Posted on: 02nd Sep, 2006 09:39 am
would a 80/20 loan mean it would have a high payment for example a 170,000 house with a 7% 1st loan and a 10.75% second around how much would the payment be?
Hi,
The payments might be on a higher side but you do not have to pay any down payment.
This is what makes them more attractive.
The payments might be on a higher side but you do not have to pay any down payment.
This is what makes them more attractive.
Hi Guest,
You can calculate the payments using the FRM calculator (if it is fixed rate loan) in this site. I have used it earlier and got good results; it helped me keep aside good money for future payments.
Just enter your principal, rate and loan term in the FRM calculator, http://www.mortgagefit.com/calculators/simple.html .
You can calculate the payments using the FRM calculator (if it is fixed rate loan) in this site. I have used it earlier and got good results; it helped me keep aside good money for future payments.
Just enter your principal, rate and loan term in the FRM calculator, http://www.mortgagefit.com/calculators/simple.html .