Home Buying in 60411>Question Details

Kyshia Evans, Home Buyer in 60411

I would like to buy a house but stay at about 8 to 9 hundred a month in morgage. what will the house cost.?

Asked by Kyshia Evans, 60411 Wed Jul 16, 2008

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Potential Home Buyer

To many variables to give you the correct answer. I can give you an example of a purchase price of $100,000 , 3% down payment, 6.50% interest rate, property taxes of around $3000 year and paying mortgage insurance $41 month (required unless you put 20% down). This would get you close to $900 a month. It all depends on how much you would be putting down, interest rates and property taxes. Hope this helps you.
1 vote Thank Flag Link Wed Jul 16, 2008

Lucy is exactly right. You should sit down with a good lender to help you navigate you financing options. The final purchase price will be determined largely by interest rate and down-payment. Once you have determined how much you can afford, a good realtor can get you options.

Email me if you need a lender referral for a pre-approval consult.
0 votes Thank Flag Link Sun Jul 20, 2008
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