Mortgage Payments

Mortgage Payments

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

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Accounting.

Mortgage interest rates are hanging low, but that could change quick!  If you’re renting and are tired of drowning in higher and higher rent payments for your tiny apartment, or if you’ve been planning to move to Vermont and make an investment in real estate, we recommend reviewing all your options and making an informed decision. When you purchase a home, you immediately obtain equity, or ownership interest. As long as you are consistent with your payments, you gain equity. By gaining equity, you possess the ability to spend your home equity! You can invest in home repair and remodeling, and once the value of your home to increases, make a profit flipping.  Here is the chart that shows monthly mortgage charges if you’re to procure a standard 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.

 

 

 

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