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Originally Posted by AtomicLabMonkey
Quote:
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Originally Posted by miahmarie
With the fixed-rate loan, your payments will be $2,998 per month for the Life of the loan.
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On the interest-only loan, the payment has leaped to $3,859 - double your initial payment. And $869 more than the fixed rate life of the loan mortgage.
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:shock: :shock: Who the hell can afford to make monthly payments like that? |
The person who can afford a $500,000 home. :? That might be me, if I could only find someone else to put down $450,000
