for example for a 400000 loan amount for 10 years for 5 percent interest rate .please help
2 Comment(s)
The monthly payment rate would depend on your annual cost for real estate taxes and insurance, as well as the appraised value of the home.
Since I don’t know where you are buying, or the cost of taxes and insurance in this area, a quick guesstimate would be something in the low $4000 range.
For a more accurate caculation, check out the amortized loan calculator under FINANCE at :
The monthly payment rate would depend on your annual cost for real estate taxes and insurance, as well as the appraised value of the home.
Since I don’t know where you are buying, or the cost of taxes and insurance in this area, a quick guesstimate would be something in the low $4000 range.
For a more accurate caculation, check out the amortized loan calculator under FINANCE at :
Good luck and best wishes.
venicefloridarealtor | Feb 23, 2010 | Reply
the payment principle and interest payment would be 4243.00 not including insurance and taxes
calculator below
crey r | Feb 26, 2010 | Reply