close
    What would be the mortgage on a $400,000 house in Mount Pleasant, SC. I also would like to know the estimated insurance, county and sschool taxes too.

    0  Views: 179 Answers: 1 Posted: 9 years ago
    nlnnet

    Looks like you are moving and getting others to do your research. If you do not vote up good answers already received it is not likely additional help will be coming!

    1 Answer

    That depends on the mortgage interest rate and amortization term that you secure. Once you've established the rate, google "interest amortization charts" and select the number of years you feel comfortable with based on the monthly payments. Typically, 25 year amortization terms are the norm but you can choose a longer period if you want to lower your payments or shorter if you want to pay it off sooner.You can also choose weekly or bi-weekly payments to shorten the pay back period.

    As for insurance, that depends on what sort of coverage you want or "need" to buy. Call 2 or 3 local insurance brokers for a quote.

    Prior year's taxes should be made available from your real estate broker or from the seller. Ask for written proof if your skeptical. Good luck !


    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18066 / Questions: 153
    Karma: 1101K
     
    Colleen
    Answers: 47274 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11315 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2379 / Questions: 30
    Karma: 759K
    > Top contributors chart
    446047
    questions
    716509
    answers
    654360
    users