Clarification/Follow-up by debip on 04/03/06 12:40 pm:
The scenario - I am age 52, purhase price is $191,400. Amount of cash on hand. Montly income approx $2900; utilities, car insurance, college funds, misc approx 1000. I would like to be in it for at least 5 years, maybe even longer - not sure. But the interest rate for 15 years is great 5.5. I am very conservative, not a risk taker and like not to be strapped for month-to-month. My monthly income is based on productivity, not salary or hourly, so it can fluctuate. Please respond.