I AM A ELECTRICAL ENGINEER WHO'S BUYING A HOUSE THAT IS A SINGLE FAMILY HOUSE WITH THREE ROOMS, TWO BATHROOMS, AND IS WORTH NO HIGHER THAN $300K. DURING MY SEARCH, I STUMBLED UPON A HOUSE LOCATED AT 19115 BLOOMDALE RD THAT COST $269,800. IT'S A SINGLE FAMILY HOUSE WITH 3 BEDROOMS 2 BATHROOMS, AND ABOUT 67YEARS OLD.
The down payment was $53,960, property tax is $259, and $980 on house insurance. if yone ou add those. numbers up with the processing Fees ($0), flood cert ($20), mortgage application($150), and commitment fee ($370), and the ($500) Appraisal; I would get $55357, but if I subtract that number with the house price, I 'd have paid a total of $214,443 at closing.
The monthly mortgage payment is $1,389 and my income is $6,000 monthly. Then the percent monthly income is 1,680.
with percentag of 1,680monthly income I sorry to say that cannot offers this house.