ORIGINAL: AR Bowhunter
$975.00 a month or in that area.
Not quite....
That type of loan, unless you have it secured with something is going to be written at a VARIABLE rate, which means the market crashes in 2 yrs, and the interest rate may be 15-20%, then you are paying FAR more. If you have a HOME that you can use as collateral, you could do it on a re-finance, and likely get down in the $900-1000 range assuming you have goo credit, but that would be LOAN payment alone, not sure what taxes run in your area, but that would likely be additional, and you may also have to pay PMI (Private Mortgage Insurance), which I'm not sure what the HELL that is good for since we are in a position where $700 BILLION is pending to bail our banks out d/t the BAD loans that they issued to people who must not have had PMI, otherwise those loans would have been "secured."