Mortgage Plan Gives Billions to Homeowners, but With Exceptions
Mortgage Plan Gives Billions to Homeowners, but With Exceptions
As state and federal authorities announced the details of their $ 26 billion mortgage settlement with big banks on Thursday, millions of American homeowners were hoping that this time they would finally get relief. Some, like Jessica Cooper of Toledo, .......
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Answer by Min
depends on your interest rate lets say you did a 30 year 5% fixed 1825.19 would be your monthly http://public.propertylinx.com/custom/templates/mortgage_calculator.asp?price=350000 here's a calculator.. toss around your own numbers.
Answer by Jamestheflame
That depends on your interest rate, insurance, tax, term of the loan and the cost of mortgage insurance (which you will need with so small a down payment).
Answer by hrh_gracee
On a 340,000 mortgage loan (350,000 purchase price with 10,000 down) and an interest rate of 6.25% your estimated monthly payment would be: $ 2,093.44. That is assuming the 10,000 down was only the down payment and that you have extra $ $ $ for closing costs. While this would include interest, this does NOT include taxes, homeowners insurance, or PMI (private mortgage insurance) which you undoubtedly will have on a mortgage above an 80% loan to value ratio. Good luck.
President Barack Obama says a billion settlement between mortgage lenders and states over foreclosure abuses "will begin to turn the page on an era of recklessness that has left so much damage in its wake." (Feb. 9)
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