Home Buying in Bradenton>Question Details

Ciaobella1954, Home Buyer in Salinas, CA

iF i PUT 20,000 ON A HOUSE ASKING 159,000. WHAT WILL MY PAYMENTS BE?

Asked by Ciaobella1954, Salinas, CA Thu May 23, 2013

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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

http://www.pro-option.com

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0 votes Thank Flag Link Fri May 24, 2013
Thanks, Steve, that makes more sense....
Flag Fri May 24, 2013
Thanks, Steve, that makes more sense....
Flag Fri May 24, 2013
I have a mortgage calculator on my website, you can play with the numbers, change the interest rate etc....

http://jimsweat.listingbook.com/

click the buyer tab and mortgage calculator will be one of the options on that page.

Respectfully,


Jim Sweat, ABR, CRS, CDPE, GRI, e-PRO, ILHM

REALTOR

Author of REAL ESTATE CSI: CONTROVERSY, SECRETS & INSIGHT (availalable early 2013)

American Realty of Venice



http://www.JimSweat.com

http://www.ExplainShortSales.com

http://www.linkedin.com/in/jimsweat



A Proven Professional Working for You!

18 Years Experience
0 votes Thank Flag Link Thu May 23, 2013
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