How much will my mortgage payment be?

Ga. counties sue HSBC over bad home loans
ATLANTA (AP) — Three counties in Georgia have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to …
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Local residents may be eligible for program to purchase or repair homes
The Direct Loan program offers low interest loans to income eligible borrowers in rural areas. Direct loans require no down payment and monthly payments are based on income. The standard term for a loan is 33 years for most borrowers. Home repair loans …
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NRI dream home in India!
Repayment of loan: The repayment of these loans can only be through Non-resident External (NRE) or Non-resident Ordinary (NRO) accounts with remittance from abroad. No other funds can be used for repayment of these loans. The repayment needs to be made …
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by Editor B

Question by Sweetz: How much will my mortgage payment be?
I was just accepted an offer on a home at $ 162, pharm 500. I am on an FHA loan. My down payment will be 3.5%. Interest is at 3.87.
Taxes are $ 5585 a year. I think homeowners insurance will be about $ 100 per month. I dont know how much the mortgage insurance will cost? All together was is my mortgage payment looking like?

Best answer:

Answer by linkus86
You are looking at a payment of about $ 1390 per month, information pills but you must live in an area that has the absolute highest property taxes I have ever heard of at over 3.4% (I am willing to bet it is half that rate)

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