Don't ask me!
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Around £400.00 I think, not to sure, and depends over how many years
;-) |
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sandydesert
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If you take out a 20 year mortgage with a 2-year fixed rate @ 6.64% your payments should work out at around £420 a month and should include buildings insurance in that figure. After the 2 years it will revert to the interest rate current at that time which may be more or less than the fixed rate, but, at that time you should be looking around for another good deal either with the same mortgage lender or another one. Try to find a bank/building society that will allow overpayments so that, if you can afford it, you can pay more than the fixed payment each month. This will bring your capital sum down much quicker and also save you interest. Don't overstretch yourself by taking the mortgage out over a shorter period as that will fix your payments at a much higher cost and there may be months when you find yourself struggling to make ends meet. Also make sure you take out insurance against losing your job for whatever reason. The insurance will cover your mortgage payments for up to 12 months. Good luck. |
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john s
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if you have the PMI (private mortgage insurance) it will run you around $400 dollars, but if you don't then it will be around $375 |
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CJKatl
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As others stated, it depends upon the interest rate, repayment period, and what fees you roll into the loan. But to correct an earlier post, the Mortgage Insurance premium will also depend on several factors and could be as low as a few dollars to as much as the entire principle and interest payment, depending upon your credit, the equity you bring to the table, and what type of insurance is required for your loan. |
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Dagus Mines
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I wish I had a mortgage like that. |
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♥ Emily ♥
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Some estimates:
$394.03 if you get an interest rate of 7.75% for 30 years
$413.20 with 8.25% for 30 years
$356.73 with 6.75 for 30 years |
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monger187
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It depends on the length of the loan and the interest rate. Try this calculator:
moneycentral.msn.com/loan/
mortcalc.aspx |
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lordkarl_1
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it all depends on the terms of your mortgage. you need to give a lot more details. |
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ProfessorC
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At about 7% it will be $6.42 per thousand for a 30 year loan.
6% = $6.00 and 6.5% = $6.32. Add about 1/3 for escrow.
I also have the chart for 15 yr. But if you add about $2.50 to the per thousand $ then you could figure it out. |
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foreclosures101
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here calculate it here with your info
http://www.bay-area-cash.com/mortgage.html |
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Richard W
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Depending on your interest rate and length of loan, you should be looking at a payment around $500/month. |
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thedude
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Depending on your credit, probably a little over $400 per month plus property tax and insurance. Your monthly payment plus property tax and homeowners insurance is roughly 1% of your loan amount. $55K should cost you between $500 and 600. $100K will cost you $1,000 per month, $200K will cost you around $1,800-$2,000, etc. This number could be skewed by really high property taxes or if you put down a really big down payment, etc. |
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The Answer
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Depends on what the interest rate is |
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confucious says
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approx £355 |
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supercool1
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It will depend on a couple of things.
Interest rate
Whether or not you have to pay private mortgage insurance
Whether or not you have to include home owner's insurance and property taxes with the payment
What is the repayment period |
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zeggy
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http://www.nationwide.co.uk/mediacentre/PressRelease_this.asp?ID=1033
There are a few comparisons here half way down the page. they are based on a 100k mortgage but just half it, should give you a pretty good idea |
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Suki Boo
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wow - where did you find a house for 55'000 - Can I buy one too! |
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wiseolguy
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It is not only your mortgage payment, you have to include property taxes, assessments, insurance, and any other taxes also. |
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