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What is your mortgage payment?

Updated: 9/14/2023
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10y ago

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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.

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10y ago
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call the mortgage holder and make payment arrangements


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There are mortgage calculators online. Most typically one can find a mortgage payment on Bankrate. One can also contact any local bank to help them determine a mortgage payment.


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 do you use payment in a sentence?

I have to make a payment on my mortgage.


What is initial payment on a mortgage called?

Down payment


What does the average American mortgage payment?

the average mortgage payment is around $1400.00 a month. believe it or not when i bought my house in 1972 my mortgage was $143.75 a month


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


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 I find a simple mortgage payment calculator?

If you are looking for an easy way to estimate your mortgage payments, look at this easy mortgage payment calculator: http://www.mortgage-calc.com/mortgage/simple.html