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Can anyone give me a hint on my mortgage payments?

I bought my first house about 8 months. I had no down payment and ended up getting two separate loans. The first $ 114 000@6.75% fixed for 30 years. The second was for $ 38,000 @ 9.436% per year 15:. monthly lump sum payment on the first second $ 1,014.12 monthly: $ 316.05 I can afford that. Its far from ideal, but I paid only slightly more per month than I would for an apartment. I thought I might be able to finance again soon, but too many people making $ 35K $ 350K bought a house and I think the chances of my doing that right now are slim especially since I paid next to no principle at this point. Let the atrocious 9 +% just for a minute. I know there are insurance costs and taxes on lands including mortgage payments, but I am connecting $ 114K and 6.5% over 30 years in the generic online calculators and going nowhere near what I have to pay. Any help? In case of 6.75% used for calculations … typographical error.

I 739.40 principal and interest. This would make the taxes and insurance of 274.72. Seem fair? Do not know why using the rate of 6.5 if 6.75. You are right. It would be too expensive to refinance at this point, even if I could. It will take years before it saves you money. I want to focus on the return of the second. The rate of 1 is not so bad. If you add abut $ 80 per month for payments in the second, repayable in 15 years. If you could pay 500 per month on this, you can pay in 10 years. Hope this helps.

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