Posted on: 09th Jan, 2008 09:44 pm
if i borrowed the amount of 90.000 dollors how much ius my monthly payment of 7.5%
Is it a fixed rate loan?
Hi Lynmer,
Welcome to the forums.
If you have taken a fixed rate mortgage (FRM) of $90,000 at 7.5%, then using the FRM Calculator, the monthly payment comes out to be $1068.32 (considering that the time priod for the loan repayment is 10 years). You can use the exact loan period and check out the payments by using the FRM calculator. You'' also be able to get and amortization schedule along with it.
Take Care
Welcome to the forums.
If you have taken a fixed rate mortgage (FRM) of $90,000 at 7.5%, then using the FRM Calculator, the monthly payment comes out to be $1068.32 (considering that the time priod for the loan repayment is 10 years). You can use the exact loan period and check out the payments by using the FRM calculator. You'' also be able to get and amortization schedule along with it.
Take Care
Why such a high rate? Is this what you have currently or being quoted for a new mortgage?