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monthly payment: How Much is the Monthly Payment?: A Simple Formula - 09/29/07 07:01 AM
In the early stages of the home buying process, many clients will often ask me what the monthly payment will be based on a price of a particular property.  
It is impossible to answer this question without knowing more about the situation: 
what is your credit score?what is the interest rate on the loan?how much money are you putting in as a down payment?what are the taxes on the property?how much are the association dues or condo fees?what type of loan program do you have?
Calculating the monthly payment needs to weigh in all these factors.  This is best left for explanation by … (29 comments)

 
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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance, Managing Broker/Branch Vice President

Address: 6226 Old Dominion Drive, McLean, VA, 22101

Office Phone: (703) 626-0715

Cell Phone: (703) 626-0715

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