Floating Leaf

Heh. I'm afraid I don't know much about interest rates at this point.:) There are various fees involved, including taxes, assessment (which is some sort of maintenance fee, and can include gas and/or heating, for example) and other stuff - but I was told that, for loans up to $50,000, the monthly total of those fees should not exceed $600. Or not by much, anyway. There is also the downpayment (a single-time fee due upon approval of the loan), which would be less than $2,000, and the closing costs (which could be about the same amount) - but it might be possible to avoid the latter, thanks to some government program sponsoring first-time buyers. Or something. I really have a rather vague idea of the whole business right now - once I see an apartment I like, I will be much more interested in all the deails.:)