Quote:
Originally Posted by secondcurve
That seems like a lot of real estate for $505,000. If they put down $100,000 and term the balance out for 20-years their P&I payments are only $1,675 a month, give or take. It certainly seems doable. Here is wishing the new owners lots of luck.
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Can you show me how you calculated that?
The monthly payments seem kind of low for that amount of money and for 20 years.