The reason is that what contractors might charge to remove the current flooring, especially in cases of tile and hardwood, can vary wildly. Installation costs can vary just as much, so we would recommend contacting 2-3 contractors and asking how much they charge per square foot for removal and installation of flooring.
Multiply the amount of your loan times the total number of points as a percentage. Using figures from the above steps, the three points bought with a $400,000 mortgage would cost $12,000: $400,000 x 0.03 = $12,000.
This Site Might Help You. RE: what would the average payment for a 400,000 dollar loan be???? my dad offered to sell me his house for this amount, I want to get the property because it is a fair price considering the neighborhood.I plan on probably going to a bank rather than a broker...please help.his Site Might Help You. RE: what would the average payment for a 400,000 dollar loan be???? my dad offered to sell me his house for this amount, I want to get the property because it is a fair price considering the neighborhood. I plan on probably going to a bank rather than a broker...please help.