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What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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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.
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.
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 are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What is the monthly payment for a 34000 mortgage?
It depends on the interest rate and the length of the mortgage. For a 30 year mortgage at 4.5% the payment would be $172.27. If you can afford it, a 15 year mortgage at 4.5% would be $260.10 but would save you about $16,000 in interest.
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 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.
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 are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
What are the advantages of paying your house off?
You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.
What is the monthly payment for a 34000 mortgage?
It depends on the interest rate and the length of the mortgage. For a 30 year mortgage at 4.5% the payment would be $172.27. If you can afford it, a 15 year mortgage at 4.5% would be $260.10 but would save you about $16,000 in interest.
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.
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.
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.
Where can you find a free interest-only mortgage calculator?
There are many online sites where one can find a free interest-only mortgage calculator. With those calculators you are able to find out your monthly payments.
Will they give me a mortgage if I have bad credit?
Often you can get a mortgage with bad credit. Bad credit can, though, increase your interest rate, increasing your monthly payment.
UK mortgage question I just wondered if you could tell me what proportion of the UK population have an interest only mortgage because they cannot afford the monthly mortgage repayments associated with?
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