I would look at the $760+$875 per month and see if $1600/month plus 54k in equity gets you a cheaper house which builds your equity quicker.
If the $875 includes utilities, might be a good deal. Maybe consider paying this with a credit card and trying to get 1% or 2% back as a reward.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak.
One person's stupidity is another person's job security.
|