redwine
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what's your down payment? It will be about $65 per month for every $10K you borrow at a 30 yr fixed at 6.75%. , so $200K would be $1,300 per month. Add in local real estate taxes, as well as insurance and voila a monthly payment. |
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James C
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payment is usually around 10% of the mortgage amount, Id say around $2,000 |
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bikkerbabeee
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if you can find a place for that amount in southern cali.. you are someone special, or you are buying in an area not very desirable.
Even crappy houses go for around 300k. If you are lucky enough to find one at that price, expect to pay about 1500-2000 a month in payments. |
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winterpixie_13
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The trick to this is how much do you plan to put down, and what is the inrest rate of the loan because these things will effect the payment total greatly.
Also your credit will effect it.
All I can say is your best option for a low monthly payment is a loan thats for 30yrs and fxd rate. |
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shellyrich
 |
Monthly payments are roughly $750 for every $100,000 you borrow. Plus taxes and insurance. So for $200k, you're looking at $1500, roughly.
I want to know where you found something that cheap in So. Cal. My hubby and I want to move there but can't afford it! Nor Cal is cheaper and has better salaries. |
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moe h
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1700-2000 month depending on property tax |
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runnin w' scizzors
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I live in a small town in Western Ky. I bought a small home here last year for no money down and $417 a month. And that's PITI! True, I do have to live in KY. |
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wjvv
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About $1500.00/month. Plus taxes and insurance. Difficult to be real accurate without know the terms. |
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Steve
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Personally, I don't think that you can find anything worth living in for $200,000 in Southern California. |
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rowdysunsetart
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Lana if you go to alot of these real estate sites they have the boxes to show you just how much you would pay...it depends on how much you put down and what kind of mortgage you get...there are several things to take into account...I would do my homework...it could save you thousands...per month...hope it helps |
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giggles
 |
I would guess around $2000.00. That would include taxes and insurance. For instance a house that was 70,000.00 The payment would be around $700.00, a house that is 150,000.00 would be $1,500.00.
Hope this helps? You might contact a bank and then also contact your insurance to get a quote and also contact the county to find out what the property taxes have been for the last 5 years. |
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kmkey7
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a place in southern california for $200,000? i say good luck!!! |
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www.cookielee.biz/marthaArrey
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If you base it off of a 30 year fixed rate (average is 6.42%) it would come to $1253.63...which doesnt include insurance or propert tax, which is very hefty amount in so cal.. |
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hi
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how many years is it spread out and how much did you put down? |
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Captain Jack
|
Somewhere in the neighborhood of $1,600 per month. |
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~~kelly~~
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I live in Va, but I just bought a 195,000 dollar home, and put 16,000 down and my payment is 850 a month. |
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roxiecat4200
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That really depends on what kind of interest rate you are edible for. It could make hundreds of dollars difference. |
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Yanswersmonitorsarenazis
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Probably $1600-1800, depending on taxes and insurance.
$200,000 at 7% interest over 30 years is $1330/mo. I'm assuming another couple hundred for taxes, insurance, MI if needed. |
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Terry S
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Take the interest rate you're going to get and multiply it by the loan amount
200,000/10=20,000*6.5%=1300.00 + Taxes + Insurance
If your interest rate is 6.5%
Terry Smith |
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bayoubrez
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LOL! mr mortgage broker has the correct answere, around 1300 mo depending on your credit..........btw I live in Florida and I think 6% interest here is about the same as 6% interest in Ca. |
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shager132
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Go to the Yahoo homepage and under the search type in Mortgage Calculator.
When the site you have selected comes up, you should be able to add in your down payment amount, interest for the loan, length of the loan and the total borrowed and it will give you the monthly payment! |
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East & West
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If you take a loan for 200,000 with 20% down at 7% inntrest 30 yrs loan your payment :1197.54 without insuranceand taxes. |
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Lainie L
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Figure about $70 per every 10,000 you plan to finance per month. With mortgage rates being in the low 6's plus taxes and insurance. The figure you come up with will be plus or minus $50. |
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Alterfemego
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not enough information, like downpayment, interest rate etc. |
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