How low of a payment can I get for a 115,000 house?
367791
depends on your credit down payment, length of mortgage 10, 15, 30 years, and tax in your area
101858
Average down payment is 10%-20%. However there are some cities that have programs that will cover your down payment.
214213
That depends on the rest of your personal finances. Personally when renting I wouldn't (or should I say didn't) go above $650. That income, why rent at all? Believe it or not our morrtgage is less than what we were renting our townhouse for. Look into both options and decide what is best for your lifestyle.
583352
If you have less than a certain amount to put forth as a downpayment, you can get a reduced rate loan from the feds for your downpayment as a first time home buyer.  That won't help you in SF or NYC, where the downpayments are so enormous that the loan won't cover it, but is really helpful in lower priced real estate areas.  Your loan officer should be able to point you in the right direction.\n\nYou asked this question in the Internet section of Yahoo! Answers.  I would try posting this in the Real Estate section.  You've got computer geeks (such as myself) seeing your question here.  Over there you'll have Real Estate, HUD and Loan Officer guru types noticing your question.\n\nGood luck!
189267
I would suggest 20% of the selling price. You must also think about the extra fees, such as taxes, title insurance, lending fees, closing cost, etc. that will add up quickly, and is usually expected out-of-pocket at the time of purchase. \n\nIf you are a first time homebuyer there are programs out there that will deviate some of those fees, but then if you don't have 20% down you will have to pay mortgage insurance, and from asking around I've noticed it's an average of $100 on top of your monthly mortgage. \n\nHope this helps, I am a first time homebuyer and have been investigating this a lot!!! Good luck!!
872551
That's a pretty broad question, there.  Generally, you can get a lower rate, which will lower your payment.  However, even if you don't get a lower rate, you can still lower your payment by having your loan reset to 30 years.  There's a lot of factors involved, but if you want straight answers to your questions, email me.
595964
It will really depend on your area. There are some cities that "gift" up to $100,000 toward the purchase of a home. What area are you in?
1022515
Well, that depends on where the balance of $164,900 is coming from.   Is your down payment $90k or is your loan amount $90k?  \n\nRegardless, do a search on loan amortization tables.  You can put in the loan amount, term and interest rate, it will give you the monthy payment.  There are a ton out there (may even be one in Yahoo Real Estate section).
978053
it may be zero down payment from you, but you need to obtain financing for the mortgage of the house.  I would check with your bank to see if you would qualify for the loan.
353815
There is a house for sale at 507 E 7TH ST in Erie for less than $15,000. You could get a 100% loan with a payment of about $100/month. I would try calling the agent to see if the seller would be interested in some kind of creative financing. You may be able to trade labor for a reduction in price. I have nothing to do with this listing, I found it on Realtor.com, but here is the phone number of the agency it is listed with 814-459-3887. They may be able to help. Good luck!
484925
That's pretty low.  They maybe will if you have a big down payment and agree to a huge interest rate.
925821
First, get out of that ARM!!!!\nYou can get fixed 30 yrs at or below 6.75% right now.  Yes, that's higher than what you're paying right now, but lower than what you'll re-fi at in two years when you really will be hurting.\n\nIf you're in San Antonio, then you've noticed that we had a wave of investors come in.  This did two things.  1 - Drove prices of newer homes up pretty quickly.  2 - Drove prices of rentals down quickly.\n\nYour mortgage is $1,400 and it could rent for $1,000.  You're probably correct.  This price range is for buying and living in, not for owning as an investment.\n\n"Money makers" more often than not, come in neighborhoods that you'd rather not put your family into.
1082974
My husband and I were truly blessed we we bought our home. There is a program called Ameridream and if you are a first time homebuyer or a minority, the government will cover your downpayment. No gimmicks or paypacks. It was awesome. We saved 5k on the downpayment. We got an interest rate of like 6% and if we did a 80/20 the rate would have been 7.5%.
1018435
The interest rate on the house is low.  I would not be in a rush to pay off the cheap loan that you are able to write off the interest payments on your tax return.  It sounds like you have already established a great plan.  Stick to it and your future will be solid.\nFor additional info on 529s - http://www.529s.com
240980
You should look under the HUD in the web for Federal Housing Administration forclosure sales. Lots of homes there are discounted by 15% to public servants. This could save you 50% of your down payment and get you a great deal on a house.
1018450
There are now 40 yr and 50 amortization programs available and interest only programs.  So a person can afford the home they are wanting....If you purchase a home, you can go 100 percent of the selling price (depends on credit) and if your credit is 560 or higher you will have no problem.  The 40 / 50 or interest only will lower your payment.  You did not mentionn where you are located in (state), check out my website and if I can be of assistance, let me know - Good Luck.
634179
Never offer the full asking price. I would start out offering 10,000 less than they are asking. They'll probably negotiate with you till you come to a happy medium. Happy house buying!