$ 250,000 (list price) $ 250,000 (list price) $ 261,250 (loan)
x 0.045 (4.5%) + $ 11,250 (interest) - $ 0 ($$ down)
$ 11,250 <- total $ 261,250 <- home loan $ 261,250
interest (not exact total)
$ 261,250 ÷ 30 years = $ 8,708.33 is due to be paid each year
$ 8,708.33 ÷ 12 months = $ 725.69
$ 725.69 is your monthly payment
1000
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
30 %of his payment that goes towards taxes and insurance is 474.00 so that leaves 1106.00 so 1106.00 x 6.5% = 71.89 dollars add 71.89 to 1106.00 = 1177.89 his new payment is 1177.89
$250000
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
It depends on the economy and where the house is.
A monthly payment means a set amount of money which must be paid each month based on an agreement. This is commonly done for goods and services.
The monthly payment of any vehicle purchased, regardless of manufacturer, is wholly dependent on how much money is used as a downpayment on the loan and the interest rate applied to the loan.
Monthly payment means you get paid a small or big amount of money. Weekly payment means you get paid once a week. Daily payment means you get paid everyday. Yearly... i'm not sure about that, ask an adult or someone you know.
"How much money should be deposited at 4.5 percent interest compounded monthly for 3 years?"Incomplete question.... to do what?
250000
<?php $month = 360; //How many month you have for payment $monthlyPayment = 671.96; //Your monthly payment $moneyBorrowed = 99000; //How much you borrowed $totalPaid = $month * $monthlyPayment; //Number of months * Monthly payment $APRequ = $moneyBorrowed / $totalPaid; //Money Borrowed * Total money paid back $APRMonthly = abs($APRequ-1); //Returns the absolute value of the monthly APR $APR = $APRMonthly * 12; // Monthly APR to get Yearly APR echo $APR; ?>
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
30 %of his payment that goes towards taxes and insurance is 474.00 so that leaves 1106.00 so 1106.00 x 6.5% = 71.89 dollars add 71.89 to 1106.00 = 1177.89 his new payment is 1177.89
250000
$250000
it does not cost money to play on freerealms.com unless you are a member. I'm not sure if the cost is monthly. I'm not a member. 4.99 a month, but they have more payment options now