Money Management

What is the average mortgage for a house that cost 250000?

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Wiki User
2008-08-25 23:54:24

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.

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