Home Savings vs. Mortgages
in Banking, Insurance & Loans ·
My monthly take-home pay sits somewhere between $8,000 and $3000, though reality is a bit more complicated—I’m currently juggling $733 toward my mortgage, which leaves me looking at about 14 installments to clear. On top of that, I have an $800 monthly commitment for some home renovations that will run for 6 months, plus $333 for a car loan spanning the next three years. Now, I'm looking to take out a $25,000 loan. Is that even feasible if I want to keep my monthly payments within the range of $1,500 to $667?