If I have a fixed loan for $195,000 @ 6.9% for 30 years, how much would my mortgage be a month?

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Can someone help me please? Thanks guys!!!!!!
PS. I live in Orlando, Florida

FFIEC HMDA (SuDoc FR 1.63/9:OR 5/)

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3 Comments
  1. Reply
    AllCourt
    February 14, 2011 at 10:33 pm

    Your mortgage (Principal and Interest) payment would be $ 1284.27 per month. That does not include any escrows for taxes and insurance.

  2. Reply
    Kim
    February 14, 2011 at 10:56 pm

    Also you can go to bankrate.com or bestrate.com, any other online mortgage calculator to put in any amount to find out what your payment will be or how much you can afford.
    🙂

  3. Reply
    Your #1 fan
    February 14, 2011 at 11:06 pm

    About $ 1300 a month. Add in your taxes and insurance to your payment. I would also add $ 100 more every month to your mortgage since you don’t really start paying down the principal for several years in any substantial way. If after 5-6 years you are earning more money, and the interest rates are low then refinance for 15 years.

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