I currently own my 230k home clear and free beside out a mortgage.However I took out a row of credit for 75k?

And since I have borrowed this amount when I do decide to supply my house they will take the balance owed since I am doing a intrest merely. I wanted to know if I put 100k down on a 230k loan what will be my avg monthly payment near fair credit.
Answers:
You don't own your home free and clear. You owe 75K on it.

What exactly are you asking? Is this a theoretical question or do you own a deal in mind?
100k 6.5% for 30 yrs would be 632.07
100k 6.5% for 20 yrs would be 745.57
100k 6% for 15 yrs would be 843.86
Never forget about occupancy!! Good luck Source(s): mortgage broker
I'm assuming that you want to know what the payment would be on a $130K loan.

If you could capture 6.5% 30 years fixed your principal and interest payment would be: $821.69. Source(s): I am a loan officer originating loans contained by CA and educating borrowers so they don't get screwed.
So you would be carrying a 130k loan. Depends on interest rate and length of loan 5 years (a) 6.5% 10 yr (a) 7%
There are a multitude of websites that chart the payments.

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