 · answered by Whit 4 · 0⤊ 0⤋