does anyone know what a rough estimate of what a mortgage payment would be on a $180000 home?

Answer 1

it depends on the rate you can negotiate with the bank and how much down you put.

but the range on only the loan amount will be in the realm of $1200 to $1600 a month for 15 years. closer to the $1200, though. and closer to the $1600 if you get ripped off.

Answer 2

It depends on the mortgage you get into, its duration, and your down payment.

An estimate with a 20 year mortgage, with a down payment of $25,000 would be circa $646 a month, and that's without adding the property tax bills and the annual interest that the bank can give you.

Answer 3

go to google and type "mortgage calculator". then you put in your down payment, interest rate, etc. you can also try bankrate.com which has different types of mortgage calculators.

Answer 4

There are several mortgage payment calculators you can find on different bank and financial websites. Search mortgage payment calculator on you favorite search engine. To get a more exact estimate of your payment you will need to know the approximate current interest rates and the term of your loan (typically 15 or 30 years). This will give you your monthly payment towards your mortgage. However, the cost of your home will also include the taxes and insurance, so you will need to have a good estimate of each. In many areas you could be paying near $375 per month on taxes and insurance for a $180,000 home.

Answer 5

First of all, it depends on your credit history as to what interest rate you qualify for. Secondly, how much money do you have to put down? Zero, ten percent? I figured it with your credit being "Good", at 5.84% on $180,000 home, your payments would be, roughly, $1500.00 a month for 30 years. It also depends where you live as each state is a little different. Hope this helps!

Answer 6

Well if you are buying it which it sounds like you are then you are going to have interest. Figure your 180,000 x's your interest (say 6%) and that is 1080 dollars added to your 180,000. Which is 181,080. Then divide that by how many years your are going to take to pay it off (30 years in most cases) 181,080 divided by 30 which is $6036. Then you take that (because it is your yearly rate) and divide it by 12 months 6036 divided by 12 is 503 per month. Then you have your homeowners insurance that you either pay by the year, or month or it is added into your home payment.

Good Luck!

Answer 7

It depends of course on your interest rate and length of loan, but on a 30 yr, 7% mortgage for $180K, the principal and interest payment would be around $1200 a month. You'll have to add taxes and insurance to that, and those can vary widely depending on where the house is located, but would probably be at least another $250 a month and could be much more.