I am just looking and I found a condo in Gilbert, AZ for $165,000 that I am interested in.

I was just wondering what the average mortgage payment for a property of that amount is. I do not have $$$ for a substantial down payment but I am a first time buyer and I know they do get some breaks.

I tried the online calculators but I don’t know what the taxes and interest rates are so I couldn’t fill it out…please don’t just direct me back to one of those sites.

Does anyone know what kind of mortgage payment I’d be looking at???
Am I correct that first time buyers get a percentage of the price towards a down payment? If so, that amount would be my down payment (x% of 165000 = down payment).

I have good credit. I do not know the interest rate…that is why I was asking!! (jeeze!!!!!!!!) I guess a 30 year mortgage. I don’t really know that much about fixed and adjustable, I think fixed sounds better in the long run. I know I don’t want “balloon”!

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