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A house on land contract for 77000.00 with a 7000.00 down payment. monthly payments 540.00 with an interest rate of 8.5 per annum what would the total cost be and how many months to payoff?
Wiki User
∙ 14y ago
Get on excel and use the PMT function. I feel like this might be a homework question. If you can't get it after, let me know.
Think Properties NYC
Wiki User
∙ 14y ago
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When selling your house do you have to keep making house payments?
Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.
Will an interest only loan calculator help me determine my monthly payments?
An interest only loan calculator will not help you to determine your overall monthly payments. This will only calculate your total interest payment. To know the total cost of your loan use a loan calculator.
How much will payments be a month when you take out a 7000 dollar loan?
It depends on the term of the loan, the interest rate, and details of the loan contract that may vary widely. For example, the contract may call for payment only of the interest until the end of the term, at which time the loan amount ($7000) must be paid. Or the contract may call for monthly payments calculated to pay the interest plus a portion of the loan amount so that the loan will be paid in full at the end of the term.
What loan conditions would result in higher monthly payments?
Higher interest rates.
How much interest is paid on a 52000 loan if the monthly payments are 450.23 for years?
110,082.80
How much interest is paid on a 52000 if the monthly payments are 450.23 for 30 years?
110,082.80
Can you pay principle payments towards your vehicle to avoid interest How will that benefit?
The answer is, it depends on what the contract says - it may say that prepayments are just early payments - you may owe 80 payments period, whether you pay them monthly or over 7.5 years. So RTFC (check the fine print)! :)
Can they legally repossess your car if all your monthly payments are up to date but you have made a few payments a day or a week late?
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?
Borrow 25000 and make monthly payments of 497.98 for five years what is the interest rate?
3.5
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
What company has the lowest interest credit cards?
Interest fees vary depending on the credit card company. Most companies apply interest based on your credit score and credit history. To obtain a lower interest rate, increase your monthly payments or make payments more frequently. The more payments you make the lower your interest will be.
How long does it take to pay a 60000 student loan?
depends on monthly payments and the current interest rates
