The $134,900 mortgage at 5.5 percent interest would cost $767 monthly for the first four years and $943 monthly thereafter.
With lending rates running at about 10 3/4 percent, a 30-year conventional mortgage for $800,000 would cost the buyer $7,467.85 a month.
Without East Asia, your mortgage might well be costing you more.
The same mortgage at 8 percent would cost $1,458, a difference of $80 a month.
An interest-free, nonassumable 25-year mortgage will cost the same or less than her current apartment rent of $720.
The mortgage, negotiated by the college, will cost less than 5 percent.
By contrast, an adjustable-rate mortgage with 6.3 percent fixed rate for the first five years would only cost $619, a monthly savings of $67.
Our purchases, mortgages, loans and repairs all cost the same.
They've just bought a new house, and their mortgage is costing them over £1,500 a month. I don't know how they do it.
Our mortgage costs us over £1,800 a month.
