Here is the situation:
We currently pay $715 in rent plus $350 in bills. Our roommate is moving out so we have the opportunity to either stay and find a new one (which has been very difficult as we have a child), move to a smaller apartment by ourselves (which would cost us about $1,100), or buy a small 3-br house.
My real question is, is it possible to make house payments under $1,000/mo? My husband makes $38,000/yr. We made a budget, and would be able to afford $800 payments. It's possible for us to put down $10,000 down payment. About how much house could we afford, and would it be preferable to our current rental situation?
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