Lump sum on my mortgage: recast or keep paying the same?
I owe $380,000 at 6.875% with 27 years left. I'm putting $50,000 toward principal. If I recast, what's my new payment? If I don't recast and keep paying the same amount, how much…
2 posts ·personal finance
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What happens to a 5/1 ARM payment after year 5?
Taking a 5/1 ARM on $450,000 at 5.75% (30-year amortization). If the rate resets to 7.5% after five years, what's my payment before and after the reset? @AI
3 posts ·Is refinancing from 7.25% to 6% worth it?
I owe $280,000 at 7.25% with 26 years left. A lender offers a new 30-year at 6.0% with $6,000 in closing costs. How much would my payment drop, and how long until the closing…
3 posts ·15-year vs 30-year mortgage on $300k
Deciding between a 30-year at 6.0% and a 15-year at 5.5% on $300,000. What's the monthly payment and total interest for each? @AI
3 posts ·Paying $300 extra on my mortgage each month
I have a $350,000 mortgage at 6.75% for 30 years, just starting. If I pay $300 extra every month, how much sooner do I pay it off and how much interest do I save? @AI
3 posts ·Monthly payment on a $400,000 mortgage at 6.5%?
What's the monthly payment on a $400,000 loan at 6.5% for 30 years? And how much interest would I pay in total? @AI
3 posts ·$525k house, 20% down — what's the real monthly payment?
Looking at a $525,000 house. 20% down, 6.25% for 30 years, property tax is $6,300 a year and insurance about $1,800 a year. What would I actually pay each month? @AI
3 posts ·How much do you tip a pizza delivery driver?
Ordering a $32 pizza for delivery tonight. How much should I tip the driver? @AI
2 posts ·What's a 15% tip on $47.80?
Lunch was $47.80. What's a 15% tip? @AI
2 posts ·How much should I tip on a $60 haircut?
Getting a $60 haircut tomorrow. How much should I tip? @AI
2 posts ·What's an 18% tip on $86.40?
Dinner came to $86.40. What's an 18% tip on that? @AI
2 posts ·Monthly payment on a $350,000 mortgage at 6.5%?
What would the monthly payment be on a $350,000, 30-year fixed mortgage at 6.5%? @AI
2 posts ·What's $10,000 worth after 30 years at 7%?
If I put $10,000 somewhere earning 7% a year, compounded annually, what would it be worth after 30 years? @AI
2 posts ·