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Biweekly Mortgage Calculation - How much would your loan cost if you made payments every two weeks? |
| Change the below fields as desired: | |
| Principal Loan Balance: 100,000.00 | |
| Annual Interest Rate (%): 5% | |
| Amorization Length (years): 30 years | |
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Results
Where the final summary is
Biweekly Payment: $233.74
As you can see by the bottom line in my commparison of a $100,000. mortgage over 30 years you would pay off your mortgage at 25 years. That's great but few people stay that long. What impressed me was the extra dollars earned in 5 years!! All other things being equal if you sold your home after 5 years you would have $2777.00 more in your pocket paying biweekly instead of monthly. After 10 years-you would gain $6235.00. Worth comsidering.
Use auto debit or bank on line and it won't even cost you an extra postage stamp. You do need to let your mortgage company know that you want to do this and you are on your way to saving.
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January 2011 Market Report for Lake of the Four Seasons, Crown Point, Indiana
During the month of January there were 90 homes on the market in Lake of the Four Seasons. Of these 84 were active, 2 were pending and 4 sold. The chart below shows the minimum, average, median and maximum data for the properties. The total sales value was $727,900.00. While the average days on the market was 110.
Active: 84
Pending: 2
Sold: 4
Other: 0
Total: 90
Bedrooms
Bathrooms
Square Feet
List Price
Selling Price
DOM/CDOM
Minimum
2
1.00
1,000
$64,900
$90,000
2/6
Average
3
2.37
2,116
$200,706
$181,975
110/177
Median
3
2.00
1,922
$174,900
$144,000
75/119
Maximum
5
4.00
5,000
$594,997
$349,900
586/772
Total Dollar Value
$727,900
The second chart shows the average days on the market versus the percentage of selling price. If the home sits on the market longer, do you get a lower price ultimately? Interestingly the homes on the market for 31-60 days got a higher percentage of sale price than those that sold more quickly or took longer. This sample is small for drawing broad conclusions. It will be interesting to see if this trend holds true as the spring approaches.
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
1
1
1
0
1
Breakdown %
25.00
25.00
25.00
0.00
25.00
Avg SP % LP
85.78
100.00
85.71
0.00
93.39
The third chart shows the sale price to list price counting the entire time the home was on the market not just the most current listing. (Cumulative Days On Market) For this month 3/4 of the homes sold were on the market for 120 days or more and sold for 95% of the asking price.
Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
0
0
1
0
3
Breakdown %
0.00
0.00
25.00
0.00
75.00
Avg
0.00
0.00
85.71
0.00
95.25
January 2011 Market report for Munster, Indiana Single Family Homes
January 2011 in Munster, Indiana saw 123 homes for sale. We are limiting this report to single family homes only. There were 3 pending, 9 sold and 111 active homes listed. The chart below shows the minimum, average, median and maximum data for the properties. The total sales value was $2,112,125.00. While the average days on the market was 135.
Active: 111
Pending: 3
Sold: 9
Other: 0
Total: 123
Bedrooms
Bathrooms
Square Feet
List Price
Selling Price
DOM/CDOM
Minimum
2
0.75
832
$79,900
$83,000
0/5
Average
4
2.53
2,304
$315,942
$234,681
135/186
Median
3
2.00
2,000
$220,000
$172,900
108/158
Maximum
6
7.00
7,174
$1,350,000
$545,000
644/898
Total Dollar Value
$2,112,125
The second chart shows the average days on the market versus the percentage of selling price. If the home sits on the market longer, do you get a lower price ultimately? Interestingly the homes on the market for 61-90 days got a higher sale price than those that sold more quickly or took longer. This sample is small for drawing broad conclusions. It will be interesting to see if this trend holds true as the spring approaches.
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
0
2
1
1
5
Breakdown %
0.00
22.22
11.11
11.11
55.56
Avg SP % LP
0.00
88.15
107.18
93.51
92.05
The third chart shows the sale price to list price counting the entire time the home was on the market not just the most current listing. (Cumulative Days On Market) Interesting that the greatest number of homes sold were on the market for more than 120 days but still received nearly 92% of the list price.
Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
0
0
1
1
7
Breakdown %
0.00
0.00
11.11
11.11
77.78
Avg
0.00
0.00
107.18
93.51
91.67
January 2011 Market Report for Crown Point, Indiana
During the month of January there were 76 homes on the market in Crown Point proper. Of these 41 were active, 13 were pending and 22 sold. The chart below shows the minimum, average, median and maximum data for the properties. The total sales value was $4,610,963.00. While the average days on the market was 127.
Active: 41
Pending: 13
Sold: 22
Other: 0
Total: 76
Bedrooms
Bathrooms
Square Feet
List Price
Selling Price
DOM/CDOM
Minimum
2
1.00
900
$60,000
$95,000
7/7
Average
3
2.38
2,167
$268,016
$209,589
74/127
Median
3
2.00
1,972
$192,447
$172,200
37/74
Maximum
6
5.00
4,800
$1,500,000
$385,000
494/619
Total Dollar Value
$4,610,963
The second chart shows the average days on the market versus the percentage of selling price. If the home sits on the market longer, do you get a lower price ultimately? Interestingly the homes on the market for more than 120 days got a higher ratio of sale price to list price than those that sold more quickly.
Active: 41
Pending: 13
Sold: 22
Other: 0
Total: 76
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
2
4
4
5
7
Breakdown %
9.09
18.18
18.18
22.73
31.82
Avg SP % LP
101.65
93.53
91.85
91.10
99.39
The third chart shows the sale price to list price counting the entire time the home was on the market not just the most current listing. Interesting that 50% of the homes sold were on the market for more than 120 days but still received nearly 97% of the list price.
Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days
31-60 Days
61-90 Days
91-120 Days
120+ Days
No. of Listings
1
4
2
4
11
Breakdown %
4.55
18.18
9.09
18.18
50.00
Avg
102.19
93.53
94.85
90.69
96.95
Last Quarter Market Report 2010 for Ellendale Farm Subdivision in Crown Point, Indiana
Homes for sale and sold during the time period between October 1st and December 31st, 2010.
|
Active Listings Existing homes |
Price |
Days On Market |
Date Listed |
|
511 O Hagen Drive |
235,900 |
105/105 |
10/13/10 |
|
1148 Donegal Lane |
254,900 |
532/532 |
08/12/09 |
|
838 Kildare Drive |
264,483 |
105/105 |
10/13/10 |
|
1162 Donegal Lane |
294,900 |
306/306 |
03/26/10 |
|
874 Huey |
339,900 |
565/1040 |
07/10/09 |
|
626 O Hagen Drive |
349,900 |
451/451 |
11/01/09 |
|
803 Will Court |
375,900 |
10/207 |
01/16/11 |
|
809 Mary Ellen Dr |
450,000 |
183/183 |
07/27/10 |
|
1170 Mary Ellen Ct |
464,323 |
22/179 |
01/04/11 |
|
821 Mary Ellen Dr |
499,900 |
236/604 |
06/04/10 |
|
Pending Listings |
Asking Price |
Days on Market |
Date U/Contract |
|
None |
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|
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Sold Listings |
Sold Price |
Days On Market |
Date Sold |
|
1115 Allison Street |
429,000 |
120 |
10/15/10 |
If you think you would like to buy a home in Ellendale Farm subdivision give me, Marilyn Tolhuizen, a call on my cell at 219-616-7069.
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Full time, full service Real Estate Agent helping folks buy and sell their homes in NW Indiana, specializing in Crown Point. Pressure FREE Real Estate--When You're Ready, I'll Be There
I offer one stop shopping-find your home, get a mortgage and close on your sale all through the McColly companies. I will guide you through the process and explain what is happening along the way. Buying a home is an emotional experience. My job is to provide you a sounding board, help you evaluate the properties and to negotiate the best possible contract for you. I work for you.
I am a full time Real Estate Agent serving all of NW Indiana including communities in Lake and Porter counties. I work Crown Point, Winfield, Lake of the Four Seasons, Schererville, Highland, Griffith, St. John, Dyer, Munster, Hammond, East Chicago, Gary, Merrillville, Hobart, Lake Station, Lowell, Cedar Lake, Hebron, Valparaiso, Portage, and Chesterton Real Estate. I will help you find your dream home and make the process of buying it a pleasure.
My Marketing Plan
Pricing-I analyze the market, evaluate the sales in your area and determine the highest price we can expect based on sound market research. Pricing your property right in the first place will get it sold.
Staging-Putting your best foot forward-selling your home is not the same as living in it. I will help you present your home to appeal to the widest pool of buyers.
Internet Marketing-I use a variety of Internet Marketing tools including email flyers, Craigslist, Frontpage, and as a member of Leading Real Estate Companies of the World, my website links to over 700 other independent broker real estate websites. Your property will also have its own web page on www.mccolly.com.
Post Card Campaign-I will send picture post cards of your home to 100 homes in a radius of your home. Many buyers come from knowing someone else in the neighborhood. This targeted marketing helps personalize the availability of your home.
I'm taking Brittany, my daughter, by the house to see it today. Merry Christmas and thanks for all your help. You're good at what you do. Jim
Thank you so very much for your help with the purchase of our first investment property. Your attention to the confusing details and your customer service skills were just outstanding! Have no doubt that we will definitely use your services again, and refer as many people as we can.
Thanks Renee
Marilyn,
There are only two words to say... YOU ROCK!!! Thank you so much for this great news. (you have a buyer for our house) Have a great day.
Andrew and Brittany Smith
Marilyn,
I have to admit that I was sad about finally closing on our house because I wouldn't have any good reason to call you anymore. Thank you so much for the impact you made on this season in our life.
Kim
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