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Iceland forgives mortgage debt of its population. (May 8, 2012) Total Media Blackout

Published on Apr 12, 2012 by telesurenglish The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose ...

What would be the total monthly mortgage on a new 4 bedroom home in the Poconos?

The home building company advertises a $230,000 home w/ $1,190 monthly mortgage for principle & interest only. The down payment requested is $8,047. What should I expect my monthly mortgage to be? Thank You!

Do you mean the $1190 is before or after the down payment?

Scenario A. $230,000 mortgage @1190/mo = interest rate of 4.68%

Scenario B $230,000 - $8047 = $221,953
$221,953 mortgage @ 4.68% = $1148.47/mo mortgage payment.