Steve asked:


Is there anywhere online to help w/ finding out about mortgage and how big of a mortgage I can be approved for?

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Mr. Anderson asked:


Is there a standard and known method of how to calculate mortgage ?

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tygger asked:


I found this mortgage calculator provided by a home builder. This one not only includes Principle and Interest, it also appears to include Taxes and Insurance (although, not sure how accurate).

In the link, click up top on “How much can I afford” and select “Find out how much my monthly payment would be.” And select your state.

http://www.mihomes.com/

Please tell me if this is pretty accurate. It doesn’t add in PMI, instead it breaks it out to two mortgages, 80/20 maybe? But it doesnt tell you what the rate is on the second mortgage.

I’m just trying to figure some things out before I have my credit checked and speak to a loan officer.

Thanks

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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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markam132 asked:


i used to have a card from a realtor to do this but have lost it.if you are going to tell me to use a mortgage calculator don’t waste my time i know how to do this.how is the payment figured multiplying the loan amount by interest rate to give you the monthly payment?

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alison a asked:


Is there a formula that I could simply plug the numbers into that would give me the amount of the payment for $137,500 with a 5.25% interest rate for 30 years?

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avocaronico asked:


I’m looking for a decent mortgage calculator which factors in the mortgage deduction. Basically my goal is to be able to forecast my monthly payment as accurately as possible. Thanks!

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Hansi asked:


Where do I find and easy mortgage calculator? I would like to find out how much extra Principal a month I have to pay, to shorten my 30 year mortgage by 10 to 15 years, without refinancing / signing up for a new loan. Thanks a lot!!!

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Praveen Pradeep asked:


My parents are considering refinancing to a fixed rate mortgate. I need software that can take in the following info: quoted rate, initial fees including mortgate points, loan amount, loan period, tax deductions on mortgate interest. The software needs to output the following. Total payments minus tax break plotted against time.
If there is no such software, a webpage with step by step instructions to do the calculation would be helpful.

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neffykitty asked:


We’re about to close on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI.

If I plug the numbers into a mortgage payment calculator, the 1st mortgage payment is the same as the one on the TIL the lender provided. But the 2nd payment isn’t - the calculators all say it’s less than what the lender is saying.

Is there a different mortgage payment calculator for a 2nd?

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