Quote:
Originally Posted by Rick Lee
Oh, no prob. I have that cash laying around. How in the world is the mortgage payment only $2900 on a $695k house? Even with 20% down, it's be way, way higher than that.
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Kinda why I didn't respond earlier, as I knew it would be well over the $350k mark. 1 acre + Scottsdale = $$$. That mortgatge payment is way off too. Even if you did put 20% down (a mere $139k), the payments (PITI) would be closer to $3600/mo. @ 5%.