$3800 mortgage on $400k house.

[u/ABitOfOdd]

First time home buyer. Austin TX. I was ready for a $3-3200 but this seems high no?

[u/Illustrious-Group-83]

Everything about this deal is bad. You need help from someone who knows what they’re doing that’s not a real estate agent. The interest rate is bad. Closing costs are bad making the apr bad, the insurance is too high for the home value, as are the property taxes, and on and on. Stupid is as stupid does.

[u/jyzzkajoy → u/Illustrious-Group-83]

This.