Cottage Ownership Can Be Easier Than You Think PDF Print E-mail

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





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