Sentences with phrase «same mortgage scenario»

Using the same mortgage scenario, Fred has outlived his 30 - year term policy, but has also paid off the mortgage on his home.

Not exact matches

When comparing two mortgage scenarios it's important to assume the borrower is willing to make the same monthly (or bi-weekly) payments in each case.

Of course, this is just one scenario — the rate could also go down or stay the same, and even remain lower than comparable fixed - rate mortgages.

Now, with the numbers in your scenario run correctly, you can compare to the numbers ran if you take that same $ 2375 payment ($ 1073.64 Mortgage payment + $ 1301.36 HELOC payment) and just pay that each month on your 5 % loan.

Here's an example of a $ 100,000 cash - out refi using the same scenario above, provided by Paul Skeens, president of Colonial Mortgage Group in Waldorf, Md.: Your new mortgage amount on your $ 400,000 home will be $ 300,000, with a new fixed rate for 30 years at 4.375 percent, plus half a point (0.5 percent of the loan Mortgage Group in Waldorf, Md.: Your new mortgage amount on your $ 400,000 home will be $ 300,000, with a new fixed rate for 30 years at 4.375 percent, plus half a point (0.5 percent of the loan mortgage amount on your $ 400,000 home will be $ 300,000, with a new fixed rate for 30 years at 4.375 percent, plus half a point (0.5 percent of the loan amount).