Finding out how much that new home might cost you each month is a snap.  Just follow these four easy steps:

1. Enter the number of monthly payments (i.e., 360 months equals a 30 year mortgage; 180 months equals a 15 year mortgage)
2. Enter the interest rate. Note:  you can obtain an estimate of current interest rates by visiting http://realestate.yahoo.com.
3. Enter the principal amount (the amount you intend to borrow).
4. Click the Compute button.

Keep in mind these amounts represent only principal and interest payments. Real estate taxes, homeowner’s insurance, and mortgage insurance (if applicable) will increase your payment.

since 5 may 00