what is the monthly mortgage on $900.000   7 percent rate for 20 years?
595640
$6977.70 USD per month
72001
It depends on how much you owe at which rates, and how fast you're paying them off.  If it costs you $700 to drop 5%, you would be ahead after just a year if you owed $700 / 0.05 = $700 * 20 = $14,000.
836682
Yr 1. 9000*.08= 720 + 9000\nYr 2. 9720*.08=777.60 +9720\nYr3. 10497.60*.08=839.81+10497.60\nYr 4. 11337.41*.08= 907 +11337.41\nYr 5. 12244.41*.08= 979.60 + 12244.41\nYr6. 13224.01*.08=1057.92+ 13224.01 = $14,281.93 total repaid\n5,281.93 total interest
529046
I know that 15K looks like a lot, but what you should consider, kind of along the lines of the longer response below is your time line for the home.  If you are going to live in the home for a long time then you might want to check out a lower rate.  You can always check with a mortgage broker whom can run the rates and tell you how much you can save... I used a site called http://www.rezponze.com when I refinanced my home and got 3 different quotes that I could compare.  Ended up saving a boat load when I did it. I listed a few other sites that you can see rates live as well below. \n\nI would say that right now probably isn't the best time with interest rates rising.  I would probably wait it out till August who knows what the economy might be like then.  Best of luck...
845959
No, 7% means you get charged 7% on your balance each year. Yes during the first years only about 10% of your payment if applied towards principle. Get with your bank and get an amortization schedule which would tell you exactly how much of each payment gets applied where.  E-mail me, I have an excel file if you want one.
655545
usually 30% should go to housing*  what would 600 a month\nbuy  $750 a month would buy a house with no money down..\nlet me know **
368513
assuming the rate is 7% p/a the way you would calculate it is -\n\n7% of $3500 = $245 p/a\ntherefore $245 / 12 = $20.42 per month\n\nafter 9 months, $20.42 x 9 = $183.78
425508
If I had a magic ball..I would be doing something else with my life than writing mortgages...my opinion after 13 years of watching the market move..I think rates will continue to climb...my guess..7.5 by year end...8.75 by end of next year...i really think they will then move into the 9% range..total of 4 years we will see a refi boom...but rates will only fall to the high 7% range...I will never see rates in the 6's or below in my lifetime again...just an opinion.
692046
Here's a web-based Simple Loan Calculator... see Link.\n\nMortgage and other calculators there as well.\n\nPer the calculator:\nYour Monthly Payment for 5 Years\nfor an Interest Rate of 24.900 %\non a Loan Amount of $ 12000.00:\n$ 351.51 a Month
684781
http://www.rba.gov.au/ChartPack/interest_rates_australia.pdf provides the cash rate for the last 15 years. I'm nowhere near an expert, but mortgage rates in Australia generally shadow (obviously above, rather than below) the underlying cash rate set by the Reserve Bank.\n\nI would suggest that some time spent on the RB Web site should give you some decent answers.\n\nCheers\nAlister\nhttp://www.marketscience.com.au
762856
Between Federal, State and local (if you pay it) about 20-30 percent.
405838
If the loan is only $45000 and you want the payments under $600, first I would want to know if the taxes and insurance are included in your $600 payment.  Otherwise, it depends on you.  A 45,000 loan for 30 years at 15.8% is only $597.89 monthly.  That is a really high rate by today's standards.  A 12% rate, not bad for owner financing, is $462.88 monthly over 30 years.\n13.0% = $497.79\n12.5% = $480.27\n12.0% = $462.88\n11.5% = $445.63\n11.0% = $428.55\n10.5% = $411.63\n10.0% = $394.91\nHope this helps...
126607
Your total mortgage should be no more than 2 1/2 to 3 times your annual salary.  The higher the interest rate the lower the mortgage should be.
1045016
The highest as of right now is around 5.46%, but it has a minimum of 10k.  This is at Countrywide in CA.\n\nBankrate typically lists quite a few.
500285
Go to www.realtor.com \n\nthey have a mortgage calculator. you can change the price of the house, the down payment, and the interest rate.
285904
Okay....let's please all stop giving this poor person wrong answers.  An 80/20 loan is NOT where you put 20% down on the home.  This type of loan refers to two separate mortgages.  The 1st mortgage secures 80% of the purchase price, then the 20% takes care of the remainder.  Example:  $100,000.00 purchase price.  1st mortgage @ 80% is $80,000.00; then the second mortgage @ 20% is $20,000.00, thus giving you a total of 100% financing.\n\nAlso...bankrate.com is not a good source of info on different types of mortgages.  There is nothing wrong with this type of financing when you do not have the type of money tp put down on the home.  Very good choice.  Although you may get a better rate on a government loan (FHA/VA) and you only have to secure 1 mortgage.\n\nIf you would like to know some more about this type of financing or other types, please contact me at timothy.kazee@americanhm.com. and we can talk further.  You can also visit my website at www.americanhm.com/timothy.kaz ee.  Feel free to apply online there also.  Great question!!!!!!
569833
Hey Dude,\n\nThe usual answer is: it depends. Here is a summary of the loan types you are talking about:\n\n80/20: This is a no down payment loan at 100% of the purchase price. This loan will avoid having to pay PMI. The rate on the second is typically higher than the rate on the first mortgage.\n\n100% Single loan: Can't think of a good reason to have it since you have to pay PMI that is not tax deductible. On the 80/20 loan you can deduct the interest. You would have to wait until the loan balance is 78% of the property value before you can get it removed.\n\nFHA: this can be a great loan if your credit is a little shaky. You need to put 3% down, or have the seller be willing to work with you on a down payment assistance program. If you can't qualify for good rates on the 80/20, you may still get good rates on the FHA. If you have good credit, then this is not a good loan to have as you will have to pay MIP (Mortgage Insurance Premium).\n\nJohn Visser