Estimating An Affordable Mortgage and Monthly Payment

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• Affordable Mortgage And Purchase Price

  Hence, the affordable monthly mortgage payment including interest payment is 2140.

• Affordable Mortgage, Loans, and Purchase Price

  A lender is offering 30-year variable rate loans with an initial interest rate of 8% given a 20% down payment and closing costs equal to $1,000 plus 3 points.

• Personal Finance

  Estimate the affordable mortgage and the affordable purchase price for the Bergholts. 20% down payment means 20% X $280,000 = $56,000, and $5,400 closing costs sums up to $61,400 Given that they have about $60,000 right now, this is pretty much enough

• Bergholts Planning a home purchase

  Given the above, the affordable monthly mortgage payment for Kim and Dan Bergholt is about $2,100 which is comprised of $800 for the principal and $1,313 for the interest.

• Important information about personal finance

  Deduct the monthly taxes and insurance cost from both figures at in Step 3. The result is the monthly payment on principal and interest affordable to pay on a mortgage.

• Personal Finance - Kim and Dan Bergholt are both government workers

  The result is the monthly payment on principal and interest affordable to pay on a mortgage.

• Rent or to purchase the home

  Before making a purchase offer and applying for this loan, they would like to have some idea whether they might qualify. Estimate the affordable mortgage and the affordable purchase price for the Bergholts.

• Affordable Mortgage Rates and Purchase Prices

  a 20% down payment and closing costs equals to $1,000 plus 3 points before making the purchase offer and applying for the loan they need to know if they qualify 1) estimate the the affordable mortgage and purchase price and if they qualify what

• Estimate the affordable mortgage and the affordable purchase price for the Bergholts

  Before making a purchase offer and applying for this loan, they would like to have some idea whether they might qualify. - Estimate the affordable mortgage and the affordable purchase price for the Bergholts.