> What are interest rate?

What are interest rate?

Posted at: 2015-03-04 
I wanna buy a house that's $319,000 but pay $200,000 upfront what will my interest rate be?

About 5%; but there is no reason to put down so much money. {Sounds like you will make yourself cash poor.} Put down 20% (lets say 70,000) and then get a 15 yr loan at 4% and "cannibalize" the $130,000 over the years until your income catches up to the big payments. [Remember, you will also be making a bit of money on the $130,000 so the spread is less than 4%.]

Depends on your credit rating probably between 4 and 5 percent.

2%

Depends on the length of the loan and your credit score.

from the information given the interest RATE cant be found but I can tell you that it would be taken from the principal amount of 119,000

I wanna buy a house that's $319,000 but pay $200,000 upfront what will my interest rate be?