How much will my mortgage be if I bought a home 210,000 - 215,000?
If I put $20,000 down what would i be expecting to pay with property toll, HMI (full coverage) and mortgage included?
Answers:
Go to Google
Type in "mortgage calculators"
You'll get dozens of sites that will answer adjectives your questions.
I have always hear that for every 10,000 you can calculate a 100, so far for me it has be pretty accurate, but I don't know how true it is for others
depends on your down payment and interest rate and loan term. also depends on your taxes and insurance.
215k at 6.5% for 30 years near 10% (21,500) down your Principle and interest will be $1216. If your tax rate is 1% on the home the taxes will be about $180/month (that is if its assessed at 215k). Your home owners insurance will be around $300-600/year. PMI will be a couple hundred a month.
consider an 80/10/10 loan, so instead of paying PMI you'll repay 10% on a second mortgage, tax-deductible interest.
depends on your interest rate
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Answers:
Go to Google
Type in "mortgage calculators"
You'll get dozens of sites that will answer adjectives your questions.
I have always hear that for every 10,000 you can calculate a 100, so far for me it has be pretty accurate, but I don't know how true it is for others
depends on your down payment and interest rate and loan term. also depends on your taxes and insurance.
215k at 6.5% for 30 years near 10% (21,500) down your Principle and interest will be $1216. If your tax rate is 1% on the home the taxes will be about $180/month (that is if its assessed at 215k). Your home owners insurance will be around $300-600/year. PMI will be a couple hundred a month.
consider an 80/10/10 loan, so instead of paying PMI you'll repay 10% on a second mortgage, tax-deductible interest.
depends on your interest rate
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