If your mortgage is $800K, – Piggington's Econo-Almanac

December 2, 2008 at 2:14 PM #310684

Participant

If your mortgage is $800K, wouldn’t your monthly payment (P&I, insurance, etc.) be around $6K? You can probably rent the same house for $3200 or $3500 while you wait for prices to come even lower.