What is your mortgage payment?

[ARCHIVED THREAD] - What is your mortgage payment?

Posted: 5/15/2002 9:46:04 AM EDT

Mine is 1325. This includes the bit extra to cut payments off the back end. It is manageable even after a pay cut of 25% that I did not count on.

I bought a nice house - mid 80's split level - in a booming area on a full acre with a 15 year note. It is much more house than what I was looking for, but for the extra 15,000 I have much more than a shack on a 1/4 acre. This thing is a big part of my retirement plans package.

Friends choke at a payment like this, but I am adding 455 bucks of equity a month. I will have it paid off by the time I am 46, and I bought it when I was 33.

Posted: 5/15/2002 9:54:04 AM EDT

[#1]

$0.54669 per square foot per month.

Posted: 5/15/2002 10:03:28 AM EDT

[#2]

Quoted:
Mine is 1325.

View Quote

That's cheap to me.

The townhouse I rented in 1990 was $1450 a month, and I'm spending more on a mortgage than that.

Posted: 5/15/2002 10:03:54 AM EDT

[#3]

I am in the process of building a house, so I should find out in August.

Av.

Posted: 5/15/2002 10:49:58 AM EDT

[#4]

$1800

Posted: 5/15/2002 10:55:19 AM EDT

[#5]

1/3 acre, 3 BR, 3 BA, 2-floor in Northern Alabama:

$790/month includes $87/month PMI

Loan is 1 Yr ARM, 30 yr term, currently 5-1/8% rate.

Posted: 5/15/2002 11:01:40 AM EDT

[#6]

$711.89/mo PITI. Just refinanced for 20 years at 7% after paying 10 years on a 30-year at 9%. Took out $17k in equity for upgrades on the house.

The pay in Tucson may suck, but the housing market ain't bad.

Posted: 5/15/2002 11:04:23 AM EDT

[#7]

$2480

Posted: 5/15/2002 11:14:19 AM EDT

[#8]

Which house? I own 5 houses[:D]

Posted: 5/15/2002 11:14:23 AM EDT

[#9]

Too fucking much!

Posted: 5/15/2002 11:27:57 AM EDT

[#10]

$970 (interest only) or $1,214 (P&I). My loan program has the option of paying interest-only, 15yr or 30yr P&I. Because I'll only be here a few years and I already have $40k equity because of the rise in property value, there's no reason to pay down the principal. I'm able to save up quite a bit towards a down payment in another state. Actually, we'll probably keep this house as a rental/intestment property after we move.

Any of you in Northen CA that need a good mortgage broker, contact Todd Savage at [email protected]. Great guy an very pro-2nd.

Posted: 5/15/2002 11:36:27 AM EDT

[#11]

Small 2 bedroom, partial basement, car and a half garage in the city.
$424 a month (includes taxes & insurance)
15 years at 6.5% locked. Gee, only 14 more years and 5 months and it will be all mine. [rolleyes]

Posted: 5/15/2002 11:41:01 AM EDT

[#12]

$490/month - includes property taxes, insurance and PMI. 3BDR, 1 1/2 bath, about 1,500 sqf and built in the mid 70's.

Posted: 5/15/2002 11:48:31 AM EDT

[#13]

Renting a house for $1500 a month + about $250 utils. Looking for another place...

Posted: 5/15/2002 11:51:08 AM EDT

[#14]

1378 total for 2500 sq. ft., 4 br., 2 1/2 bath, two story on about 1/3 acre. We had it built and moved in one year ago last week.

Gary

Posted: 5/15/2002 11:54:44 AM EDT

[#15]

$1012 including taxes & ins. Been in about 2 years and reappraised at $64k over what I bought for....and I'm just starting the improvement projects. I have renters lined up for when I move out of state, too [:)]

Oh yeah 47, aka Todd S. from DVD's post, is a pretty upright guy. Call him if you want to refi or just get a loan to buy a place.

Posted: 5/15/2002 11:54:46 AM EDT

[#16]

Posted: 5/15/2002 12:06:29 PM EDT

[#17]

One of my college roommates moved to Southern California and his mortgage on his condo is over $ 3000 a month ( I think the purchase prices was in the $ 300k range). I went out there and was shocked at how tiny this thing was. It was about the size of the first apartment I had in graduate school. Talk about culture shock. You could buy most of my block for that kind of money.

Posted: 5/15/2002 12:10:43 PM EDT

[#18]

$1600, including P, I, taxes, & Ins. 3BR 2BA on 9 acres with small guest house. I can shoot on the property.

My wife and I LOVE it. We just moved in last month.

[ARCHIVED THREAD] - What is your mortgage payment?

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