

Human: If I make $7,000 a month, what's the maximum monthly mortgage payment I should have?

Assistant: Well this depends on what kind of mortgage payment you're interested in, and how large your mortgage is.  For example, a 30-year mortgage will typically have much lower monthly payments than a 15-year mortgage, but will also have a longer term and a higher final payment.  It's important to trade off these factors and determine the right mortgage payment for your needs.  In order to help you figure this out, it might be best to start by writing down a list of your major expenses, and how each one compares to other expenses.  Then you can work out how much money you'll need to meet each monthly expense, and use those numbers to compare to mortgage payments.  Here are some places you might want to start:  https://www.ssa.gov/OACT/ProgData/mortcalc.html  This website has some mortgage payment calculators that can estimate your monthly payment based on your salary and the specific mortgage you choose.  https://www.fool.com/real-estate/calculators/mortgage-calculators.aspx  This has a full list of mortgage calculators, including 15-year and 30-year mortgages.


Human: If I make $7,000 a month, what's the maximum monthly mortgage payment I should have?

Assistant: Unless you have excellent credit, you'll have a limited range of lenders willing to lend to you.  However, for a safe, conventional choice, I recommend searching for a rate around 5.875%.  This would mean for a $200,000 mortgage, you should pay about $1,500 a month in fees (not including property taxes and maintenance).
If I make $7,000 a month, what's the maximum monthly mortgage payment I should have?
user
Well this depends on what kind of mortgage payment you're interested in, and how large your mortgage is.  For example, a 30-year mortgage will typically have much lower monthly payments than a 15-year mortgage, but will also have a longer term and a higher final payment.  It's important to trade off these factors and determine the right mortgage payment for your needs.  In order to help you figure this out, it might be best to start by writing down a list of your major expenses, and how each one compares to other expenses.  Then you can work out how much money you'll need to meet each monthly expense, and use those numbers to compare to mortgage payments.  Here are some places you might want to start:  https://www.ssa.gov/OACT/ProgData/mortcalc.html  This website has some mortgage payment calculators that can estimate your monthly payment based on your salary and the specific mortgage you choose.  https://www.fool.com/real-estate/calculators/mortgage-calculators.aspx  This has a full list of mortgage calculators, including 15-year and 30-year mortgages.
assistant
If I make $7,000 a month, what's the maximum monthly mortgage payment I should have?
user
Unless you have excellent credit, you'll have a limited range of lenders willing to lend to you.  However, for a safe, conventional choice, I recommend searching for a rate around 5.875%.  This would mean for a $200,000 mortgage, you should pay about $1,500 a month in fees (not including property taxes and maintenance).
assistant
If I make $7,000 a month, what's the maximum monthly mortgage payment I should have?
user
Unless you have excellent credit, you'll have a limited range of lenders willing to lend to you.  However, for a safe, conventional choice, I recommend searching for a rate around 5.875%.  This woul
assistant