Sunday, October 17, 2010

Affordable Mortgages

I like this mortgage rate table as it helps you calculate your monthly payment. For a variable rate mortgage $350/month will buy you $100,000 worth of mortgage. So if you have a $14,000 downpayment you could buy a nice $280,000 townhouse (see my listings at www.PatLiving.com) with only a $931/month mortgage payment. Cheaper than rent!

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