That's a pretty big monthly nut. Didn't you just buy that place a few months ago?
Yes, actually we closed in late November, the place was offered to me by my landlord, I had already lived in it for 4 years, it's 2 units, upper and lower, my landlords lived in the top unit. They asked me first before they put it on the market, since I never was late with rent, at times payed a few months in advance they figured I would have been a good buyer. My credit was flawed from my divorce, but pretty much cleaned it up, they applied a portion of my rents for the past 4 years to my down payment and I came up with more, that brought my payment within 30% of my income to qualify, even though it's a big payment, it's within my income qualifications and really not that bad for what I got.
We are going to remodel and rent the other unit out, that will cut may payment almost in half.