Talk of The Villages Florida - View Single Post - Latest Mortgage Rate?
Thread: Latest Mortgage Rate?
View Single Post
 
Old 12-07-2009, 09:58 PM
twalker919 twalker919 is offline
Member
Join Date: Oct 2008
Posts: 44
Thanks: 0
Thanked 0 Times in 0 Posts
Default
Quote:
Originally Posted by twalker919 View Post
The monthly payment for a 30 year $100,00 loan for interest rates of 4.8% and 5.5% are $524.67 and $567.79, respectively as shown below. If the loan is $150,000, the monthly payment would be the product of 1.5 and the monthly payments as shown below.



Principal Interest Rate Monthly Payment
$100,000 4.80% $524.67
$100,000 5.50% $567.79
If you have any questions, please send me a private reply.