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Old 04-24-2008, 08:19 PM
ScrimpAndSave ScrimpAndSave is offline
$ Saving College Junior
 
Join Date: Apr 2008
Posts: 1,232
Points: 5640.00
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Default Can I afford this house?

My take home $4,000 monthly.

Price of home: 250,000
Downpayment: $ 60,000
Interest rate: 5.5 %
Yearly property taxes: $3750
Yearly homeowner's insurance: $481

Principal and interest: $1,078
Taxes and insurance: $352
PMI: $0
TOTAL: $1431.88

No CC debt
No Student Loans
Car is paid off

Experian: 779
Equifax: 767
Transunion: 771
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