eyeball, I'd shop for mortgage rates..have you or the person looking for the mortgage been pre approved yet
No, but the person that would be making the purchase has a lot of money and property so I don't think that will be a problem. I was just doing some basic figures to see how much they'll make monthly.
then here comes a dumb question, why dont they put more money down
I don't know, I thought $100k was about right? I'm just a getbig twink with no money driving a rusted out 1965 Austin Mini. How should I know anything.
lmao, but your a cool twink if that matters
go to bankrate.com they have great mortgage calculators.
At 5 % for 30 years on 700,000Its $3757.00 a monthTotal payback is 1,352,790.00Not sure what taxes and insurance would be on top of that......
It depends on the rate he/she gets, as well as the term. Also if they are buying any points toward the loan and if any costs are getting rolled into the amount.