Sentences with phrase «count on monthly mortgage payments»
Fixed mortgages are easier to understand because the interest rate that they charge never changes, so you can count on monthly mortgage payments remaining constant throughout the lifetime of your loan.
https://www.fidelity.com/ Not exact matches
But supposing we can count on annualized returns around 8 % then my $ 100k diverted from a down payment and my presumed $ 1000 (delta between mortgage payment and rent) monthly savings could appreciate significantly over the same 10 year period.
Not sure if I should count this but since we're in the 33 % tax bracket if I'm on the loan I can deduct the mortgage interest and get back $ 3500 / year in tax too contribute to the condo which brings the monthly payment down right back down to the cost of renting.
A lot of folks forget to include all those costs and are frankly a bit surprised when their monthly mortgage payment turns out to be a lot more than they counted on.