## What would the mortgage payment be on 75000?

Rick Bormin, Personal Loans Moderator The monthly payment on a \$75,000 loan ranges from \$1,025 to \$7,535, depending on the APR and how long the loan lasts. For example, if you take out a \$75,000 loan for one year with an APR of 36%, your monthly payment will be \$7,535.

### What is the monthly payment on a 750000 house?

Monthly payments on a \$750,000 mortgage At a 4% fixed interest rate, your monthly mortgage payment on a 30-year mortgage might total \$3,580.61 a month, while a 15-year might cost \$5,547.66 a month.

#### How much should I put down on a 70000 house?

Let’s look at a \$70,000 house with a 5% down payment. This means you will borrow \$66,500 from the lender, add \$3,500 of your own money, and give the \$70,000 to the seller. Because a down payment does not include closing costs or cash-to-close, you will also need to have other money at the time of closing.

How do I calculate monthly mortgage payments?

If you want to do the monthly mortgage payment calculation by hand, you’ll need the monthly interest rate — just divide the annual interest rate by 12 (the number of months in a year). For example, if the annual interest rate is 4%, the monthly interest rate would be 0.33% (0.04/12 = 0.0033).

How much do I need to make to afford a 750000 house?

If you or your household make between \$250,000-\$300,000, you are in the sweet spot to take on a \$750,000 dollar mortgage. This is because you shouldn’t spend much more than 3X your annual income on a home after putting 20% down. This is my 30/30/3 rule for home-buying.

## What is the monthly payment on a 70k mortgage?

Rick Bormin, Personal Loans Moderator The monthly payment on a \$70,000 loan ranges from \$957 to \$7,032, depending on the APR and how long the loan lasts. For example, if you take out a \$70,000 loan for one year with an APR of 36%, your monthly payment will be \$7,032.