If I add 100,000 to a mortgage 5.2% (Boat) and pay 900 a month how many months before it’s payed?
I have a 200,000 mortgage at 5.2% I would like to add my boat to the mortgage.. I pay 900 a month
how many months before the 100,000 is payed off
I pay 900 a month just for the100,000 ..
Just to clarify
10 years ago I added 100,000 to an existing mortgage of 125,000 on a house worth 600000
I then took the 100,000 and paid off my line of credit of 100000 which I used to buy a boat
The mortgage is being paid by my wife.. I pay her 900 a month for the 100000..
How long till I pay off the 100000 at 900 a month