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There is no single interest rate. It varies by region, type of loan, borrower's credit rating, length of loan, amount of down payment and many other factors. You need to check several lenders.

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Q: How much interest for year on mortgage?
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Related questions

If your annual mortgage payments total 13986.00 how much of a mortgage can you get?

Based on a 30 year mortgage with a 4.5% interest rate, you could afford a house that was worth $230,025


Why aren't the payments for a 15-year mortgage twice the payments for a 30-year mortgage at the same rate?

With the 15 year term, because you will pay the loan off much quicker, you will not pay nearly as much interest. If you take a look at a mortgage calculator, and change the term back and forth from 15 years to 30 years, you will see the change in interest paid.


What are mortgage interest rates at woolwich?

The mortgage rates at Woolwich can vary depending on the type of loan you get. For example, for a 2 year fixed remortgage, the interest rate is 3.5%. For a 2 year fixed Barclay's loyalty mortgage, it is 3.6% APR. A 5 year capped rate mortgage has an interest rate of 3.3% APR.


What is the monthly payment for a 34000 mortgage?

It depends on the interest rate and the length of the mortgage. For a 30 year mortgage at 4.5% the payment would be $172.27. If you can afford it, a 15 year mortgage at 4.5% would be $260.10 but would save you about $16,000 in interest.


How can i calculate value of mortgage interest deduction?

On the mortgage documents is a list of the interest payments for each year. If they are by month, you add them up. You get the year's interest payments. When you fill out your income tax forms, you put mortgage interest in the proper blank. Then you follow directions. If you use a computer program, it is even easier.


How much is a monthly mortgage payment?

That depends on the cost of the property and the interest rate of the mortgage. There are websites with mortgage calculators.


Why would you want an interest only mortgage?

An interest-only mortgage calculator can help you determine how much money you'll save by getting a shorter-term mortgage, refinancing your mortgage and/or making additional payments on your mortgage.


What is the typical interest rate on a new mortgage?

The typical interest rate on a new mortgage can range greatly and depends very much on whether it is a fixed or a tracker mortgage. A tracker mortgage follows the national interest rate while the typical fixed interest rate is roughly 3.14%.


How much interest is added on to a mortgage loan?

There is no one way to determine how much interest will be added to a mortgage loan without knowing the specifics of the loan. The amount of interest could be as low as 2.7% or 5% or more. The bank, type of mortgage and credit history can all play a part in the interest rate.


How much will you get back on mortgage interest?

Either your question is poorly worded, or one of us is deeply confused about how interest works. You normally don't get ANYTHING back on mortgage interest.


How much interest am I paying each month mortgage payment calculator?

It would all depend on what type of a mortgage you have , What the lending loan is, what the interest rate given you as well as the amortization period is . A fixed mortgage will show you how much you pay in interest over a certain amount of time at the interest rate given you. The calculator will show you how much interest you are paying with a graph from beginning to end.


How are home mortgage rates calculated?

Mortgage rates are calculated based on the 10-year Treasury bond. This mean that usually when bond rates go up so do interest rates and interest rates are part of what we pay when we pay our mortgage. Mortgage rates are also calculated based on how much of a loan we need to finance our home purchase. One will pay an interest rate on the loan amount.