What if we do a mortgage loan with 25% down?

来源: 于 2012-09-05 14:39:50 [旧帖] [给我悄悄话] 本文已被阅读：次

For 160K house:

Downpay 40K.Loan 120K @4% 15Y-fixed

Income: Rent 15K

Cost: Tax 2.5K+Insurance 1K+ Repair 1K+ Mortage payment 10.5K = 15K.

I get nothing but equity in the house.

Is that considered to be resonable or bad?