Baby Corner


 
Old 01-24-07, 12:23 PM
Dopey406's Avatar
is loving her husband and children!
Administrator
 
Join Date: Oct 2003
Location: Ohio
Posts: 24,935
Thanked 1,189 Times
Points: 882
Level: 10
Weekly Activity 6147.86%
Arrow Let's talk mortgages!

How much is your mortgage payment?

I know this might be sticky subject but we've talked about every other aspect of our financial situations, right?

With the market being shaky, some might be considering refinancing and stuff. So let's talk about it.

How much of your mortgage payment is interest and how much is principal? Do you pay PMI?

What's your interest rate?
Reply With Quote
 
Old 01-24-07, 12:29 PM
Janine's Avatar
is in love with the new man in her life!
VIP Member
 
Join Date: Jul 2001
Location: Broken Arrow, Oklahoma
Posts: 7,949
Thanked 179 Times
Points: 1
Level: 1
Weekly Activity 1.43%
Default

Our mortgage payment is $830, I think. DH pays it online...it used to be $860, but I know it just dropped recently. An obscene amount is going towards interest right now because we just bought it in Nov 2005. I don't remember our exact interest rate, but I am thinking it was around 6.5%. Yes, we pay PMI right now..Once we get below 80% we will refinance and drop the PMI.
Reply With Quote
 
Old 01-24-07, 12:32 PM
VIP Member
 
Join Date: Oct 2003
Posts: 13,363
Thanked 0 Times
Points: 1
Level: 1
Weekly Activity 1.43%
Default

ours is $1600.00.. that is with the taxes and insurance. our intrest rate is 6%
Reply With Quote
 
Old 01-24-07, 12:33 PM
savannah33's Avatar
is enjoying life!
Another Perfect Day
 
Join Date: Mar 2001
Location: Guyton GA
Posts: 83,549
Thanked 1,422 Times
Points: 17
Level: 1
Weekly Activity 115.71%
Default

Our's is around $1200 a month at 6.25 % interest for 30 years. We will refinance in a couple of years and drop it to 15 years like we have done before. We have other investments we'll sell to put toward this. Our interest is the big portion right now because we bought in 2005 as well.
Reply With Quote
 
Old 01-24-07, 12:45 PM
tryinfr3rd's Avatar
Community Member
 
Join Date: Jan 2001
Posts: 645
Thanked 0 Times
Points: 1
Level: 1
Weekly Activity 1.43%
Default

ours is $1124 but that is with taxes and insurance as well....we don't pay PMI and our rate is 6.something% (cant remember the exact #) however, right now with this investment thingy I also have a $220 a month property loan payment, and right now a $450 a month payment on the equity line of credit loan we have, I say "right now" because we arent done yet so this payment will go up the more money we use, by the end I expect we will be paying about $700-800 on that one so basically a whole other $1000 per month
 
Im really scared about that and hope hope HOPE the house sells quickly....say a few prayers for us on that one!!
 


**I should add our goal with the investment property's is to eventually get enough to pay off a mortgage, either on this house or a new one so hopefully ONE day we wont have a mortgage payment!!
 
Reply With Quote
Latest Articles
Pregnant Woman's Guide to The Zika Virus
Get the latest information about the zika virus during pregnancy including how to protect your unborn baby or infant, signs and symptoms, complications, and prevention.

Fetal Development Video
Video showing how a fetus developed during the 40 weeks of pregnancy. Fetal Development Video

Adventure Vacations with Your New Family Are Possible
If you spent time as a couple exploring vast areas of the world, that doesn't have to end just because you have a new baby. Here are 6 tips to make your vacations fun for the whole family. Plus, vacation ideas to help you get started.

The "Mozart" Effect: How Music Helps Your Baby's Development
Can your baby really be smarter if your listen to Mozart, or other classical music, during pregnancy?

What to Expect Postpartum: Your Period
The postpartum period brings many changes to a woman's body. Learn what to expect with your period including when it will return and warning signs to watch out for.

May 2017 Baby Photo Contest Winner
May 2017 Baby Photo Contest Winner
"Kiara"
Congratulations jaydipdave!

Calculators & Tools

All times are GMT -4. The time now is 11:14 AM.


Pregnancy | Fertility | Baby | Toddler | Free Baby Stuff! | Community | Baby Names

About Baby Corner | Advertising | Editorial | Contact Baby Corner | Terms of Use | Privacy Notice


Powered by vBulletin® Copyright © 2017, vBulletin Solutions, Inc.