The monthly payments would have been $1,400 for 30 years.
In 2000, the rate was 8.64 percent and the monthly payment would have been $1,620.
You make monthly payments until the end of the term.
At the recent level of 6.29 percent, the monthly payment is $3,124.
That means if the current rate is 7%, you would have to pay a much higher monthly payment.
This is a monthly payment just like any other insurance.
When can I expect my first monthly payment to be due?
The couple agreed to make 10 monthly payments of $5,000 each beginning on March 1, 2002.
The three children will also receive monthly payments for the rest of their lives.
"You think of the monthly payments, not the total amount."
