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A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property.

For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.

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โˆ™ 2014-03-15 01:25:26
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Q: What is a monthly mortgage payment?
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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 is a monthly payment called?

Amonthley payment on a house is called a "Mortgage"


What companies offer a monthly payment mortgage calculator?

Many global companies offer a monthly payment mortgage calculator. Some of them are banks, financial support companies, and mortgage loaner companies.


What is a mortgage payment calculator?

A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx


For what would one use the Coldwell Banker mortgage calculator?

You would use a Coldwell Banker mortgage calculator to estimate your monthly payment on a mortgage. To estimate the monthly mortgage payment you need to enter the purchase price, down payment, interest rate, property taxes, insurance, and mortgage term.


What is the difference between a mortgage and monthly rent?

Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.


Where can one get information on how to get a lower monthly payment on a mortgage?

There are many ways in which one can gain information on how to get a lower monthly payment on a mortgage. The most reliable way is to go to your bank for advice.


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.


How do you use a mortgage calculator to figure your necessary down payment?

A mortgage calculator will allow you to put in the amount that you wish to borrow from the bank along with the interest. It will then tell you the monthly payment. The monthly payment will adjust as you increase or decrease the amount of the down payment.


What a person who can afford a monthly payment of __________ and signed a mortgage with a monthly payment of __________ was most likely the victim of predatory lending.?

$900; $1000


What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.


What describes how a fixed-rate mortgage works?

The monthly payment on a fixed-rate mortgage never changes.


How does a fixed-rate mortgage differ from an adjustable-rate mortgage?

The monthly payment on a fixed-rate mortgage never changes-APEX


What are the elements of a monthly mortgage payment?

Principal, interest, tax, and insurance


What are some of the benefits of refinancing a mortgage?

If ones mortgage rates happen to be lower then expected, the monthly payment will actually go down with refinancing a mortgage. If a homeowner is in the position to make a monthly payment that is higher than usual, the homeowner may want to think about switching from a 30-year mortgage to a 15 year mortgage.


Why would a person want to remortgage their home?

Remortgaging a home can lower a monthly house payment. With today's lower interest rates one can save hundreds monthly on a mortgage. Shortening the mortgage term is another reason to remortgage. With lower interest rates one can keep the same mortgage payment, but the length of mortgage is shortened. While the monthly payment may remain the same, the overall term of the loan is decreased.


Which of these in not one of the four elements of a monthly mortgage payment?

Utllities, a+ colt york


Where can I find a monthly payment calculator for a mortgage?

Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments


How much is the average monthly mortgage payment in New York State?

Your monthly mortgage payment is affected by a couple factors, starting with your down payment. A greater down payment decreases the overall sum of the loan, therefore decreasing your monthly mortgage payments. The interest rate will also affect the total of the home loan and the amount you have to pay every month. If you have a high interest rate, then you will have to pay more on the total loan and every month.


What are the disadvantages of a variable interest rate mortgage?

A variable interest rate mortgage is one where the amount of interest being charged may change during the course of the mortgage depending on the current interest rates, but the usually monthly payment remain the same. The disadvantages of this type of mortgage is that if interest rates go up more of the monthly payment goes towards paying the interest instead of the principal, taking longer to pay off the mortgage. If rates go to high, the monthly mortgage payment may go up, this is rare however.


What is your mortgage payment?

A mortgage payment is an agreement entered into with a lender, which the borrower pays a monthly "mortgage" payment until the dept is repaid. To figure out what your actual payment would be, you can use many mortgage calculators, plugging in your specific interest rate and amount borrowed. See related links for the one I use.


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 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.


Calvin's monthly mortgage payment is 1580 30 percent of the payment is put into an escrow account. next year his loan will increase by 6.5 percent . what will his total monthly?

168270


What is the monthly mortgage payment on a 250000 loan at 4.5 percent?

For a 30-year loan, the monthly payment will be $1,266.71

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