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

来源: ptwxcity 2012-09-05 14:39:50 [] [旧帖] [给我悄悄话] 本文已被阅读: 次 (296 bytes)
回答: Try to make a demo here:borisg2012-09-05 13:23:16

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?

 

 

所有跟帖: 

15k-2.5k-1k-1k-5k(interest)=5.5k on 45k investment(5k closing co -borisg- 给 borisg 发送悄悄话 borisg 的博客首页 (164 bytes) () 09/05/2012 postreply 14:50:47

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