Posted by Randy on June 30, 2003 at 16:15:12:
$180k @ 8.5% 30 years = $1384.04 plus taxes and insurance.? your probably looking at $1600 to $1700 depending on the taxes.
pro’s advice needed on pos. deal asap - Posted by shannon
Posted by shannon on June 30, 2003 at 13:07:34:
List price $188k
comps. about $180k +
The seller needs her equity upfront for closing on her new house and paying off some existing debt. She is entertaining the the idea of doing a refi. on the selling house. I offered her $180k. no money down, cover the mort. and a three year term.I have figured the monthly is going to run between $1200-1400 @ 8.5%. Is there a for sure way to know what the monthly is going to be. I am willing to gain no passive income to gain a substantial down payment from the T/B and reap the end profit as well I just would not be willing to come out of pocket monthly to assist the coverage of the mort.
Thanks in advance