If i want to buy a house or a apartment that cost $180,000 to $200,000 how much of a down payment do you think i have to give so i can pay $600.00 a month.
2006-06-08 08:38:01 · 6 answers · asked by Yandel 2 in Business & Finance ➔ Personal Finance
Depends on your interest rate and how long you want to pay for it. what i figured out is for a $180,000 you would need at least $90,000 down to pay $588.88 for 10 years
2006-06-08 08:45:08 · answer #1 · answered by cattdaddy18 2 · 1⤊ 0⤋
There is not enough information to answer your question.
What is your current credit score?
Are you Black or Latino? (Blacks and Latinos pay up to 30% more than a white for exactly the same credit asuming both have exactly the same credit score)
NOTE: This is not about racial discrimination. It is more likely you will be infected by AIDS, killed by a violent criminal, arrested and convicted and banks take higher risks when they loan money to Blacks and Latinos.
2006-06-08 16:02:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
$600 including taxes and insurance?? Thats going to be hard.
You would probably have to put down like more than half. Probably like 80% down. or something rediculous like that.
2006-06-08 15:44:51 · answer #3 · answered by Lenita 2 · 0⤊ 0⤋
I am not sure. I think you should pay no more then $10,000 and way less if you pay cash
2006-06-08 15:42:26 · answer #4 · answered by Ms. Longbottom 2 · 0⤊ 0⤋
if you call a mortgage company to get "pre-approved", they'll tell you all that stuff.
2006-06-08 16:03:20 · answer #5 · answered by ABN Save 1 · 0⤊ 0⤋
call your local banker.
and good luck.
2006-06-08 15:43:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋