What would a house payment be on 170 000?
What would a house payment be on 170 000?
Assuming you have a 20% down payment ($34,000), your total mortgage on a $170,000 home would be $136,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $611 monthly payment.
Which type of mortgage is for older home owners?
In order to help senior citizens who own a home but do not want to sell them, and yet, supplement their regular cash flow, the government of India has introduced the ‘Reverse Mortgage Scheme, 2008’. It helps the elderly to tap into the value of their residential property while living in the house during their lifetime.
Can an 85 year old get a 30-year mortgage?
Can you get a 30-year home loan as a senior? First, if you have the means, no age is too old to buy or refinance a house. The Equal Credit Opportunity Act prohibits lenders from blocking or discouraging anyone from a mortgage based on age.
How much is a 200000 mortgage?
For a $200,000, 30-year mortgage with a 4% interest rate, you’d pay around $954 per month. But the exact costs of your mortgage will depend on its length and the rate you get….Monthly payments for a $200,000 mortgage.
| Interest rate | Monthly payment (15 year) | Monthly payment (30 year) |
|---|---|---|
| 5.00% | $1,581.59 | $1,073.64 |
What can I do with a$ 120, 000 mortgage?
Monthly Payments Calculator What’s the monthly payment? Use the loan payment schedule below to view payments each month based on a fixed rate $120k loan. It can be used for a house, car, boat, credit card debt consolidation, student loan debt, motorcycle, RV, race horse, exotic pet, business, real estate, etc…
Are there interest only mortgages for over 65s?
For example, the Family building society offers mortgages to the over-65s with a maximum term (at 65) of 20 years on an interest-only basis but 30 years with a repayment mortgage. With the mortgages from Aldermore that are aimed at borrowers aged 55 to 85 (at the time of application), repayments can be extended up to the age of 99.
How much can you borrow on interest only mortgage?
In both cases, the most you can borrow is 60% of the value of your home if you go for interest-only but 75% with a repayment mortgage.
Is it possible to walk away from a mortgage?
More people have fallen behind with their mortgage payments. With declining home prices and interest-only mortgages, more families owe more on their mortgages than their home is worth. Financially, it could make sense, at least in the short term, to walk away.
How much is a mortgage on a 175, 000 house?
How much would the mortgage payment be on a $175K house? Assuming you have a 20% down payment ($35,000), your total mortgage on a $175,000 home would be $140,000 . For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $629 monthly payment.
What’s the interest rate on a$ 170, 000 house?
How much would the mortgage payment be on a $170K house? Assuming you have a 20% down payment ($34,000), your total mortgage on a $170,000 home would be $136,000 . For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $611 monthly payment.
How to calculate monthly mortgage payments for 30 years?
$175,000 Mortgage Loans for 30 years. Monthly Payments Calculator This calculates the monthly payment of a $175k mortgage based on the amount of the loan, interest rate, and the loan length. It assumes a fixed rate mortgage, rather than variable, balloon, or ARM. Subtract your down payment to find the loan amount.
What can you do with a mortgage calculator?
The calculator can be used to calculate the payment for any type of loan, such as real estate, auto and car, motorcycle, a house, debt consolidation, credit card debt consolidation, student loans, or business. Also remember to consider other home costs like insurance, taxes, PMI, and general maintenance costs.