Quote:
Originally Posted by V
Can you substantiate this with anything?
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Off the top of my head at 4% interest, $350,000, 35 years is about what just over $1500/month?
The same $1500/month at 4% for 25 years can cover something like . . . $300,000?
Not sure, math might be wrong.
EDIT: I'm picking some pretty rough round numbers. I guess you can do some sensitivities for various interest rates and "average" house prices to see what an equivalent monthly payment could cover for the borrowing portion of the house cost.