Mortgages

What is a monthly mortgage payment?

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2014-03-15 01:25:26
2014-03-15 01:25:26

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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