[zippy7676]

afford a $70,000 mortgage? My girlfriend is pushing for me to get a house so her and I can live together. I was told the interest rate would be 3.75%. Is this doable, or should I go for something cheaper? Or should I do it at all? My g/f keeps telling me that interest rates are at an all-time low. This is w/o factoring in utilities, existing debt, and other expenses.I was thinking of dipping into my retirement fund that I have through work and putting down $14,000. The sellers counteroffered after I tried to get the house down to $62,000. They want $71,000 and are not budging but are offering to help with closing costs. I've been employed full-time steadily for 7 years and 3 months. The loan would be for an FHA and would be at a fixed rate. No ARM's. I am not a veteran. The home is in the city, not a rural area. I plan on staying there awhile. I currently have about $7,000 in debt (a line of credit through my bank). My payment for that is around $110 a month. Thanks for all the answers so far. I am admittedly nervous about this since I am a 1st time homebuyer. My salary before taxes is a little over $35,000 a year. I am not a veteran. The home is in the city, not a rural area. I plan on staying there awhile. I currently have about $7,000 in debt (a line of credit through my bank). My payment for that is around $110 a month. Thanks for all the answers so far. I am admittedly nervous about this since I am a 1st time homebuyer. My salary before taxes is a little over $35,000 a year.

[thenibbler77]

without anything else to figure in.... yes on 500 a week take home you should be able to afford that. or at least i could make it work.