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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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How accurate is...
The mortgage calculator on MSLI?
I mean, in relation to real life costs? I am pretty sure we will get around a 6% interest rate- maybe even lower- but how realistic is a $2100 mortgage?
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Posted 11/14/06 4:38 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: How accurate is...
Eh. There are no taxes added on to that payment for starters. Also, the rate, which you noted.
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| Posted 11/14/06 5:01 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: How accurate is...
If you put in your down payment, the rate and the terms, then you will have the exact payment per month. then add in taxes and insurance costs.
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| Posted 11/14/06 5:18 PM |
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ny55angel
car seat tech & geek :-)
Member since 2/06 4346 total posts
Name:
P
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Re: How accurate is...
think of it this way. . . .at 6% you will repay $600 per month for every $100,000 you borrow.
Borrow $400K you will be paying $2400 per month. You have to add in taxes and insurance, but at least it gives you a rough estimate.
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| Posted 11/15/06 12:02 AM |
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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Re: How accurate is...
Ahhh... the taxes.
Shouls I add those in by simply dividing the tax amount by 12? Or are you paying some sort of an interest on them too?
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| Posted 11/16/06 9:11 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: How accurate is...
Posted by MrsNaunie
Ahhh... the taxes.
Shouls I add those in by simply dividing the tax amount by 12? Or are you paying some sort of an interest on them too?
yes, just take the taxes and divide by 12.
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| Posted 11/16/06 9:16 AM |
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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Re: How accurate is...
Sweet sweet simple math.
Thanks!
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| Posted 11/16/06 9:37 AM |
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