(Closed) What is your monthly mortgage payment with taxes and insurance?

posted 6 years ago in Home
  • poll: What is your monthly mortgage payment with tax and insurance?
    $800-$1200 : (61 votes)
    37 %
    $1300-$1700 : (45 votes)
    27 %
    $1800-$$2200 : (31 votes)
    19 %
    $2300 or more : (28 votes)
    17 %
  • Post # 3
    Member
    7 posts
    Newbee

    I want to pay $1540

    Post # 4
    Member
    1949 posts
    Buzzing bee
    • Wedding: August 2011

    @mishagirls79:  we just moved into our 2100 sq, 4br, 3bath house 3 weeks ago. It was custome built, and with out upgrades we probably paid just under $250,000. Assessed value will likely be around 265-270,000. 

    Our mortgage rate is 3.09% and we had 12% Down. Our payment is $471/bi weekly, so less Han $1000/month

    Post # 5
    Member
    4495 posts
    Honey bee
    • Wedding: October 2013

    We only put 3% down on our house. We were prepared to do 12%, but opted to keep that for savings. Bought the house in Feb 2012 for $185,000, 2400 sq ft, updated kitchen, fully finished basement. 3 bedrooms, 2 baths. Built in the 1940s. On 1.5 acres. Our mortgage is $1400.

     

    Post # 7
    Member
    741 posts
    Busy bee

    Ummm, I guess I need to move out of SF and buy! Informative thread.

     

    Post # 8
    Member
    2622 posts
    Sugar bee
    • Wedding: November 1999

    the houses we are looking at will put us between 2400 – 2800 most likely everything included. trying not to go over that so we can afford to live on one salary if need be.

    Post # 9
    Member
    1441 posts
    Bumble bee
    • Wedding: May 2014 - Paradise Gardens

    I’ll better know in approx 3-5 days when we get our updated GFE. The current one says around $1500.

    Post # 10
    Member
    1949 posts
    Buzzing bee
    • Wedding: August 2011

    @mishagirls79:  yes, I’m super pumped about our rate. My apologies though, I forgot to include taxes, as they aren’t rolled into our mortgage. I’m expecting around another $250/mth for taxes. So that’s just over $1200/mth

    Post # 11
    Member
    1975 posts
    Buzzing bee
    • Wedding: November 2013

    Im way too lazy to do the math. We pay $335 a week and insurance is $55 a month. $220000 was what we borrowed

    Post # 12
    Member
    4284 posts
    Honey bee
    • Wedding: June 2012

    We are living in the first home I purchased at 21. It’s a 2 bdrm, 1 bath, full unfinished basement, 1100 sq ft. TINY lot. It was built in 1879! With taxes and insurance our mortgage is only $440. BUT starting next month it’s going on the market and we will begin the search for our forever home 🙂 Congrats on your first home purchase 🙂

    Post # 13
    Member
    5423 posts
    Bee Keeper
    • Wedding: November 2012

    @mishagirls79:  our mortgages are less than $50 difference.  My house is only 1200sqft tho.

    Post # 14
    Member
    972 posts
    Busy bee

    Ours is about 2300 a month with everything 🙁 the joys of living in CT.. 2000 sq feet, built in the 1970’s. bought for about 350k

    Post # 15
    Member
    4056 posts
    Honey bee
    • Wedding: August 2013

    my condo is 1200 square feet, 2br/2ba and is $1500.

    where I live with Fiance is an attached house (fancy townhouse), 4 levels, 3 bd/2.5ba with a loft. It’s around $2800.

    We live in a suburn of DC so everything is CRAZY expensive

    Post # 16
    Member
    900 posts
    Busy bee
    • Wedding: November 2011

    We haven’t bought yet, but where we live in NYC area, a very small two bedroom condo with parking could be anywhere from $580,000-$700,000 (obviously, it could be more, but that would be in a fancier building with a doorman, more amenities, etc.).  Then, taxes might be anywhere from $8,000-$13,000 a year, and monthly fees for the condo are anywhere from $350-$700 a month (that includes the parking, which is never free here….gym if there is one, building insurance and maintenance, etc.).

     

    So with a 20% downpayment of $150,000-$200,000, your monthly payment with tax and building maintenance fees would be from $2900 on the lowest end to $4000 on the high end.  For a 2 bedroom, 1100-1250 sq foot place.

     

    Yup, talk about expensive!

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