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If a 30 year mortgage monthly payment is 2250 month and the 2250 was paid and an additional 1000 toward principal every month how would this reduce the term of the mortgage?
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∙ 14y ago
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What is mortgage principal curtailment?
A mortgage principal curtailment is an additional payment to principal.
How to make extra mortgage payment to principal?
Include the extra payment to your monthly payment and designate on the payment coupon the amount that is to be applied to principal. If it doesn't have a space for that, it's ok. Any additional amount you pay will be applied to principal.
What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What is the average mortgage for a house that cost 250000?
Based on my experience in Illinois, your 30 year fixed mortage principal, interest, taxes & insurance monthly payment will be approximate 1% of your mortgage principal. So, if your mortgage principal is $250,000 less down payment plus interest plus taxes plus interest, your monthly payment will be about $2,500.
what would a monthly payment run on a 30 year note & a $60,000 loan?
Assuming your mortgage rate is about 6%, the monthly principal and interest payment would be about $360. Your Mortgage rates might be higher though because of the financial problems.
What is mortgage principal curtailment?
A mortgage principal curtailment is an additional payment to principal.
How to make extra mortgage payment to principal?
Include the extra payment to your monthly payment and designate on the payment coupon the amount that is to be applied to principal. If it doesn't have a space for that, it's ok. Any additional amount you pay will be applied to principal.
What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What is the average mortgage for a house that cost 250000?
Based on my experience in Illinois, your 30 year fixed mortage principal, interest, taxes & insurance monthly payment will be approximate 1% of your mortgage principal. So, if your mortgage principal is $250,000 less down payment plus interest plus taxes plus interest, your monthly payment will be about $2,500.
When a borrower makes a regular monthly payment to their primary mortgage the amount of the payment that is applied by the lender to reduce the outstanding balance is called what?
PRINCIPAL :)
what would a monthly payment run on a 30 year note & a $60,000 loan?
Assuming your mortgage rate is about 6%, the monthly principal and interest payment would be about $360. Your Mortgage rates might be higher though because of the financial problems.
What is her monthly principal and interest payment if Dora is purchasing a 162000 home with a 30 year mortgage at 5.15?
884.56 ApEx :)
What affects the size of your monthly mortgage payment?
Your monthly mortgage payment is affected by the amount of the loan, the interest amount, and the length of time of the mortgage.
Please let me know which of below mortgage options will save us more money?
Sorry, I meant "$400 towards the principal" not $500.
How do you calculate a monthly payment on mortgage?
The easiest way is to use an online mortgage calculator. Make sure you know the principal, interest rate, and the term or length of the loan.
How much are the monthly payment of a mortgage of 30000?
That depends on several additional pieces of information you didn't include in your answer, notably interest rate and length of the loan. As an example, a 30000 mortgage at 4% for 15 years would have a monthly payment of $221.91. Please provide the additional details on your loan terms for a more accurate answer.
Where can I find an online monthly mortgage calculator?
An online monthly mortgage calculator can be found at: http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx. This tool allows you to enter additional payment amounts so you can see how the extra payments will effect your balance.
