Re: buying real estate
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Well loan would be a house loan, 25 yrs is a pretty standard duration right? And interest rate would be the best I can get my hands on.
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Actually most loans are 30 years or 15 years.
If you mortgage $200K at 6% fixed rate (which not that great) for 30 years, your payments will be about $1200.00/month. (that's without counting insurance)
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