Monthly Housing Payment?

posted 3 years ago in Home
  • poll: How much is your monthly housing payment (if you are owning a house)?
    Under $500 : (10 votes)
    4 %
    Under $1000 : (76 votes)
    29 %
    Under $1500 : (79 votes)
    31 %
    Under $2000 : (51 votes)
    20 %
    Under $2500 : (29 votes)
    11 %
    Under $3000 : (8 votes)
    3 %
    Under $3500 : (1 votes)
    0 %
    Under $4000 : (2 votes)
    1 %
    $4000+ : (3 votes)
    1 %
  • Post # 3
    Member
    1987 posts
    Buzzing bee
    • Wedding: June 2014

    My rent is $1800 for my apt in NJ

    Post # 4
    Member
    731 posts
    Busy bee
    • Wedding: August 2014

    We live around Harrisburg, PA. I voted at what our housing payment would be (about $1200). A lot of people do think that it is cheaper to own than rent because mortgage payments aren’t that high – but the taxes and insurance added in, not to mention PMI that a lot of people have to pay… definitely increases things.

    We’re currently house hunting and that is about what our mortgage would be…which is higher than rent. FI currently rents an apartment further south (where things are a little cheaper) for $575/month which is the lowest possible around here without living in the city.

     

    I’m nervous too, but I’m not really into paying rent…

    Post # 6
    Member
    7664 posts
    Bumble Beekeeper
    • Wedding: July 2013 - UK

    Our mortgage is about £650 a month… so about $975 USD? 

    Renting our house would cost us about £1,200 a month… about $1,800 USD.

    It almost always costs more to rent here, especially since we can’t get mortgages any more.

    Post # 8
    Member
    365 posts
    Helper bee
    • Wedding: September 2013

    Our mortgage, insurance and taxes all together are about $1140 for a 4 bed/2 bath home with two acres on a river. But we looked hard for this property. 🙂

    Post # 9
    Member
    715 posts
    Busy bee
    • Wedding: January 2013

    Our monthly payment is around $1200 escrowed taxes and insurance included. That’s for almost 2 acres of land and about a 6000 sq ft house, in the Midwest.

    Post # 10
    Member
    753 posts
    Busy bee
    • Wedding: December 2014

    Our mortgage, taxes, PMI, and insurance (aka, our total monthly payment!) is $1305 a month. 

    We were paying $675/month for a 624 square foot house- it was tiny– with no fenced yard or garage. For a little less than double, we got a brand new 3 bedroom 2.5 bath, 1500 square foot house of our own! I just checked craigslist, and the house across the street (which is smaller than ours, and has one less bathroom) is renting for $1385. 

    So, renting wouldn’t be much more expensive, but we’re also going to get a ton of money back when we go to do our taxes. You can write off the interest you pay, and because we had an FHA loan with very little down, most of our payments (for a long time yet!) will be going towards interest. 

    Post # 11
    Member
    242 posts
    Helper bee
    • Wedding: March 2014

    Our monthly house payment, insurance and taxes included, is just under $600 for 4br/2bath, brick house on a quarter acre lot. As a comparison, our last rental was nearly $900 for a 2br/2bath shitty townhouse with a leaky roof. It’s ridiculous how much cheaper owning can be in some places. We’re in the midwest, btw.

    Post # 13
    Member
    2419 posts
    Buzzing bee
    • Wedding: May 2013

    Our mortgage is around £200 (just over $300) a month but we’re ancient and have nearly paid it off. If we tried to rent our house it’d cost the best part of £2,000 a month or nearly $3000. As Rachel631 says, now mortgages are so hard to get here, rents are getting astronomical. We also have a relative shortage of affordable property. Some of this down to being a very small country with fairly restrictive planning laws. But I do live in probably the most expensive part of the UK.

    Post # 14
    Member
    410 posts
    Helper bee
    • Wedding: December 2013

    Our mortgage is £800 ish so $1245. 

    Post # 15
    Member
    232 posts
    Helper bee
    • Wedding: May 2014

    Hi!  We just bought our first home in Kentucky and the mortgage isn’t that bad, but everything rolled together went higher than I had expected. We currently pay $999 a month for a three bed two and a half bath with a half acre, but we are lucky to still be able to save $500 a month for our wedding. Good Luck! We just moved in three weeks ago and it is soooo fun, but def expensive! lol

     

     

     

    Post # 16
    Member
    5987 posts
    Bee Keeper
    • Wedding: June 2010

    we pay $1200/month for 15 year mortgage on condo in chicago city proper. I dont know what our actual payment is, we pay more than we have to. I think almost double. we bought a short sale and got the house for 30% of what the previous owners paid for it!!!!! it was fully gutted and remodeled 6 years ago. We have been in the house for 1.5 years. 

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