How much will my mortgage be if I bought a home 210,000 - 215,000?
Home Mortgage
Ricky D asked:
If I put $20,000 down what would i be expecting to pay with property tax, HMI (full coverage) and mortgage included?
Jose
If I put $20,000 down what would i be expecting to pay with property tax, HMI (full coverage) and mortgage included?
Jose
July 31st, 2009 at 3:56 pm
Louise
Go to Google
Type in “mortgage calculators”
You’ll get dozens of sites that will answer all your questions.
August 2nd, 2009 at 8:41 pm
Melissa
depends on your interest rate
August 4th, 2009 at 2:21 am
Caroline
I have always heard that for every 10,000 you can calculate a 100, so far for me it has been pretty accurate, but I don’t know how true it is for others
August 6th, 2009 at 1:23 am
Marc
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 with 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 pay 10% on a second mortgage, tax-deductible interest.