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regarding payments

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Icon Mini Profile carro278





Joined: 08 Dec 2008

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Post Posted: Mon Dec 08, 2008 2:14 pm    Post subject: regarding payments
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assuming you have a loan amont left of 160982.31 in jan. 2007 and im not sure what the rates are then what do you think the payments would be on this loan amount about doesnt have to be exact please advise.
thank you

betty
Icon Mini Profile parmoney





Joined: 05 Dec 2008

Posts: 37

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Post Posted: Mon Dec 08, 2008 4:38 pm    Post subject: details are needed
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term, simple interest rate, original loan amount, fixed or adjustable, original date of recording?

any special payment features?
Icon Mini Profile elnoralittle
elnora.little
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Joined: 01 Oct 2008

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Location: Maryland
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Post Posted: Mon Dec 08, 2008 6:46 pm    Post subject:
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based on $16300 loan amount, almost perfect credit, and an 80% ltv, no points, conventional fixed rate at 5.75%, the Principle and Interest payment would be $951.22, then add your monthly taxes and insurance to that to get your full monthly payment.

Other than that, your email was a bit vague. Mortgage fit has a mortgage calculator if you want to fiddle with the payments a bit.

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Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Dec 08, 2008 10:17 pm    Post subject:
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Hi carro!

Welcome to forums!

You can use the below mentioned calculator to calculate the amount you need to pay monthly:
http://www.mortgagefit.com/calculators/monthly-payment.html

However, you will have to mention the interest rate and debt pay off period.

Feel free to ask if you have further queries.

Sussane
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