We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI.
If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same as the one on the TIL the lender provided. But the 2nd payment isn’t – the calculators all say it’s less than what the lender is saying.
Is there a different mortgage payment calculator for a 2nd?
I bought a house in December 2005. The home is secured by a $ 200,000 mortgage. The mortgage note started accuring 6% interest back in Dec. 2005; however, I don’t make payments until Jan 2010. After Jan. 2010 payments must be made monthly for 15 years. What will my payments be?
I know it depends on SO many different things, but I just need a rough estimate for someone with good credit. I remember a real estate agent told me that for every $ 100,000 that a house costs, you can assume the monthly payment will be [insert number I can't remember here] with a 30 [...]
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