Home Buying in Carthage>Question Details

Jaque, Home Buyer in Carthage, TX

the payment est: $ 2,346/mo means if I want I can buy a house worth 399,000 paying $ 2,346 per month?

Asked by Jaque, Carthage, TX Tue May 24, 2011


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Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Thu May 26, 2011
Your GFE, (Good Faith Estimate) from the Title Company, should have spelled this out for you. If you cannot afford $2300/mo, what are you doing looking at a $400,000 house?
0 votes Thank Flag Link Wed May 25, 2011

The Principal & Interest payment amount seems fairly accurate assuming your talking about an 80% first lien & 15% second lien mortgage and placing 5% as a down payment on the $399,000 purchase price.

If you need more information feel free to let me know.

Good luck!

Scott Butcher
Mortgage Banker
Maker Capital Group, LLC, an Ameripro Funding Co.
2307 Lake Austin Blvd.
Austin, TX 78703
0 votes Thank Flag Link Wed May 25, 2011
HUm its dependent. what city you live?
0 votes Thank Flag Link Tue May 24, 2011
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