If you are looking at FHA and 3.5% down payment, a very rough way to figure out your payment would be sales price divided by 120. Wondering how much you can afford to buy? Take what you want your monthly payment to be and multiple it by 120. i.e - if you want to keep your mortgage payment at $1000 per month, then 1000 x 120 = $120,000 purchase price.
Best of luck,
B&B Realty Group - Keller Williams Elite Dallas TX
I looked at the lisitng from your link and it indicated a $177,000 List Price. Right below the List Price, Trulia estimated a $793/month mortgage payment. I did not see $500/month inidcated anywhere on the page.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
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