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Cottage Ownership Can Be Easier Than You Think |
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Sometimes the owner will finance, Sometimes it is easier to refinance your home in the city. Even if you finance through a bank- at current mortgage rates, payments would be as follows:
Monthly Payment Per $1000 of Mortgage
@ 7% amortized over 15 years $8.94
@ 7% amortized over 20 years $7.70
@ 7% amortized over 25 years $7.01
@ 7.5% amortized over 15 years $9.21
@ 7.5% amortized over 20 years $7.99
@ 7.5% amortized over 25 years $7.32
@ 8.0% amortized over 15 years $9.49
@ 8.0% amortized over 20 years $8.29
@ 8.0% amortized over 25 years $7.64
The comments contained on this site are for information purposes only and do not constitute legal advice.
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