I needed to stay in the house while my daughter finished high school, but she has finished so there is no longer a need to stay. I could stay…or go.
I’m not sure of the full amount of the PITI, I only am able to pay the interest only payment (which is the $3600/mo). That comes to about 45% of my gross income. And…I’m not driving a brand new BMW or anything! I’m a single mom and have never gotten one dime of child support. I’m trying to pay for her to be in college now.
I believe the rent for a 3 bedroom house in my area is around $2,200 – $2,400/mo.
