Mortgage

by truliavisuals

mortgage??
by bjm_116

if i buy a home of $ 350,000 detached / semidetached 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 wat abt 20 or 25 ?

Answer(s):

Answer by Min
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.

Answer by Jamestheflame
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).

Answer by hrh_gracee
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.

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

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