Miami real estate news and information

Monthly Mortgage Payment Calculations

Here’s a general idea of what your mortgage payments would be with a 30-year fixed-rate loan, 20% down payment and an interest rate of 4%:

  Mortgage amount             Monthly Payment

    $100,000                                 $477

    $150,000                                 $ 716

    $200,000                                 $955

    $250,000                                 $1,193

    $300,000                                 $1,432

     $400,000                                $1,1910

     $500,000                                $2,387

     $600,000                                $2,865

     $750,000                                $3,581

     $1,000,000                            $4,774

*Note that your interest rate depends on the specifics of your loan package and the payment amounts do not include homeowner’s insurance or property taxes.    

Contact the Restivo Team – we will put you in touch with loan officers and help you find the home for you.

To receive my blog posts directly to your inbox, click here to subscribe.