How much mortgage refinance?

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I am looking for someone for a mortgage calculator (not one of those online, calculate monthly payments) a. My parents are refinancing their home, and they have a 10-year bond at 4.25% would suggest a monthly payment of around 618.00 to have. There was a problem with that, the loan for 68k, but when I put the numbers on a calculator online mortgage, she said the monthly payments would almost 700.00 per month. I used to be a loan officer and had a mortgage calculator that could calculate, but no more. So what I need someone to tell me what were the figures quoted my parents know how much the loan is for? Apparently, it is a fixed rate mortgage to. Thank you in advance for your Hilfe.Hoppla, that was a typo. 4.625% 4.25 should not

2 Comments
  1. Reply
    rtfm
    January 21, 2011 at 3:55 pm

    A loan of $ 60,330 at 4.25 percent for 10 years would generate a monthly payment of $ 618.

  2. Reply
    MadMan
    January 21, 2011 at 4:50 pm

    Approx. $ 60K produces a $ 618 per month payment.

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