Well, if you are able to purchase a home then interest rates are so very good that choosing to rent because of fear of the real estate market while understandable it still comes down to "you have to live somewhere so why not pick out a location that you like and buy a home".
To figure your payment there is, at current rates, a way to estimate you payment. If the price is $150,000 then you lop off the 3 last zero's and multiply the remaining numbers times 7.5. So 150 times 7.5 equals a payment of $1125.00 per month approximately. Not exact of course but a quick figure. And of course if you put a lot of money down then the payment goes down.
Call me 612 597 1646 and I will figure out the exact number.
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