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Mortgage Payments

Mortgage Payments

Most interest rates are under 5% for a 30 year loan.

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Accounting.

Mortgage payments are hanging low, but that’s changing really quick!  Now’s the time to decide whether you desire to continuously throw your money into rent for an apartment or whether you’d rather make a solid investment in real estate. We recommend reviewing all your options and making an informed decision on which avenue you want your finances to go. When you purchase a home, you immediately receive equity, which is your ownership interest. As long as you are consistent with your payments, your equity increases and you gain more ownership interest. By the completion of your payment, as long as there are no complications along the way, you will 100% own your home! Here is the chart that shows monthly mortgage charges if you’re to procure a 30-year loan with a bank or mortgage company.

$ Amount of Loan 3.5% 3.75% 4.0% 4.5% 4.75% 5.0%
80000 $359.24 $370.48 $381.93 $405.31 $417.32 $429.46
100000 $449.04 $463.12 $477.42 $506.69 $521.65 $536.82
120000 $538.85 $555.74 $572.90 $608.03 $625.98 $644.18
140000 $628.66 $648.36 $668.38 $709.37 $730.31 $751.55
160000 $718.47 $740.98 $763.86 $810.70 $834.64 $858.91
180000 $808.28 $833.61 $859.35 $912.04 $938.97 $966.28
200000 $898.09 $926.23 $954.83 $1013.38 $1043.30 $1073.64
220000 $987.90 $1018.85 $1050.31 $1114.72 $1147.63 $1181.04
240000 $1077.71 $1111.48 $1145.80 $1216.06 $1251.96 $1288.37
260000 $1167.52 $1204.10 $1241.28 $1317.39 $1356.29 $1395.73
280000 $1257.33 $1296.72 $1336.76 $1418.73 $1460.62 $1503.10
300000 $1347.13 $1389.35 $1432.25 $1520.07 $1564.95 $1610.46
350000 $1571.66 $1620.90 $1670.95 $1773.40 $1825.77 $1878.88
400000 $1796.18 $1852.46 $1909.66 $226.74 $2086.59 $2147.29
450000 $2020.70 $2084.02 $2148.37 $2280.08 $2347.41 $2415.70
500000 $2245.22 $2315.58 $2387.08 $2533.43 $2608.24 $2684.11
750000 $3367.84 $3473.37 $3580.61 $3800.14 $3912.36 $4026.16
1000000 $4490.45 $4631.16 $4774.15 $5066.85 $5216.47 $5368.22

Please consult a mortgage broker for more precise info with regard to your particular circumstances. Here is a list of some lenders in our local Vermont area.