my home loan amount is $325,000.00 down payment 16250, interest rate 3.9%. Total mortgage per month including?
Written By: admin on October 10, 2009
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property tax and chmc insurance is 29. I want to know what the amount of interest is as well as the principle. Amortisation 35 years
The home insurance is 70 yearly, while the chmc insurance will be abourt per month. My question is for my monthly mortgage of 1529, how much is interest and how much is principle per month
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Tags: 35 years, fixed rate private student loan consolidation, home equity loan lowest rate, home insurance, insurance, mortgage, principle, property tax
Assuming that your loan is a 35 year self amortizing loan with a 3.9% fixed interest rate compounded monthly, you are looking at a monthly mortgage payment (principle and interest) of $1,419.59. The present value of your loan would be the $325,000 mortgage balance, the number of periods would be 420 (35 years times 12 months), the monthly interest rate 0.325% (3.9% / 12) and the future value of the loan zero. The monthly interest expense is $1,056.25 and the monthly principle reduction is $363.34
wow i wish i had gotten 3.9%. people are so lucky nowadays