 |
01-13-2011, 08:54 PM
|
|||
|
|||
Mortgage-how much will I have to pay in...
...result? Hi,I'm thinking to take a mortgage,but have a few questions. Say, if I take a flat worth 200k for 25 years,how much would be the the eventual cost of the flat with all the interest I would have to pay?will it be 300k? Sorry,for me it is so confusing...also how much initial pay I would have to make and what are the requirements for the residential status?Is it worth taking freehold?Many thanks for any comments!
    |
|
01-13-2011, 10:48 PM
|
|||
|
|||
|
you need to sit down with a lender. your income and credit score will make the difference of a cost of the mortgage.but you need about 10 % down and closing cost.( about another 10%) so 200000 will be less than 2000 a month. but you can look a amortization charts and see for yourself. the real thing is what rate you can get. so talk to a lender. in the US you get tax credit on the interest you pay on your note.
|
Linear Mode
