What's My Payment?
A General rule of thumb for a Monthly Payment today is $6.00 per Thousand for a 30 years fixed mortgage.
There are numerous forms of financing available, Lenders are competing for Good Loans. New Creative forms of Mortgages are hitting the market daily. Stick with Lenders, in the area, especially if you have an account with them
The Best, most Economical loans are available with a 20% Down Payment, anything less puts you in a different category with a Higher Payment & Higher Closing cost. Do not pass up a home today in an attempt to save up
for a larger Down Payment. You can't save faster then the market value will rise. Buy now & refinance later. as the home goes up in value, soon you will qualify for the 20% ratio via inflation.
SIR can analyze your situation and recommend the best avenue for you to pursue.