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fwerds | Interest rate for mortgage payment help? |
What would be the monthly payment on a $90,000 mortgage at a rate of 7.5% interest for 30 years?
Additional Details
Anyone know how to calculate this? |
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lvchic_0110
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Result:
Monthly payment: 30 Years
Interest rate: 7.500%
Loan amount: $ 90,000.00
$ 629.29 a month |
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k.perk
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Depending on the tax rate assuming a fixed rate your looking at a total payment in the neighborhood of about $1050 per month total. I am basing that on the San Antonio TX property tax rate. A licensed Realtor in your area can give you a more accurate estimate because they know the area and the fees etc.
Krishna Perkins Realtor
New Home Locators
http://www.sahomelocator.com |
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DAVE
|
Interest only payment will be $562.50. This will be without impounds( taxes and insurance). Principal and interest will be $629.30. (Without impounds)
I used my mortgage calculator but you can look up mortgage calculators online |
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Spock (rhp)
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first answer only includes the principal and interest ... and it assumes the rate is fixed.
you need to add about 1/10th of the annual tax bill and 1/10th the annual insurance bill to cover your escrow. these vary by location, so ask before you buy.
also, if you are required to buy mortgage insurance, that is added onto the payment. can't imagine it adding more than $20/month though. |
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butterfly-wings
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Your monthly payments would be $620.29 per month. total interest payed would be $136.545.50
Fortnight payment would be $290.31per fortnight. Interest payed would be $136,444.51
Weekly payment would be $145.13 per week and interest payed would be $136,401.23
Hope this helps you can go to to most bank web sits they have a home loan calcutator. Eg www.echoice.com.au |
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D G
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There needs to be more info given here. Are you looking at an interest only payment or one that includes the prinicpal too? The other things you need to consider are property taxes and insurance! Those need to be a part of your monthly payment. |
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Toadsputum
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about $629 a month give or take. You can find mortgage calculators online.
http://realestate.yahoo.com/calculators/payment.html?_submit=yes&id=det03&loanAmount=90000&interestRate=7.5&termMonths=360&amortization=1&submit=Submit |
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GVD
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$629.29 |
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Iloveshane
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around 630.. |
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Alabama
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Besides the mortgage, insurance and taxes will have to be added to the payment. That might add $200 or $300 more per month.
Your payments will probably be $850-$950/month. |
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