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Alabama. Monthly mortgage payment: $1,200. 2024 average home value: $214,175. Yearly mortgage: $14,398. For You: I’m a Real Estate Agent: 5 Cities Where Homes Will Be the Best Bargains in 2024 ...
Alabama. Average home value (January 2024): $214,175. Amount needed for 10% down payment: $21,418. Average monthly mortgage with 10% down payment: $1,275
If you have a fixed-rate loan, your monthly mortgage payment is one of your most predictable ongoing costs. Bankrate’s mortgage calculator can help you figure out how much you’ll owe each ...
The Detroit metropolitan area has the lowest average mortgage payment among the top 15 metro areas, at $1,577, according to the 2022 Census housing data. ... To calculate the monthly principal and ...
Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...
Alabama. 3 bedroom home value: $219,236. ... monthly mortgage payment, using Zillow’s mortgage calculator and based on the January 2024 average home value for a three-bedroom home, 20% down ...
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