We have provided the following archive of Q&A for reference purposes only. To get answers to your home improvement questions, please visit our new community forums.

Title of Question:

How Much To Borrow?



 

Name: Sebastian  City: New York

Question: If a bank offers me a 30 year fixed rate mortgage with a rate of 5.75% compounded monthly. Purchase price is $315,800 and down payment is $35,000. How much will I need to borrow? How do you figure that out?

 

Repair Home survey