Thomas
Anderson,#2Consumer Comment
Sun, May 06, 2007
6% interest for 30 years is $731.45/MONTH 6% to 6.5% 30-year money is available. 15-year mortgages have a lower interest rate. $1186.00 a month for a $122,000.00 30-YEAR mortgage is 11.26% $1186.00 a month for a $122,000.00 15-YEAR mortgage is 8.28% Why don't you buy yourself a TI-BA2 Plus (TI-BA II Plus, $35 at Wal*Mart, usually near the cameras) so that you can use its solver to calculate what your loans should/could be? This TI is VERY easy to use- just follow the easy-to-understand instructions in the manual.