How do you find out what your monthly mortgage note would be on a home?
tinnisk asked: Isnt there a formula or something.
Juanita
Tags: Find Mortgage, Mortgage Note
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on Saturday, May 23rd, 2009 at 11:41 pm and is filed under Mortgage.
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May 26th, 2009 at 4:34 pm
Pedro
Go to realtor.com. They have a mortgage calculator that can help you.
May 27th, 2009 at 5:31 am
Leslie
Use a amortization schedule.
May 27th, 2009 at 10:13 am
Eileen
May 29th, 2009 at 12:25 am
Loretta
There are a ton of websites that will calculate it for you. It’s going to be roughly 1% of the purchase price, on a 30 year fixed mortgage. IE, you buy a $100,000 home, monthly mortgage & escrow should be about $1,000.
May 30th, 2009 at 2:26 pm
Glen
alot of things depend on this, the real estate market and whether its high or low when you buy, i was once told the best time to buy/sell is jan. also your credit rating affects it greatly, my score is just below 650 and i have a 125000.00 loan for my mortgage and my payments are 950.00 a month at a 8 percent interest which is kinda high because my credit score was lower when i got the house last year, so once i get my score up to about 700 i will refinance the loan for cheaper morgage monthly pmts. good luck to you….
June 2nd, 2009 at 7:12 am
Ruby
They are called “Amortization Tables” and any Realtor can tell you what you want to know.
I have run across an online Amortization Table, but it was a long time ago… seems like it was on one of the national agency web sites, so you might try Century 21 and Caldwell Banker for a start.
June 4th, 2009 at 5:57 pm
Jonathan
use the =PMT() funtion in Excel to find the amortized mortgage payment and add 1/12 of the estimated annual taxes and insurance to get the PITI payment.
June 6th, 2009 at 12:37 pm
Jesus
Run a spreadsheet. Excel provides templates for this. You can fill in the sales prices of the house, the term of the mortgage, vary the percentages and see what scenarios you get. If you do not have Excel, or a spreadsheet program, I’m sure you can find someone who does.
Z-Best Bookkeeping, Manchester, NH
June 7th, 2009 at 3:42 am
Larry
Type: Ctrl +F
type: Mortgages and Home Finance
Press enter
June 10th, 2009 at 2:23 am
Terry
There are online amortizaion charts that can show you what your monthly payments can be. They are called mortgage calculators and can be found at Yahoo Finance. I’ve placed the link below.
June 10th, 2009 at 4:37 am
Denise
Go to Bankrate.com and use their mortage calculator.
Or you can visit my web site, there are 2 calculators there - good luck