a qualified borrower could have a total payment depending on taxes and insurance in the $900 to $800 range
But why sink $32,000 into DEAD EQUITY?
What if with only 3% down, a payment in the $1,100 range?
I think I'd rather have an extra $27,000 to invest, pay off non tax deductible debt like cars, credit cards, money for home improvement and a better tax write off
click the buyer tab and mortgage calculator will be one of the options on that page.
Jim Sweat, ABR, CRS, CDPE, GRI, e-PRO, ILHM
Author of REAL ESTATE CSI: CONTROVERSY, SECRETS & INSIGHT (availalable early 2013)
American Realty of Venice
A Proven Professional Working for You!
18 Years Experience