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How much is your house payment, and how much is your loan/mortgage for?

Not to be super intrusive (you can always answer anon) but we are just getting in the market for a house and I was wonderign what house payments end up looking like after taxes and insurance and all that...

 
brighteyesbryar

Asked by brighteyesbryar at 11:24 PM on Feb. 12, 2011 in Money & Work

Level 13 (963 Credits)
This question is closed.
Answers (11)
  • We don't own, we're renting and paying 2400 (in Washington which is about what you'll pay for a nice house in the suburbs outside of Bellevue)..when dh owned his home (before it foreclosed, before he and I) he was paying 500is a month, and when he got into a repayment plan, he was paying 850ish a month. I don't think taxes were included in his payment, but I'm not real sure..It was when we were first daring an I didn't pay much attention to it.
    mom_to_kenzie

    Answer by mom_to_kenzie at 11:44 PM on Feb. 12, 2011

  • Our loan is for $185,000 and our payments are $1280 a month.

    toriandgrace

    Answer by toriandgrace at 11:27 PM on Feb. 12, 2011

  • Our payments started out at $1265 with 5% fixed. And got our house for $165.000 with no money down.
    AmyLynn5398

    Answer by AmyLynn5398 at 11:29 PM on Feb. 12, 2011

  • Our house was $225,000. We put down $55,000, making our loan $170,000. It was a 15 year loan so our payments are just shy of $1,500 (I round up when I make my payments). That's P&I, and we pay our taxes yearly so it's not in our payments. We still owe $145,000. Our interest rate was good at the time, but now that it's gone down, we're refinancing to a much lower rate. Our new payments will be less than $1,200, and we will have it paid in 10 years. Less if we just keep paying $1.500 a month like we have been.
    JulieJacobKyle

    Answer by JulieJacobKyle at 11:33 PM on Feb. 12, 2011

  • Our mortgage was for $46,000, our payments are in the $530 neighborhood. Our insurance & taxes are paid through the escrow account linked to it so we don't have to come up with that every year (really nice!).
    Anonymous

    Answer by Anonymous at 11:48 PM on Feb. 12, 2011

  • We bought our current home a little over two years ago for $420,000 with a VA loan in Southern California. It was our 3rd home and a Bank Repo that originally sold in 2004 for $875,000. It has 6 bedrooms and 4 baths 3 car garage. Our payments are $2850 @ a 4.875 interest rate for 30 years.
    Congenial

    Answer by Congenial at 11:58 PM on Feb. 12, 2011

  • our house was purchased for 224,000 if i remember right and our payments are about 1,400 right now.
    macks_mommy

    Answer by macks_mommy at 1:41 AM on Feb. 13, 2011

  • Our house was $230,000 (bought it 15 years ago); we put down $85,000 (savings and sale proceeds from our previous home). Our payments were over $1,000 (strictly principal and interest - we paid homeowner's insurance and real estate taxes separately (why should the mortgage company get benefit of earning interest on my money when I could be doing it) and we were not required to pay mortgage insurance since we had enough equity). We refinanced twice which eventually brought our mortgage down to $750, though we still paid additional principal every month. We are currently mortgage-free; paid it off in less than 10 years.
    Anonymous

    Answer by Anonymous at 7:20 AM on Feb. 13, 2011

  • Anno that's good, that's my goal if I can ever start saving.
    mamaofficer

    Answer by mamaofficer at 9:10 AM on Feb. 13, 2011

  • zero
    san78

    Answer by san78 at 12:08 PM on Feb. 13, 2011

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