Thursday, August 19, 2010

Mortgages? What is the simplest way of working out how much a month?

Me %26amp; my boyfriend are thinking about buying a place together and i want to know the simplest way of working out how to calculate a mortgage basically to see how much we'd be paying each month.Mortgages? What is the simplest way of working out how much a month?
My girlfriend and I bought a flat a year ago, and was in the same boat as you. You will find many websites that gives you mortgages also have a calculator on them.


I just did a search and found the following site


http://www.mortgages.co.uk/calculator/mortgage_calculator.html





Good luck!Mortgages? What is the simplest way of working out how much a month?
Use this free calculator tool from the BBC:


http://www.bbc.co.uk/homes/property/mort鈥?/a>
www.realtor.com has a mortgage calculator you can use.


Be careful buying a home with your boyfriend, I see this all the time and 9 out of 10 it ends in a disaster. I know you say that this will not happen to you, but just be careful.


Best of luck,


RE Agent,


Remax
Search ';mortgage calculators'; on the Internet and you will find dozens. You need to know the price of the home, down payment and interest rate. It will give the payment (but not taxes and insurance).
Fine out the amount. 拢100,000


How many years 25 years


Interest 19%


Total amount 拢119,000





拢119,000 divided by (25 years x 12 months)





That is the monthly payment.





But go and see the bank and they will tell you

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