Many mortgage brokers have something called a mortgage calculator. Call your mortgage company they should be able to help you. When you find out what your mortgage is at 7% for 30 years you might consider, if qualified, to refinance into a lower interest rate.
According to the US Census about 70 percent of homes have a mortgage and 30 percent do not.
677.00
About 30 years
Today's mortgage rates are very low. A 30 year mortgage can be gotten for 3.3% interest. A 15 year mortgage is 2.75% AP. Just a few years ago, mortgage rates were 5 to 7 percent, so these rates are a true bargain.
The average of a 30 years contract would cost about 3.57 percent of the available capital. The average of a 15 years contract would cost about 2.72 percent.
The typical length of mortgage loans is 30 years.
This would depend on the principal balance of the mortgage.
8.08%
The current apr rate for a fixed 30 year mortgage is 4.691 percent. Some lenders such as quicken loans are offering a slightly lower 4.5 percent rate.
To calculate 30 percent of 4750, you multiply 4750 by 0.30. This gives you 1425. Therefore, 30 percent of 4750 is 1425.
You calculate 100*(30/20)
30 years