45K
20 years
7% interest
348.88 / month
Total cost at end of Mortgage = 83731.20
60k
30 years
7%
399.18
Total cost at end of mortgage= 143704.80
yeah i know… i just woant something quick now and within budget and refinance later to get a better deal… know what i mean?
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.
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.
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…
vb chat?
ok