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Open Question: I don't understand mortgages...What can I afford?

Open Question: I don't understand mortgages...What can I afford?

This is a discussion on Open Question: I don't understand mortgages...What can I afford? within the Mortgage Calculator forums, part of the Mortgage and Loans Forum category; The mortgage calculators...I put in a number and percentage and it adds another 100 or so thousand to the total....Like ...

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06-25-2008, 12:02 PM

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Open Question: I don't understand mortgages...What can I afford?

The mortgage calculators...I put in a number and percentage and it adds another 100 or so thousand to the total....Like 2000 a month for a house that costs 200k? I am so confused...Is this how it works or do these calculators just blow? Obviously the interest would be on the balance left each year, no?

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