Equity Home Loans

mortgage??

if i buy a home of $350,000 detached / semidetached and 10,000 down payment then how much mortgage will i have to pay every month???? thanks for the answers :) well if not 10,000 then wat abt 20 or 25 ?

Public Comments

1. depends on your interest rate lets say you did a 30 year 5% fixed 1825.19 would be your monthly http://public.propertylinx.com/custom/templates/mortgage_calculator.asp?price=350000 here's a calculator.. toss around your own numbers.
2. That depends on your interest rate, insurance, tax, term of the loan and the cost of mortgage insurance (which you will need with so small a down payment).
3. On a 340,000 mortgage loan (350,000 purchase price with 10,000 down) and an interest rate of 6.25% your estimated monthly payment would be: $2,093.44. That is assuming the 10,000 down was only the down payment and that you have extra $$$ for closing costs. While this would include interest, this does NOT include taxes, homeowners insurance, or PMI (private mortgage insurance) which you undoubtedly will have on a mortgage above an 80% loan to value ratio. Good luck.
4. if you have an OK credit, about 2700 with prop. tax and ins.
5. It depends on the interest rate and whether you take out a 15 or a 30 year mortgage with an adjustable or a locked in rate.
6. Im a mortgage banker of 13 years... You will be aroung the $1800 mark before taxes and insurance.. Do you have someone to help with financing? You may be able to get a lower payment if you can put more then the $10k down on the property.. The more you put down, the better rate you qualify for.. If you need assistance with a mortgage loan, feel free to give me a call.. I work with Providential Bancorp, and we serve most of the US.. Call or email me at any time! Jason Fry Providential Bancorp jasonf@providential.com 312-264-6448