Asked by Christie  |  Submitted July 03, 2018

If I put down $10,000 on a $150,000 house, what will my monthly mortgage payment be?

I want to buy a house with my partner in 2020 or rent-to-own one.

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  Answers  |  1

July 04, 2018

There are a number of factors that influence your mortgage payment, including your credit score, loan term, interest rate, total loan amount, and size of your down payment. Before you start the home shopping process, consider getting pre-approved for a mortgage. This will give you a rough idea of the price of home that you can afford.

While you're reading, here is an informative article on the pros and cons of renting-to-own.

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