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Reply to "am i insane for considering this? 820k mortgage on a 240k income"
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[quote=Anonymous][quote=Anonymous]why is that insane? That's less than $4k/mo. OP is taking home probably nearly 12k/mo, right?[/quote] I have a $725k loan at 1.7 percent, which is obviously very low (it's an ARM). My monthly payment is $2600. Taxes and insurance are another $1100. So I'm at nearly 4k a month for a smaller mortgage and a lower interest rate. So, no, OP will be paying more.[/quote]
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