vortexyoga Posts: 2, Reputation: 1 New Member #1 Jul 15, 2009, 07:27 PM
Mortgage interest payment monthly
I would like to find out how much the interest charge would be on a mortgage of 350,00.00 by the month on 30 year fixed.
 vortexyoga Posts: 2, Reputation: 1 New Member #2 Jul 15, 2009, 07:30 PM

How much would th interest be on a 350,00.00
At the rate of5.125 by the month.
 simoneaugie Posts: 2,490, Reputation: 438 Ultra Member #3 Jul 15, 2009, 07:55 PM

Is that 35,000 or 350,000?
 Dont treadonme Posts: 115, Reputation: -6 Junior Member #4 Aug 3, 2009, 09:30 AM

Depends on your credit sore, interest rate, and a variety of other factors you are ignoring
 JudyKayTee Posts: 46,503, Reputation: 4600 Uber Member #5 Aug 3, 2009, 09:52 AM
depends on your credit sore, interest rate, and a variety of other factors you are ignoring

The question is "How much would th interest be on a 350,00.00 at the rate of 5.125 by the month."

There are no factors which matter. OP already has an interest rate and amount.
 jjwoodhull Posts: 1,378, Reputation: 239 Ultra Member #6 Aug 3, 2009, 09:59 AM
If you have a 30 year mortgage for \$350,000.00 at 5.125%, the interest paid over 30 years will be \$336,053.58.
 lessaul Posts: 20, Reputation: 2 New Member #7 Aug 4, 2009, 12:53 PM
Making some rather large assumptions, based on a 5.250% rate, the monthly I/O payment would be \$1,531.25 for a \$350,000 loan amount. This is only the monthly I/O payment and does not include impounds for taxes and/or insurances. Note; most I/O products are not full 30 year term loans, otherwise you'd still owe the same amount financed after 30 years. Typically I/O loans have a 3,5,7, or 10 year I/O period and then they modify to a P/I or PITI monthly payment.

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