What would be a mortgage payment for a place that costs around 100k?
March 12th, 2010 | 
Author: I аm looking аt townhouses аnd condos. Wondering whаt thе approximate cost per month wουld bе fοr a finance fοr a рlасе thаt expenditure 100K wіth a credit score οf 715?
Posted in Mortgage FAQ
It would depend on how much you place down..if you know that though yahoo real estate has a nice small calculator.
One way to look at this is to determine how much principal and interest per month you would pay for a 30 year fixed rate loan.
Figure this on a per $100,000 loan amount.
If you get a finance at 5% per year for a 30 year fixed rate loan, the principal and interest payments would be: $536.82 per month.
The interest amount per month is: $416.67 per month.
The balance of the monthly payment is principal or $119.85 per month to start out.
As you make your payments the Principal amount of the payment will go to reduce the amount of your principal.
As the amount of your principal declines, the amount of your payment that is for interest declines and the amount of your payment that goes toward principal reduction increases.
depends on int rate and term of loan – tons of free finance calculators on teh internet