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It depends on several factors besides the loan amount. Primarily the interest rate and loan term(length of the loan), but a mortgage payment can include other items including escrow payments for property tax and insurance and possibly PMI.
To keep it simple though, a 150,000 mortgage at 4.5% for 30 years would be $760.03 for your principal and interest payment. If you could afford to do a 15 year loan, at the same interest rate, the monthly payment would be $1147.49 and you would save nearly $70,000 in interest.
What else can I help you with?
What would a mortgage payment be for a 150000 house?
The answer depends on the interest rate and the length of the mortgage. You can build a chart at the related link provided below.
Should your parents have you on the title of their house to avoid forced sale?
If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.
Do you have to mortgage your house?
No you don't have to mortgage your house, however if you do mortgage it, you could invest the available cash into a Money Market Mutual fund and cut you monthly payments to almost nothing, or actually make a profit.
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
Do you still have to pay back your mortgage if your house for sale?
Of course. Until you pay off the mortgage loan, you have to pay payments on the home.
What would a mortgage payment be for a 150000 house?
The answer depends on the interest rate and the length of the mortgage. You can build a chart at the related link provided below.
What to do if one owner is not making house payment?
The mortgage payments must be made or the lender will foreclose the mortgage.
Should your parents have you on the title of their house to avoid forced sale?
If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.
Do you have to mortgage your house?
No you don't have to mortgage your house, however if you do mortgage it, you could invest the available cash into a Money Market Mutual fund and cut you monthly payments to almost nothing, or actually make a profit.
Does insurance company have to pay mortgage if house fire?
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
Do you still have to pay back your mortgage if your house for sale?
Of course. Until you pay off the mortgage loan, you have to pay payments on the home.
How can I refinance my house to potentially lower my monthly mortgage payments?
To potentially lower your monthly mortgage payments, you can refinance your house by applying for a new loan with better terms, such as a lower interest rate or longer repayment period. This can help reduce your monthly payments and save you money over time.
If your annual mortgage payments total 13986.00 how much of a mortgage can you get?
Based on a 30 year mortgage with a 4.5% interest rate, you could afford a house that was worth $230,025
Does mortgage means security?
No. A mortgage is a form of loan to buy a house. As with any form of loan, if you can't keep up the payments, your bank/building society can reposess the house.
What are mortgage payments?
They are payments you make on your house loan every month. If you are looking for specific mortgage payment amounts, there are many calculators out there to use. I will include one in the related links. Payments can be fixed or variable depending on the terms of the mortgage. In some instances there might be a balloon payment at the end of the term.
How long can a spouse stay in the house after the mortgage holder dies and he or she can't make payments?
forever
Can you file and keep your house if you have a second mortgage?
You will be able to keep the house provided you keep making the mortgage payments. In a chpt. 13, if the 1st mortgage amount is higher than the house value, you can strip the 2nd mortgage and treat it as an unsecured creditor. If the house value is higher than the 1st mortgage, then you will need to keep paying both mortgages.
