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Real Estate
Reply to "If your HHI is around 200K annually, where in MoCo do you live? "
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[quote=Anonymous][quote=Anonymous][quote]OP again: We will have about 100,000 in down payment. I was using a mortgage calculator online and it shows that I would have a $3300 payment for a $600K home with $100K down. (5%) Maybe that's not accurate..?[/quote] Is 5% the interest rate in the calculator? That's not accurate unless your credit scores are very low. Try 4% to be conservative but right now you can get 3.625% or 3.75%.[/quote] ahh! it was the default rate in the calculator. We actually have excellent credit. Maybe things are looking up! To the PP who mentioned Rockville and Richard Montgomery - that is definitely a neighborhood that we're considering! [/quote]
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