ELI5 How mortgage payment are calculated. Submitted by [deleted] t3_yhwtck on October 31, 2022 at 1:21 AM in explainlikeimfive [deleted] 6 comments 1
SonicResidue t1_iug2jf8 wrote on October 31, 2022 at 1:23 AM Is it factoring in property taxes and insurance? Permalink 1 Grc280 t1_iug30dn wrote on October 31, 2022 at 1:27 AM Doesn’t appear to be. The website is mortgagecalculator.org Permalink Parent 1
Grc280 t1_iug30dn wrote on October 31, 2022 at 1:27 AM Doesn’t appear to be. The website is mortgagecalculator.org Permalink Parent 1
Nateorade t1_iug324p wrote on October 31, 2022 at 1:27 AM Beware that mortgage rates are now closer to 7% or higher, not 5%. No, you aren’t missing anything. And that amount doesn’t include insurance or taxes (or utilities … or maintenance …). Permalink 1 Grc280 t1_iug367v wrote on October 31, 2022 at 1:28 AM Right, I am not planning on buying with the rates as they are. And I know, like wut Permalink Parent 1
Grc280 t1_iug367v wrote on October 31, 2022 at 1:28 AM Right, I am not planning on buying with the rates as they are. And I know, like wut Permalink Parent 1
X0nerater t1_iug2ruj wrote on October 31, 2022 at 1:25 AM They're getting to account for inflation and change in value over time right off the bat. Housing is extra because unlike most purchases that depreciate, most real l real estate appreciates over time. Permalink 0 Grc280 t1_iug3br5 wrote on October 31, 2022 at 1:29 AM Interesting and disturbing Permalink Parent 1
SonicResidue t1_iug2jf8 wrote
Is it factoring in property taxes and insurance?