Mortgage refinancing - Avoid the high cost of 30-year mortgage

Mortgage refinancing - Avoid the high cost of 30-year mortgage

 

 The traditional fixed mortgage in 30 years remains the most popular choice of mortgage, allowing owners to benefit from large quantities. If a refinancing of mortgages is 30 years have not always sense, and often by overpaying. Here are some tips for you in the selection of the refinancing of mortgage loans, the adecuadas wennfinanzielle your situation.

 

  Comparing the gezahlten interest to a loa 30 añosn under 15 years for a loan, you pay an amount equal to the astonishingly long time. The election of a loan of 15 years if the refinancing of mortgages, also has the interest of interest anywhere from 375 to 6 percent. Here is an example of the differences.

 

 Suppose that you have a mortgage for rifinanziamentoCAS $ 200,000 loan with a fixed interest rate. With a langeneurde 15 years can lead to an interest rate of 5.9%. This also applies to  the loan of 30 years receive a mortgage of 6.5%. The additional amount of 15 years which means a huge mortgage to pay $ 153,252 to finance the additional costs if they had opted for a mortgage loan 15 years!

 

 15 years mortgage:

 

 Loan amount: $ 200,000

 

 Mortgage rates: 5.9%

 

 Monthly payment: $ 1676.92

 

 Sum of interest paid: $ 101,846.91

 

 30 years hypothèquesRio:

 

 Loan amount: $200.000

 

 Hypothekarzinssatz: 6.5%

 

 Transfer funds: $ 1264.13

 

 Total interest: $ 255088.92

 

 Your monthly mortgage payment would be $ 412 less per month for a 30-venture mortgage, but this is really the 153,252 U.S. dollars? Refinancing of loans with a maturity of 15 years is the most popular of homeowners to make your Maisein and leads the Sca