· Franklin is buying a house. He is putting a $20,000 down payment on the house, but has tooken out a mortage for the remaining $170,000 of the purchase price. Franklin’s bank has offered him a standard 30-year mortage with a 5.9% simple interest rate. What would Franklin’s monthly mortage payment be? A. 912.60 B. 965.24 C. 1,008.33 D. 954.60 E. 933.49
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NEW YORK, Sept. 22, 2016 /PRNewswire/ — mortgage rates moved modestly lower this week, with the benchmark 30-year fixed mortgage rate slipping to 3.62 percent, according to Bankrate.com’s weekly.
That represents a decline of $4.04 over what it would have been last week. You can use Bankrate’s mortgage calculator to get.
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Use our free mortgage calculator to quickly estimate what your new home will cost. Includes taxes, insurance, PMI and the latest mortgage rates.
Calculate your monthly mortgage payment with Bankrate’s free mortgage calculator. the internet is full of amortization schedule calculators that will do the math for you. As long as you know the amount, interest rate and length of your loan, the calculator will do the rest.
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1 Million Dollar Business Loan The payment will depend on the interest rate charged on the loan. As an example, a monthly repayment on a 1.5million dollar loan, negotiated over 30 years at 7% interest would be $9,979 each month.
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That’s a decline of $0.58 from last week. You can use Bankrate’s mortgage calculator to estimate your monthly payments and.