mortgage simple definition: How To Calculate A Mortgage Payment?

How To Calculate A Mortgage Payment?

How To Calculate A Mortgage Payment?. When You Can Close & Your First Mortgage Payment (12 of 25)

How To Calculate A Mortgage Payment? video duration 1 Minute(s) 23 Second(s), published by Tony Anczer on 22 07 2019 - 18:05:50.

Here's a great rule of thumb on how to calculate how much a mortgage payment will be
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Here's a great rule of thumb on how to calculate how much a mortgage payment will be.

Tony Anczer, Cell/text: 708-646-7545
RE/MAX Synergy
IN: 219-304-8000
IL: 708-608-3000
email: Tony@Anczer.com

The rule of thumb is that a mortgage payment will be $600 for every $100,000 of purchase price

Examples:
For a $100,000 home, the payment would be about $600
For a $200,000 home, the payment would be about $1,200
For a $300,000 home, the payment would be about $1,800
For a $500,000 home, the payment would be about $3,000
For a $1,000,000 home, the payment would be about $6,000
For a $1,500,000 home, the payment would be about $9,000