We agree with the contractor that the damages resulting from increased interest rates are consequential damages. Increases in interest rates are not caused by delays in completion of construction contracts.
So you can multiply your current rent by 1.33 to arrive at a rough estimate of a mortgage payment. Hereâs an example: If you currently pay $1,500 per month in rent, you should be able to comfortably afford a $2,000 monthly mortgage payment after factoring in the tax benefits of homeownership.
for most people a house is the biggest purchase they will make in their lives one they will pay off for years even decades to come but spending too much on a house could leave you with little money for other goals in life such as retirement college funds and vacationf you ve decided that home ownership is right for you the next step is deciding how much home you can afford typically most lenders suggest that you spend no more than 28 % of your monthly income on a mortgage try smartmoney s how much house can i afford calculator to find out how much you can afford