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What else can I help you with?
How can I calculate the monthly payments for a variable rate mortgage?
To calculate the monthly payments for a variable rate mortgage, you would typically need to know the loan amount, the interest rate, and the loan term. You can use an online mortgage calculator or a formula to determine the monthly payment amount based on these factors. Keep in mind that with a variable rate mortgage, the interest rate can change over time, so your monthly payments may also fluctuate.
Can you buy a home with a low income?
The answer would be yes, depending. A good rule of thumb is to calculate 43% of your gross income. Then, subtract your monthly payments (credit cards, installment loans and such). You'll be left with a figure that should be close to you eligible amount for a total monthly mortgage payment (principal, interest, taxes and insurance). It would be wise to ensure that even if my calculation allows this total monthly payment to be over 31% of your gross income, that you try not to take a mortgage payment over that amount. Many do, but it stretches them financially.
Amanda just took out a loan for 950 at a 7.2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38.50 to pay off the loan. If she changes her m?
To accurately assess the impact of Amanda changing her monthly payment, we would need to know the new payment amount and the specific changes she is considering. However, if she increases her monthly payments, she will pay off the loan faster and incur less interest over time. Conversely, if she decreases her payments, it will take longer to pay off the loan and she will pay more in interest. The loan's terms, including the interest compounding, will also affect the total amount paid.
What do you do after you get the total of the interest rate?
After calculating the total interest rate, the next step is to apply it to the principal amount to determine the total interest earned or paid over the specified period. If it's an investment, you would add this interest to the principal to find the future value. If it's a loan, you would consider how this affects monthly payments and the total repayment amount. Finally, it's essential to review the results in the context of your financial goals or obligations.
What would the average monthly payments be on a house that is 79000?
The average monthly payments on a 79,000 dollar house will depend on the interest rate you have and how much money you have put down. It will probably average around 500 dollars a month.
How do you count annual Mortgage?
Annual? Most people would make monthly mortgage payments. If your want to know what the total payments would be annually, just multiply by 12.
How can I calculate the monthly payments for a variable rate mortgage?
To calculate the monthly payments for a variable rate mortgage, you would typically need to know the loan amount, the interest rate, and the loan term. You can use an online mortgage calculator or a formula to determine the monthly payment amount based on these factors. Keep in mind that with a variable rate mortgage, the interest rate can change over time, so your monthly payments may also fluctuate.
What would your monthly payments be and for how long?
Iy would be veru long
What would be the monthly payments on a car finance of 32000 be over 4 years?
The amount for monthly payments on a car financed for $32,000 for 4 years will depend on the rate of interest that is charged. Banks might charge more interest to a person that has good but not excellent credit history.
Can you buy a home with a low income?
The answer would be yes, depending. A good rule of thumb is to calculate 43% of your gross income. Then, subtract your monthly payments (credit cards, installment loans and such). You'll be left with a figure that should be close to you eligible amount for a total monthly mortgage payment (principal, interest, taxes and insurance). It would be wise to ensure that even if my calculation allows this total monthly payment to be over 31% of your gross income, that you try not to take a mortgage payment over that amount. Many do, but it stretches them financially.
What is the prorated amount of a monthly bill of 1231.50 for 8 days of service?
The prorated amount of a monthly bill of $1231.50 for 8 days of service would be $328.40. You get this by dividing the total amount by 30 days and then multiplying that amount by the eight days.
Amanda just took out a loan for 950 at a 7.2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38.50 to pay off the loan. If she changes her m?
To accurately assess the impact of Amanda changing her monthly payment, we would need to know the new payment amount and the specific changes she is considering. However, if she increases her monthly payments, she will pay off the loan faster and incur less interest over time. Conversely, if she decreases her payments, it will take longer to pay off the loan and she will pay more in interest. The loan's terms, including the interest compounding, will also affect the total amount paid.
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
What would I need a mortgage amortization calculator for?
The mortgage amortization calculator is for working out your monthly mortgage payments. It will also calculate into the equation when and if you make extra monthly payments on your mortgage.
Can you get a loan if you are out of work?
If you can prove the ability to make the monthly payments or have collateral then yes. It is most likely that you would have to either own a large amount of paid for property that you could sell if you werent able to make the payments, or you would need a cosigner who would be willing to accept responsibility for the debt.
How much would you pay on a car when the monthly payments are 269.00 for 5 years?
16140
What loan conditions would result in higher monthly payments?
Higher interest rates.
