What is the cost per thousand to borrow based on a 30 year loan? Or how much for each $100,000 in mortgage
Answers (2)
You would be looking at about $6.09 per thousand on a 30 year note.
Tony
Web Reference: http://www.azbesthomeloans.com
FIRST ANSWER
Hi Tazberry,
The answer depends the type of loan, interest rate, property taxes, PMI payment, home insurance and HOA fees. At today's average interest rates, the payment to the bank (principle and intrest only) will be about $500-$600/mo for every $100K financed.
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PAUL WELDEN
HomeSmart
480-241-0081
Buyer's Agent Realtor
Web Reference: http://CheapPhoenixHomes.com
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