I wa putzing around today on Yahoo's How Much House Can You Afford? calculator. Curious, I decided to give it a whirl. I put it my before-tax income, my loan and credit card payments, and $0 down payment. No other expenses were taken into consideration.
The result? I can afford a $-442 mortgage payment and $0 worth of house. That's right, that's a negative mortgage payment. I love mortgages where they pay YOU money every month! How fun! You know what these numbers mean, right? THE GOVERNMENT OWES ME A HOUSE.
2 comments:
You sure you entered that info correctly? I entered my yearly gross by mistake and with a comma and it registered only the first two numbers as my MONTHLY, so I got those negative values. I tried again with a monthly income estimate (for simplicity, I ended it with 000) and then I got a reasonable result.
lol...i'm trying to buy a place now too...it's annoying...
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