My wife and I have great credit (730), we are looking for a loan for a primary residence, $409,000. We want to come to the table with 0 down, no money out of pocket. What type of loan is best for us? We can afford about $2500/monthly. Any assistance would be great. Online mortgage calculators [...]
Category Archives: mortgage calculators
Buying a home for the first time…what type of mortgage is the best for us?
Is there anything wrong with getting a 30 year mortgage when I expect to sell my place within 7 years?
Thanks everyone for pointing me toward the mortgage calculator. Follow up question, if you don’t mind. I calc’ed a 15 year mortg and a 30 year mortg and obviously I like the monthly payments on the 30 better! I have my eye on a property that I would expect to appreciate in 5 years. Is [...]
How are monthly mortgage payments calculated?
I ask because i have just used a mortgage calculator online and they have worked out this: To borrow £100,000.00 over a term of 15 years at a monthly calculated interest rate of 4.89% gives: Repayment Mortgage Monthly Repayment £785.08 and Interest Only Monthly Repayment £407.50 Thanks for any help. You will probably be not [...]
Who comes up with mortgage calculators?
I’m a single mother who has not debt a credit rating of 783 and pay 1415 in rent & that is just rent that doesn’t include water, power, trash, phone, cable or anything else. Through those in and it’s closer to $1800.I have no debt not even a car payment. I make sadly only about [...]
mortgage calculators for mobile/modular homes?
need ammortization table http://www.nnnstore.com/mortgagecalculator.php Getting a loan for a mobile home can be a little more restrictive. Most notably, banks like to see 5% down, if not 10% down. Other than than, mobile homes are a little more expensive to finance by about .25 – .5%. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-calculators%2Fmortgage-calculators-for-mobilemodular-homes’; addthis_title = ‘mortgage+calculators+for+mobile%2Fmodular+homes%3F’; addthis_pub = ”;
How much money would I save, paying cash as opposed to mortgage?
$90.000.00 at 6.25% fixed rate for 30 years (not including taxes, fees, etc.) I went to an online mortgage calculator and keep coming up with over 100K savings! Is this correct? I do have the cash and signed the papers. People think I am nuts for paying cash, but I look at them thinking who [...]
How could I work out my monthly mortgage payments if I only had a pen and paper?
I know I could use a simple mortgage calculator, but I am curious to know how my mortgage payment is arrived at. Is it cumulative interest plus principal divided by years and months. Please could you supply a detailed example as I not too hot with maths. For example a £100000 mortgage at 5% over [...]
it seems that online mortgage payment calculators for determining monthly payments don’t take everything…?
into consideration. Is there a ball park number you could add to this as a guess for what you’d actually be paying a month? i.e. with insurance and etc. Like $400-$500? or does it vary that greatly with location? Taxes and insurance will vary based on home size and value, and where you live. Where [...]
Mortgage Broker or Mathematician please help?
I am looking for the formula / method to use to calculate percentile returns over a given period of time – e.g. if a £100 000 investment had a 10% growth PA, how do you work out its value in a given number of years without doing the sum year by year? Online mortgage calculators [...]
Do you figure mortgage payments for a 2nd mortgage the same as for a 1st mortgage?
We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI. If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same as the one on the TIL the lender provided. But the [...]