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| ID: | 273348 | | Title: | A tad bit worried - http://www.mortgagefit.com/firsttimebuyer/closing-payments.html | | Description: | Well I am soon to be closing on my first home and I was informed in a good will estimate from the mortgage company that my mortgage payment including taxes will be $979 a month, the reason why is because my taxes are non-homestead and are fairly high at nearly 4K per year. I was told that the homestead will kick in next year and it will lower my taxes significantly. Anyhow, I currently bring home around $550 a week, after taxes. My current monthly debt, not including the mortgage and utilities would be $700. This includes some spending money and whatnot. Also, my fiance can afford to kick in around $300 a month, plus some help with the utilities and whatnot.
Should I be worried that I wont be able to make my payment? I currently make my rent payment of $720 very easily. Thought? | | Category: | Business and Economy: Mortgage | | Link Owner: | | | Date Added: | January 01, 1970 12:00:00 AM | | Number Hits: | 0 | | |
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