Well,
I'm considering on buying my first house.
I would be getting a mortgage for about $80,000.
Now, I would still be in school in and out for a while, so I was thinking a 30-year fixed would be better and give me more leeway.
Now, $80,000 isn't that big of a number, but around here there are some townhouses about the same price for a 3 bedroom, 2 bathroom townhouse.
With a 30 year fixed the payment would be perhaps around $570ish plus $200 for utilities (power, water, trash and lawn care).
So just curious if a 30-year fixed would be fine, and I could pay extra on the months ahead.
I'll be 100% debt free pretty soon, so I have no other debts to pay.
I'm 23, BTW.
I'm considering on buying my first house.
I would be getting a mortgage for about $80,000.
Now, I would still be in school in and out for a while, so I was thinking a 30-year fixed would be better and give me more leeway.
Now, $80,000 isn't that big of a number, but around here there are some townhouses about the same price for a 3 bedroom, 2 bathroom townhouse.
With a 30 year fixed the payment would be perhaps around $570ish plus $200 for utilities (power, water, trash and lawn care).
So just curious if a 30-year fixed would be fine, and I could pay extra on the months ahead.
I'll be 100% debt free pretty soon, so I have no other debts to pay.
I'm 23, BTW.