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Mortgage Chart

Below please find a chart that will give you a general idea of how much your monthly mortgage payment will be depending on the amount of loan as well your interest rate. The chart below is based on a 30 year fixed mortgage (principal & interest).  

Single family home prices in Mt. Pleasant, SC start in the mid-$200’s and go all the way up to $4 million.

 

Loan Amount 4.5% 5.0% 6.0% 7.0% 8.0% 8.5% 9.0%
$50,000 253.34 268.41 299.78 332.65 366.88 384.46 402.31
$60,000 304.01 322.09 359.73 399.18 440.26 461.35 482.77
$70,000 354.68 375.78 419.69 465.71 513.64 538.24 563.24
$80,000 405.35 429.46 479.69 532.24 587.01 615.13 643.7
$90,000 456.02 483.14 479.64 598.77 660.39 692.02 724.16
$100,000 506.69 536.82 539.6 665.3 733.77 768.91 804.62
$110,000 557.35 590.5 599.55 731.83 807.14 845.8 885.09
$120,000 608.02 644.19 659.51 798.36 880.52 922.7 965.55
$130,000 658.69 697.87 719.46 864.89 953.89 999.59 1046
$140,000 709.36 751.55 779.42 931.42 1027 1076 1126
$150,000 760.03 805.23 839.37 997.95 1100 1153 1207
$160,000 810.7 858.92 899.33 1064 1174 1230 1287
$170,000 861.36 912.6 959.28 1131 1247 1307 1368
$180,000 912.03 966.28 1019 1198 1321 1384 1448
$190,000 962.7 1020 1139 1264 1394 1461 1529
$200,000 1013 1074 1199 1331 1468 1538 1609

 

For instance, the monthly mortgage payment of a house costing $200,000 at a 7% interest rate will be $1331. If you were to purchase a $400,000 house at 7% interest, the monthly cost would be $2662. Please don’t forget that this does not include insurance, utility bills…

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