51 Mill Street up for auction....

[Yosemite Sam]

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.

Can you show me how you calculated that?

The monthly payments seem kind of low for that amount of money and for 20 years.