The answer depends on the interest rate and the length of the mortgage. You can build a chart at the related link provided below.
That depends on a lot of factors including interest rate, length of loan. For example, at 5% for 30 years your payment would be: $805.23 But at 15 years, it would $1,186.19.
A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.
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.
You don't ever have to put a down payment down (unless your lender bank requires you to), however 20% of the value usually is the norm. We bought our house with NO down payment.
There is no such thing as an average mortgage payment. This is down to the fact that house prices vary nationwide, interest rates vary and the length, or term, of a mortgage will also vary.
That depends on a lot of factors including interest rate, length of loan. For example, at 5% for 30 years your payment would be: $805.23 But at 15 years, it would $1,186.19.
A Monthly Mortgage payment, would be the repayment of a loan taken with a bank or lending firm, when buying a house or property. For example, if you borrowed $250,000 to buy a house, with an interest rate of 3%. The estimated monthly mortgage payment would be 1,054.01 per month, for 360 months.
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.
You don't ever have to put a down payment down (unless your lender bank requires you to), however 20% of the value usually is the norm. We bought our house with NO down payment.
There is no such thing as an average mortgage payment. This is down to the fact that house prices vary nationwide, interest rates vary and the length, or term, of a mortgage will also vary.
The down payment for the studio is $22,500. This amount represents 15% of the total purchase price of $150,000. Investors typically make a down payment to secure a mortgage for the remaining balance, which in this case would be $127,500.
Your house payment may increase due to factors such as an increase in property taxes, insurance premiums, or an adjustment in your mortgage interest rate.
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
What would the mortgage payment be on 600000
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.
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.
It depends on the interest rate and loan term. For a 4.5%, 30 year mortgage the payment would be: $2,533.43 If you did a 15 year mortgage at the same 4.5%, the payment would be: $3,824.97