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The price of a home is 220000 The bank requires a 20 percent down payment The balance is financed with a 30 year fixed rate mortgage at 75 percent what is the monthly mortgage payment to the neare?
Wiki User
∙ 13y ago
an arm and a leg...
Wiki User
∙ 13y ago
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What are the monthly payments on a 30 year fixed rate mortgage at 5 percent?
This would depend on the principal balance of the mortgage.
How much is the monthly payment to pay off my mortgage in 12 years?
Google mortgage calculator. Find one online and fill out the questions... You will need to know balance and rate...
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.
How does the mortgage balance get paid when you get a reverse mortgage?
Senior homeowners in US who have a lot of equity in their homes can qualify for these loans. Rather than making monthly mortgage payments to the lender, the homeowners can use the equity in their home to receive monthly payments from the lender. The borrower does not have the responsibility of paying off the loan till the time he lives in his home or expires.
What are two things that are included in your monthly mortgage payment?
Interest and a portion of the principal balance. Often banks will escrow your insurance and tax payments as well.
What are the monthly payments on a 30 year fixed rate mortgage at 5 percent?
This would depend on the principal balance of the mortgage.
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.
How much is the monthly payment to pay off my mortgage in 12 years?
Google mortgage calculator. Find one online and fill out the questions... You will need to know balance and rate...
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 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.
What would I need a mortgage amortization calculator for?
The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage.
How does the mortgage balance get paid when you get a reverse mortgage?
Senior homeowners in US who have a lot of equity in their homes can qualify for these loans. Rather than making monthly mortgage payments to the lender, the homeowners can use the equity in their home to receive monthly payments from the lender. The borrower does not have the responsibility of paying off the loan till the time he lives in his home or expires.
What are two things that are included in your monthly mortgage payment?
Interest and a portion of the principal balance. Often banks will escrow your insurance and tax payments as well.
Where can one download a calculator for the monthly mortgage?
There are many places where one can download a calculator for the monthly mortgage. One can download a calculator for the monthly mortgage by visiting popular on the web source such as Bank Rate and Zillow.
Do you still have to pay monthly mortgage if you have a reverse mortgage?
No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.
Pay the Mortgage Insurance Premium at closing and in your monthly payment?
If it is an FHA loan, you will pay Upfront Mortgage Insurance (around 1.75% of the loan amount) at the time of closing ( usually added to the balance of the loan ). Then you will pay a monthly MI payment ( about .55% added to the interest rate) every month.
What is meant by negative amortization?
A predatory subprime mortgage lending practice that occurs when monthly payments do not cover the interest due on the loan. The unpaid interest is then added to the mortgage balance causing the overall amount of the loan to increase.
