Friday, July 8, 2011

When you add a mortgage payment and the interest on a house, is it normal for that number to be more than the?

Out of interest, I did a quick mortgage calculation with an online mortgage calculator. My specifications were as follows - Home Value: $ 285,000 Loan amount:$ 200,000 Interest rate:5% Loan term:30 years Property tax:1.25% PMI:0.5% I only adjusted the home value and loan value, since I have no idea what the ‘going rate’ is for [...] http://bit.ly/nEAYTJ

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