how soon would my  mortgage be paid off if i add an extra $100 a month on 125,000.00 balance @5.25% 15yr loan?
85567
Use this calculator, http://www.dinkytown.com/java/MortgagePayoff.html\n\nThe site has all kinds of different financial calculators.
180976
The 30yr mortgage rate will probably not move until the end of April.At that time it looks like it will go up .05% . The sooner you lock in the better.
554511
That depends on if the bank you got your loan through will penalize you if you pay it off faster- sadly a lot of banks do that. Try calling the bank, explain you have a loan through them, and ask them if you can pay extra on your principle amount each month. If they say yes, then when you write your check for the payments, make sure to include an extra note which says, "Please apply any extra amount to my principle".\n\nIt also matters on how big your payments are- how much you can afford to pay per month.
267499
That really depends on several factors:\n\n1) How much of the loan amount\n2) Do you plan to stay in your home for long-term or short-term (investment property) or are you trying to rent it it has 2-4 units\n3) How much down-payment will you give and whether it is all yours or some borrowed or given to you as a gift\n4)If you make enough money per month\n\nRemember that to obtain an interest rate of 5.78% it depends on what state you are in too. If you are in LA interest rates are going up again. Those 5.78% are going to be harder to get.\n\nIf you have a job that pays more then $4,000 per month, you have had a job for more then 2 yrs that pays $4,000, and have a credit FICO score of more then 720 then your odds of getting that interest rate increase\n\nWORD TO THE WISE...if you get a loan officer to do your loan make sure he goes FULL-DOC if you have a salary job, make good money, and have lots of savings in the bank\n\ncheers
16707
Yes, go here and use one of the calculators offered...\n\nhttp://mortgages.interest.com/content/calculators/index.asp
1004855
I'd put 15% of your monthly income into the retirement fund monthly, and if you have any extra left over, then apply it to your mortgage to pay it off faster.
880662
I've got the first part.  I/rt = P\nSo, 93.08/(.065 times 1.33) = 1076.69 dollars\n.\nHere is the second one, I hope. I = Prt .\nSo, 56000times .12 times 1 = 6720\nNow divide 6720 by twelve to find the interest for each month.\nIt's 560 \nSubtract 560 from the monthly payment of 619.36 = 59.36. This is the amount coming off the principal. So after one month the principal is 56000- 59.36 = 55940.64\nHere is the third one.\nI = Prt\nSo 387000 times >147 times 15 = 853335 dollars to be paid back in 15 years. Divide that amount by 180 months(15 years) and you get a monthly payment of 4740.75\nI hope those folks have really good jobs. Ha
868593
Loan payoff is exactly that.  Typically, the payoff amount will include your current balance, any accrued interest since the last payment was made, and possibly some nominal recording or service fees, and also any shortages in your escrow account and unpaid late fees, if any.\n\nOn a typical mortgage, for example, if you had a balance of $200,000, you might have a payoff figure as high as $203,000 if you had 45 days of interest and some other charges.
50372
I would go with a 15 or 30 year fixed for now.  Even with the rise in short-term rates, the long-term mortgage rates have remained fairly low. ARMs on the other hand have climbed.
860805
the interest would be the same if you got the same interest rate, because the loan would be the same just divided. besides you would probably have to pay closing fees again, also new loan fees.\nif you want to pay your loan off faster increase your payment, most of the first 5 years of payment goes to interest, by increasing you payment by $5.00 a month you would pay off much faster. by paying  half you payment twice a month it would also pay off faster.\nI just noticed that you have an adjustable rate mortgage, historically mortgage companies raise the rates as fast as they are allowed to according to the contract, a fixed rate at a half percent more would be much safer, and you need to check to see if there is a prepayment penalty, that is pretty standard.
118528
You didnt say whether you wanted your initial investment back. That is (a) do you want to receive $1600 per month which includes interest and repayment of capital? Like an annuity. Or (b) do you want $1600 per month interest and then repayment of your investment capital at the end of 3 years? \n\nFor (a) you'd need $50,000 and for (b) $192,000\n\nAlso I have presumed by 10% you mean per annum rather than for the whole term.
139549
your rate is 2.25 plus the treasurey index at the time of your adjustment. (yearly, every six months, etc.) I am a mortgage broker if you need to refi email me, I can answer all your questions.
2800
I just asked myself this question a couple of months ago. I ran a spread sheet with a side by side comparison of my 6 1/2% 30 year mortgage versus an equal dollar amount invested at 5% for the same term. You would expect to save quite a bit paying off the debt but you actuality save by keeping the mortgage.
277163
It depends how long the rate stays fixed, and on the type of loan that you are talking, it is either differed interest, or an interest only and it could change in 1 month or 1 year.  It is pretty broad.\n\nCall me at (614) 825 1907 and we can talk more.\n\nTim Kazee
981490
depends on your interest rate...\n\nassuming 6%,your monthly payment would be $1708.72 if the loan began on the 1st of any given month.\n\nuse bankrates Loan Calculator at:\n\nhttp://www.bankrate.com/brm/popcalc2.asp
341023
Here is the equation:\n\nloan amt times the percentage rate.  Add that to the loan amount and divide by the number of months.\n\nexample:\n\n10000   + (10000 x 6%)=10600\n10600/60=176.666
996091
Hi I work for a mortgage bank people with good credit  700 and above going full doc (W2 etc.)  0 x30 ( no lates) on your mortgage  no bk  good clean credit you are in the range of 6.75 with no PMI or MI even over 80 ltv this is a 30 fixed mortgage with no buy downs (read GMAC & quicken fine print) If you have any other questions please email at johng@oldmerchants.com