From: acg_acg@hotmail.com (FrankBooth)
Newsgroups: misc.invest.real-estate
Subject: First time buyer and mortgage calc question...
Date: 9 May 2004 13:13:25 -0700
I'm interested in buying my first home. I've used these online
mortgage calculators but they don't seem to take into account other
items that might be included in a loan. For example, the tax.
I'd like to know what the bottom line will be with regard to my
monthly mortgage payment, based on the purchase price of a home.
So for example, if the price is $170,000, then what would I expect to
pay based on a 0.00 downpayment, good credit, a 6.5% rate, a $1500 tax
bill rolled into the payment and anything that I may be missing here?
I realize this may be a vague question, but since I'm a first timer,
I'm not sure.
Perhaps if someone can point me to a good mortgage calc on the web
that takes these variables into account, that would be helpful.
Thanks in advance for your help.
--FB
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