Average Monthly Mortgage Payment For 150 000

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WHat would be a average mortgage payment on a 150,000 dollar home?. Taxes and insurance would add another $100-150, maybe more depending on variables of the home and area. That’s not figuring in a down payment, so you’d add another hundred or so on for PMI.. What is the average monthly.

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What is the average monthly mortgage payment for a $150,000 house? The kgb agent answer: Not Financial Advice: Your mortgage monthly payment depends on the amortization period and the current interest rate. At 4% interest rate, your monthly repayment for a $150,000 mortgage, payable in 15 years is $1109.53.

The ideal mortgage amount is $1,000,000 if you can afford it. Back in 2002, a $1 million mortgage cost around $50,000 to $65,000 a year in interest expense given mortgage rates were 5%-6.5% for a 5/1 ARM or a 30-year fixed. Multiply the annual interest expense by three, and you get $150,000-$195,000.

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This calculator determines the monthly payment of a loan or mortgage based on an interest rate and length. It also calculates the total interest and total amount paid over the entire term of the loan. Subtract your down payment from the purchase price to obtain the principal amount for the loan.

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