# hey guys in the know about buying a house... **URL:** \ **Category:** PittSpeed Off Topic\ **Created:** [April 22, 2005, 2:09pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849 "2005-04-22T14:09:49Z")\ **Posts on this page:** 9\ **Page:** 2
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [April 22, 2005, 3:34pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/21 "2005-04-22T15:34:51Z")
45K 20 years 7% interest 348.88 / month **Total cost at end of Mortgage = 83731.20** ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [April 22, 2005, 3:35pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/22 "2005-04-22T15:35:21Z")
60k 30 years 7% 399.18 **Total cost at end of mortgage= 143704.80** ---
**Author:** ![HaNnIBaL64](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hannibal64/32/5954_2.png) [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)\ **Post date:** [April 22, 2005, 3:35pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/23 "2005-04-22T15:35:33Z")
> [@newchic](#): > > Here try these… > [http://www.bankrate.com/brm/calc\_home.asp](http://www.bankrate.com/brm/calc_home.asp) > > They have a really good mortgage calculator… it should help you. > > Just keep this in mind… in most cases… if you take a mortgage for the full 30 years… you will pay 3 times the value you financed. That means for a 60K loan… you will end up paying 180K… yeah i know… i just woant something quick now and within budget and refinance later to get a better deal… know what i mean? ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [April 22, 2005, 3:36pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/24 "2005-04-22T15:36:23Z")
but you can’t get the lower price later. ---
**Author:** ![HaNnIBaL64](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hannibal64/32/5954_2.png) [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)\ **Post date:** [April 22, 2005, 3:37pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/25 "2005-04-22T15:37:39Z")
> [@newchic](#): > > but you can’t get the lower price later. i know… i guess it all comes down to what happens with the other people… if it doesnt work for them ill try and get it for a lower price. if they get it… its back to house hunting. ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [April 22, 2005, 3:41pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/26 "2005-04-22T15:41:04Z")
see my edits above I know you can only do what you can afford… but if you can keep the life of your loan lower… you will be better off. And usually the less time on a loan the lower the interest rate. ---
**Author:** ![HaNnIBaL64](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hannibal64/32/5954_2.png) [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)\ **Post date:** [April 22, 2005, 3:44pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/27 "2005-04-22T15:44:01Z")
> [@newchic](#): > > see my edits above yep i know… sucks but i dont wanna pay rent anymore… waste of money as i see it… and i know id end up paying a lot more if i went 60k 30 year… but im gonna have to wait and see what happens with the people that ware waiting to get approved on the house now… ---
**Author:** ![HaNnIBaL64](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hannibal64/32/5954_2.png) [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)\ **Post date:** [April 22, 2005, 3:44pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/28 "2005-04-22T15:44:48Z")
vb chat? ---
**Author:** ![newchic](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newchic/32/5989_2.png) [@newchic](https://forums.speedlife.net/u/newchic)\ **Post date:** [April 22, 2005, 4:28pm UTC](https://forums.speedlife.net/t/hey-guys-in-the-know-about-buying-a-house/173849/29 "2005-04-22T16:28:57Z")
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