Posts Tagged "$60000"

How much would a monthly mortgage payment be on a $60,000 home?

on Jan 29, 2013 in FHA Information | 2 comments

Question by DIY: How much would a monthly mortgage payment be on a ,000 home? My fiance and I are trying to figure out if it would be more cost effecient to rent an apartment or to just buy a home.. and we found a nice one for $ 60,000 so how much would that be a month? Thanks! Best answer: Answer by JudyWhere is your down payment? Google “how much home can I afford”. A good rule of thumb: Never allow your monthly mortgage payment be more than 25% of your take home pay. Put 20% down to avoid that nasty PMI. / What do you think? Answer below! How much would a monthly mortgage payment be on a $60,000...

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