We agree with the contractor that the damages resulting from increased interest rates are consequential damages. Increases in interest rates are not caused by delays in completion of construction contracts.
So you can multiply your current rent by 1.33 to arrive at a rough estimate of a mortgage payment. Hereâs an example: If you currently pay $1,500 per month in rent, you should be able to comfortably afford a $2,000 monthly mortgage payment after factoring in the tax benefits of homeownership.
The average national monthly mortgage payment in the United States was $1,687 in mid 2006. By contrast the average rent was roughly $890. What is a mortgage A mortgage is the amount of money borrowed from the bank to purchase a house or other real property.The monthly payment amount varies based on:he principal and interest payment depends on several factors besides the loan â¦ amount, primarily the interest rate and loan term(length of the loan). To keep it simple, a 130,000 mortgage at 4.5% for 30 years would be $658.69 for your principal and interest payment.