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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: kacy_in_LA who wrote (62318)5/31/2006 12:52:07 PM
From: loantech  Read Replies (1) | Respond to of 110194
 
600K house. Figure $100.00 for Insurance. $450.00 for taxes. Monthly.

80% 1st = $480,000 at 6.75% IO = $2700.00. 2nd $120,000 at 9.50% 30 year AM = $1009.0

Total = 4259.00 Income at 100K = 8,333 per month. Debt to income = 51.1% Would need an exception to go over 50% but what the hay?