Financing in North Andover>Question Details

Mike, Real Estate Pro in 01845

if i take a 15 year mortgae for 130000 taxes are 3600 how much will my mortgage be and insurance

Asked by Mike, 01845 Sun Jul 24, 2011

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4
Here is a mortgage calculator that may be of help

http://www.mortgagecalculator.org/
Web Reference: http://www.LouisWolfson.net
0 votes Thank Flag Link Sun Jul 24, 2011
Assuming a $130,000 loan amount at a 4% rate for 15-years, the principal & interest payment would be $961.59. You said the property taxes are $3,600/year, or $300/mo, and your insurance probably will be in the neighborhood of $600/year (based on a recent purchase in Salem, MA I did), or $50/mo.

$961.59 +
$300.00 +
$50.00 =

Total of $1,311.59/mo.
0 votes Thank Flag Link Sun Jul 24, 2011
Depends on interest rate, loan program, down payment, hazard insurance, mortgage insurance(if required), HOA(if any). Mortgage calculators are fine for a general idea but the best thing you can do is to talk to a lender that can show you all of your options in writing.
0 votes Thank Flag Link Sun Jul 24, 2011
Mike simply go to Realtor.com and use their mortgage calculator using whatever interest rate they quoted you, it is quite easy
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sun Jul 24, 2011
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