Hello there,
We purchased a property of 330K(I paid around 12.5K from my pocket). How much would be the monthly outgoing in relation to Mortgage+Insurance+any other charges on mortgage?
Depends on the LTV of the mortgage, the term of the mortgage, prevailing interest rate on your mortgage, how much and what kind of insurance you have, whether you're a smoker, and about a million other things.
P.S. Surely your question should have read IF we purchased a property...? If you already have bought, surely you should know the costs associated on a monthly basis?
We purchased a property of 330K(I paid around 12.5K from my pocket). How much would be the monthly outgoing in relation to Mortgage+Insurance+any other charges on mortgage?
I don't understand - if you have already bought the property then surely you have arranged the mortgage, life assurance, home insurance etc. and know what you are paying? Or do you mean are the amounts that you are paying competitive? In which case can I ask why you are only checking this now rather than before closing the sale?