What would my mortgage be?

November 15, 2009 by  
Filed under Mortgage

If I buy a home of $350,000 detached / semi-detached and 10,000 down payment then how much mortgage will i have to pay every month?

thanks for the answers :)
well if not 10,000 then what about 20 or 25 ?

Comments

5 Responses to “What would my mortgage be?”
  1. Min says:

    depends on your interest rate

    lets say you did a 30 year 5% fixed

    1825.19 would be your monthly

    http://public.propertylinx.com/custom/templates/mortgage_calculator.asp?price=350000

    here’s a calculator.. toss around your own numbers.

  2. Jamestheflame says:

    That depends on your interest rate, insurance, tax, term of the loan and the cost of mortgage insurance (which you will need with so small a down payment).

  3. hrh_gracee says:

    On a 340,000 mortgage loan (350,000 purchase price with 10,000 down) and an interest rate of 6.25% your estimated monthly payment would be: $2,093.44.

    That is assuming the 10,000 down was only the down payment and that you have extra $$$ for closing costs.

    While this would include interest, this does NOT include taxes, homeowners insurance, or PMI (private mortgage insurance) which you undoubtedly will have on a mortgage above an 80% loan to value ratio.

    Good luck.

  4. woodlander says:

    if you have an OK credit, about 2700 with prop. tax and ins.

  5. Beez says:

    It depends on the interest rate and whether you take out a 15 or a 30 year mortgage with an adjustable or a locked in rate.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

CommentLuv badge

This site uses KeywordLuv. Enter YourName@YourKeywords in the Name field to take advantage.

Powered by Yahoo! Answers

Powered by Yahoo! Answers