$3,000/m for $300,000 home

My co-worker with ok credit 745 just told me their mortgage payment will be over $2,400 a month for a home purchase price of $305,000. 100% financing on a VA loan. He could rent in the area for far less. With utilities it will be around $3,000 per month. This is rural NC in an area with 2 out of 10 schools. I don’t see the point.

submitted by /u/Altrarunner
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My co-worker with ok credit 745 just told me their mortgage payment will be over $2,400 a month for a home purchase price of $305,000. 100% financing on a VA loan. He could rent in the area for far less. With utilities it will be around $3,000 per month. This is rural NC in an area with 2 out of 10 schools. I don’t see the point. submitted by /u/Altrarunner [link] [comments]

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