For example, if your house was $375,000 – how do you estimate what your monthly payment would be? Or for any amount??
Home Loans – How Do You Estimate How Much Your Monthly Pmt Would Be?
Refinancing Loan
How to refinance loans
For example, if your house was $375,000 – how do you estimate what your monthly payment would be? Or for any amount??
First you have to estimate your interest rate. That will be determined by your amount of equity in the home, your credit, and the type of mortgage you select.
Once you have that you just plug it into any of a hundred on line calculators to get your payment. There’s one of those here:>
Hi
There are many sites on the net that provide free mortgage and amortization calculators. Here are a group that will help you assess buy vs. rent and if you buy how much your monthly cost will be. Go to the Freddie Mac site at:>
Every possible loan payment estimate scenario can be found on this mortgage calculator page,>
$3750 – in the absence of more formalized and accurate methods (as outlined in the previous posting), one general rule has been that the monthly payment or rental income required to support a buy is one percent of the cost – the exact amount changing based upon whether it does or does not include taxes and insurance and the going interest rates.
you need to know int rate and length of mortgage, then google “mortgage calculator” – there are lots of then on the internet