How much would the mortgage payment be on a $75K house? Assuming you have a 20% down payment ($15,000), your total mortgage on a $75,000 home would be $60,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $269 monthly payment .
What is the monthly payment on a 75000 loan?
How much would the mortgage payment be on a $75K house? Assuming you have a 20% down payment ($15,000), your total mortgage on a $75,000 home would be $60,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $269 monthly payment .
What credit score do you need for a 75000 loan?
What credit score do you need for a $75,000 personal loan? Generally, you need a credit score of at least 620 to qualify for a personal loan. However, if you're looking to borrow as much as $75,000, you'll likely need very good to excellent credit — usually meaning a score of 740 or higher.
How much income do I need for a 75000 mortgage?
1. Estimate your income. If you receive an annual salary, divide it by 12 to estimate your gross monthly income for that job. For example, if your annual salary is $75,000 per year, your gross monthly income would be $6,250 ($75,000 divided by 12) .
What credit score do I need for a $50000 loan?
Credit score: Most lenders require a minimum credit score of 600, though some lenders may look at scores slightly lower. If you want to qualify for a personal loan of $50,000, your credit score should be 650 or higher .
What is the formula to calculate monthly payments on a loan?
- a: 100,000, the amount of the loan.
- r: 0.005 (6% annual rate—expressed as 0.06—divided by 12 monthly payments per year)
- n: 360 (12 monthly payments per year times 30 years)
What are the payments on a 20000 loan?
If you borrow $20,000 at 5.00% for 5 years, your monthly payment will be $377.42 . The loan payments won't change over time. Based on the loan amortization over the repayment period, the proportion of interest paid vs. principal repaid changes each month.
How can I get a 40000 loan with bad credit?
You can borrow $40,000 with bad credit from Upstart, LendingClub and FreedomPlus . The best places to borrow $40,000 with bad credit will require credit scores toward the upper end of the bad credit range.
How can I get a 60000 loan with bad credit?
You can borrow $60,000 with bad credit from friends and family , lenders that offer secured personal loans, and pawnshops. There are no major lenders that offer unsecured loans of $60,000 to people with bad credit.
How big of a loan can you get with a 700 credit score?
Some lenders will provide jumbo mortgages to people with credit scores in the 700 range. A jumbo loan is anything above $548,250 in most parts of the U.S. And many lenders will make jumbo loans as large as $1-2 million for buyers in the high-end market. Note, a 720 minimum score is also common for jumbo loans.
Can I buy a house making 40k a year?
Example. Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)
What house can I afford on 70k a year?
According to Brown, you should spend between 28% to 36% of your take-home income on your housing payment. If you make $70,000 a year, your monthly take-home pay, including tax deductions, will be approximately $4,328.
What income is needed for a 300k mortgage?
A $300k mortgage with a 4.5% interest rate over 30 years and a $10k down-payment will require an annual income of $74,581 to qualify for the loan.
What credit score is needed for a 100k loan?
To qualify for a $100,000 personal loan, you should have a score of at least 720 , though a score of 750 or above is ideal. Before you apply for a large personal loan, check your credit score so you know what kind of loan terms you're likely to qualify for. To do so, use a free online credit service.
How much loan can I get on 35000 salary?
| Net Monthly Income (₹) Loan Amount (₹) | ₹ 30,000 ₹ 17,09,806 | ₹ 35,000 ₹ 20,46,586 | ₹ 40,000 ₹ 23,83,366 | ₹ 50,000 ₹ 30,56,926 |
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What is the monthly payment on a $10000 loan?
| Your payments on a $10,000 personal loan | Monthly payments $201 $379 | Interest paid $2,060 $12,712 |
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