by marsmet461
Question by jennifer: what is the average mortgage payment for a 0,000 house bought this year with bad credit?
I'm not sure how to figure out the monthly payments and I'm curious as to an estimate? This is assuming 5% down with a loan for the full amount of the house
Best answer:
Answer by GeniWithout a substantial (around 20 or 25% or more) down payment, you're looking at a payment of way into the thousands - perhaps 3 to 5 K . 5% is a very bad idea - and you are
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