mortgage calculator help?
September 2, 2008 · Print This Article
sharkbait250 asked:
I am looking to move out ( within about 2 years) i am 17 and i just was wondering if there was a website that i could go to, to try and figure out how much it is all going to be. i want it to be as real as possible. i want to know about how much bills would be, mortgage etc… is there even such a website that would do this? ive tried searching for it but i cant find one. any help would be awesome.
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I am looking to move out ( within about 2 years) i am 17 and i just was wondering if there was a website that i could go to, to try and figure out how much it is all going to be. i want it to be as real as possible. i want to know about how much bills would be, mortgage etc… is there even such a website that would do this? ive tried searching for it but i cant find one. any help would be awesome.
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Josh Dunaway has been a certfied Realtor in the suburban Chicagoland area for over 20 years. Aside from starting his own real estate company, he also owns a mortgage company as well.
The word missing in the search was likely ” amortization ”
if you google search for a mortgage amortization calculator . . . there’s lots to choose from
Most bank websites, like WAMU.com, will have calculators that can calculate your mortgage payment. You can also go to real estate listings online, like realtor.com, and use their mortgage calculators. Though on average, with a 6.5% fixed APR 30 year mortgage, you can be expected to pay a little less than $500 a month per $100k you borrowed. So a $300k house might cost you $1500 a month. And a $50k home might cost you less than $250 a month. Of course that doesn’t include property taxes, home owners association dues (for condos, townhomes, etc.), property insurance, maintenance, etc. Check with the seller for those details.
Good luck on your search!
try any major bank web site and they will have a mortgage calculator
CNNmoney.com, just hit their financing calculators and you will have access to several methods, from mortgages, to credit cards, how to invest, etc. Hell they even have little classes going on the weekly basis.
Is good to hear that you are only 17 and already eager to learn about managing your money, just remember a little tip, if you are in the U.S. : we are a society that revolves around credit and if you have good credit you will have easier access to loans and financial tools that people with bad credit will not get, and most important you will save thousands in interest.
Good luck to you,
Good finance question! I know of an organization that gives up to $1500 to people to help them with their rent or mortgage. It’s available in most US cities, I highly suggest you check it out.
Best of Luck.
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