How much does a 30 year mortgage of $700,000 cost per month?
Depends on which year it is.
1980 interest rates were approx. 16% and the cost per month was $9,413
I990 interest rates were approx. 10% and the cost per month was $,6143
2000 interest rates were approx . 8% and the cost per month was $5.136
2006 interest rates were approx. 7% and the cost per month was $4,657
Today interest rates are 5.25 % and the cost per month is $3,811!!