bjm_116 asked:


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 ?

PIERRE

5 Responses to “mortgage?”

1. Min on October 17th, 2009 12:04 pm

   JULES

   depends on your interest rate

   lets say you did a 30 year 5% fixed

   1825.19 would be your monthly

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

2. Jamestheflame on October 20th, 2009 3:18 pm

   DALTON

   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 on October 20th, 2009 6:50 pm

   STACY

   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 on October 22nd, 2009 9:57 am

   MONROE

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

5. Beez on October 22nd, 2009 11:37 am

   FRANKLIN

   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.

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