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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (44868)11/6/2005 10:36:27 PM
From: steve from ihub  Read Replies (2) of 110194
 
just playing around with my calculator and i get $1850 a month for the 5.25%, 30 year, 300k principal and $2007 a month for the 6.25%. can you check your figs?

<The best way to compare apples to apples is to stick with, first of all, the 30 yr fixed rate conforming loan, which is a full doc loan, MI required for less than 20% equity and for loan amounts below $359,000.

Let us use $300k loan amount as an example.
At 5.25%, the monthly payment is $1,657.
At 6.25%, the monthly payment is $1,847.
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