HikerGuy83
Diamond Member
- Dec 26, 2021
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That’s still pretty steep. A 400,000 loan even with 60,000 down at 3% is like $2600 per month total with interest and insurance.
At $75,000 income that payment would be like 41% of your gross pay..
That number looks high to me. Just using an internet P&I Calculator on 340,000 at 3%, its more like 1,400 per month. Add T&I to get 1,700/month.
I could be wrong.