I am 23 years old and I just started my first job about 6 months ago. I make 40,000 year and I have 23,000 dollars in the bank right now. I am trying to decide how much i should use for my downpayment, and how much I should keep in the bank for an emergency fund. After I buy the house my total monthly expenses will be around 1700 including mortgage, bills, utilities, groceries, gas, car payment....everything. How many months worth of savings should I keep in my emergency fund, and how much should I use for my downpayment. House is around 115,000.
Thanks.
2007-01-20
17:03:17
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5 answers
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asked by
Anonymous
in
Renting & Real Estate