FAQ Property Listings Locate an Agent Financing Your Home Contact Us  

Real Estate HQ: Your First and Best Resource for Finding a Home.

How much am I really paying on my mortgage or loan?

    Sit down. The amount that you actually pay on your mortgage or loan may shock you! You may already know the awesome power of compound interest,  but let’s look at an example.

A $100,000 Home Loan… What does it really cost you?

Principal + Interest = ?

Amount borrowed: $100,000
Interest rate: 8.5%
Term of loan: 30 years
Monthly payment: $768.92
Total of payments: $276,811.20

Next


[ All About Mortgages ] [ Request Finacial Information ] [ Find A Lender Near You! ] [ Amortization Calculator ] [ Calculators ] [ Recommend a loan ] [ Get Pre-Qualified ] [ Get Pre-Approved ] [ Search For Rates ] [ Mortgage Glossary ] [ E-Track ] [ Privacy Statement ] [ Understanding the loan process ]

[ Back ] [ Up ] [ Next ]

 

Real Estate HQ: Your First and Best Resource for Finding a Home.

Contact Us | Company Info | Privacy Statement