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$755.00 evey two weeks what is 25% of it. Can you afford a 100,000 house making this every two weeks with no others bills except for lights,water,ect.

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mamaofficer

Asked by mamaofficer at 8:02 PM on Aug. 14, 2010 in Money & Work

Level 31 (50,120 Credits)
Answers (17)
  • Thats $377 dollars a month. You'd have to put a lot down to have a $377/ per month mortage payment.
    UpSheRises

    Answer by UpSheRises at 8:04 PM on Aug. 14, 2010

  • this all depends on what your credit is like and what kind of interest rate you have....the interest rate can really nail you if your credit sux. FYI...our house is $300,000 and our mortgage is $2012 with 5.5% 30-year fix. you need to add in power bills too based on the size of the house. Our power bill is painful being $285 in summer b/c of vaulted ceiling and our water is over $100 b/c of a big yard....all of this matters if you're buying a house. Please make sure to factor in all your bills. it's a mistake a lot of people make and in turn can't afford to make their payments.
    calliesmommie

    Answer by calliesmommie at 8:05 PM on Aug. 14, 2010

  • well 25% of that is $188.75. idk about a mortgage, it would depend on how much the interest rate is on the loan and how much they put down on the house up front.

    princessbeth79

    Answer by princessbeth79 at 8:05 PM on Aug. 14, 2010

  • i think i did this right if not im sry but think u multiply 755 and .25...which comes out to 188.75 as the 25% of 755....other part of ur ? not so sure but hope i helped a lil
    LilStacy

    Answer by LilStacy at 8:06 PM on Aug. 14, 2010

  • Thanks a lot I wonder how much I would have to put down.
    mamaofficer

    Comment by mamaofficer (original poster) at 8:06 PM on Aug. 14, 2010

  • i think OP was asking what's 25% of $755 two times a month, which is $377...you won't get much of a house for that amount. not even an apt, in some areas.
    calliesmommie

    Answer by calliesmommie at 8:08 PM on Aug. 14, 2010

  • If you put the standard 3% down you still won't be anywhere near $377/ month.
    UpSheRises

    Answer by UpSheRises at 8:08 PM on Aug. 14, 2010

  • I had a 110,000 mortgage for 20 years fixed and my principle and interest were 771 a month, plus 100 gas, 100 electric, then you also have phone, garbage, water, sewer, 700 a year in insurance and 3400 a year in property taxes. It starts to really add up. Plus you still have to eat, have clothes...etc.... Think about all of this before you sign anything.
    WoodWitch

    Answer by WoodWitch at 8:09 PM on Aug. 14, 2010

  • Wow, 3% down, who still gives that... most of the banks in my area require 10% down and then there is also private mortgage insurance that could be required if you don't have 20%.
    WoodWitch

    Answer by WoodWitch at 8:11 PM on Aug. 14, 2010

  • Oh, and you have to have stellar credit to get a decent interest rate.
    WoodWitch

    Answer by WoodWitch at 8:12 PM on Aug. 14, 2010

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