Curious. What would a general monthly payment be on a house that is $125,000.00?

Here is an online mortgage calculator.

http://www.jeacle.ie/mortgage/

Scroll down past the graphs and you can enter different amounts for principal, interest rates, property taxes, and insurance and it will give you your monthly payment.

Is the house $125,000 or is that the amount of your loan? The monthly payment isn't really based upon the price of the house. It depends on how much money you recieved in a loan.

It shouldn't be $500 more. I have a loan for $100,000 and with insurance and taxes the monthly payment is $747. With just principal and interest, it was around $500.

Assuming 7% - Principal and interest on a 30 yr loan would be $831.62. You would still have taxes and insurance and any other fee associateded with the property ( association dues, pmi, etc.)

how much are you putting down

what is your interst rate

what is the term of the loan

these are all things need to know before a monthly payment can be figured or estimated.

thanks

good luck :)

There are alot of different factors that can make differences on your payment, but on average I would say that you will spend $1100 per month on a loan of $125,000

Also your Credit score has an important bearing on the interest rate

depends on the borrowing rate, I'm in NY so the prices on houses and rentals is "CRAZY", they tell me that "S.F." is the same way.

your looking at 650.00 a months