Updated almost 12 years ago on . Most recent reply
Is multiplying the Purchase price by 7 a close....
estimate , as to what ( as an average ), you can expect your Monthly Mortgage payment to be ? I have heard from a Lender, that multiplying the Price at which you are willing to pay for a house by 7 , will give you a close estimate on what you can expect your monthly note to be ( this includes Interest, Taxes and Insurance ) all included in that monthly note ( PITI ) Thanks BP members - Michael