Your $1,100 doesn't just pay for the house; it covers (Principal, Interest, Taxes, and Insurance).
Putting 20% down eliminates the need for PMI, allowing more of your $1,100 to go toward the home's principal. The "Hidden" Costs Breakdown how much house can i buy for 1100 a month
The national average is approximately $163–$202/month . Your $1,100 doesn't just pay for the house;