Trulia Voices Real Estate Q&A in 60411

Show me another »

Kyshia Evans
Home Buyer
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.?

Wed Jul 16 2008, 13:51 - 60411 - Home Buying - 2 answers

Answer this question

Helpful (0)

Email Alerts

Send to a friend

Save

Report

Answers (2)

FIRST: Lucy Perna

Wayne Beals
Real Estate Pro
Chicago

Sun Jul 20 2008, 11:17

Kyshia,

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.

Helpful (0)

Report

Lucy Perna
Real Estate Pro
Illinois

Wed Jul 16 2008, 16:04

FIRST ANSWER

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.

Helpful (1)

Report

Didn’t you find what you are looking for? Ask a question!