Rules Of Thumbs

A rule of thumb for mortgage payments and mortgage size is that every $200,000 borrowed, your monthly mortgage payment will be $1,000. This rule of thumb is loosely based on a 5% mortgage rate and a 30-year mortgage.

Tags: , mortgage, payment, Rule of Thumb

This entry was posted on Sunday, November 4th, 2007 at 3:41 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.