How much is your mortgage payment?

[MiniDoom]

Originally posted by: Chaotic42
What the hell are you people doing that you can afford $4K per month for a mortgage? Holy Christ.

It?s not bad if you are married and have a combined income.

 

[Kaspian]

$610 a month. Taxes and ins included. @ 7% interest. 30yr loan

 

[squirrel dog]

$0.00 . In my 5th house , made enough of the first four to pay for this one out right . Bought the land(3.3 acres) and built a new 2400 sq' home on it paying cash for both . Land was around 50k in a nice neighborhood in Watson Louisiana and the house was a little under 200k . Housing is(was pre katrina) way cheaper in Louisiana . These prices were 1994 dollars . Thats when I built the home . Wife is a realtor , she pegs it now at around 350K .

 

[franksta]

around $850 per month which includes home insurance and county tax. loan was for $120,000 30 year at 5.75%

 

[weeber]

$1050/month with insurance and property tax in Marietta, GA. Loan was for $150,000 @ 5.875%

 

[Fritzo]

I'm in for $1700/month. No PMI, and we put $40K down.

 

[sdifox]

200K mortgage 5 year fixed 5% almost time to renew

I think my mortgage is 1200, not sure since I am paying a lot more than that a month. ETA for mortgage burning day, 2 years.

PS just straight mortgage, no mortgage insurance.

 

[sdifox]

Originally posted by: Chaotic42
What the hell are you people doing that you can afford $4K per month for a mortgage? Holy Christ.

dual income ftw

 

[TheUnk]

$1800. Hope to drop it down $1650 if I can manage to get rid of the PMI. $230k loan.

 

[nwfsnake]

I timed my refinancing perfectly a couple years ago. Got a 15 year loan at
4.25%, zero points! Woot!

 

[child of wonder]

Right now it's $917 every month but that's because we're paying property taxes on just the lot since the home is a new construction.
Next year I'd estimate our payment will go up to $1,060 per month.

No PMI and I think the interest rate is 5.35%.

 

[D1gger]

$145,000
15 year amortization
5.3%
$1,165 / month
Does not include insurance or property taxes

 

[amdskip]

$485 / month
$113 home owners association fee
plus taxes and insurance
no PMI

 

[JRock]

$0 - Paid in Cash but looking to buy another vacation house that I'll prob. need a mortgage for...

 

[V00DOO]

Too poor to afford mortgage right now

 

[pontifex]

is this per month?

if so, damn! most of you who posted are paying mortgages that cost more than i make in a month...

 

[GrantMeThePower]

should have a second poll for state...makes a big difference

 

[Elbryn]

890/month at 6.75% no insurance/taxes on it.
adding those then its more like 1245 a month
hope to pay the house off in 3-4 years.

 

[KK]

~950 PI 15@5.75

 

[alkemyst]

6.8%, lender paid PMI, no points, actually had my $3k homeowners insurance and a $2500 credit card along with all closing costs paid...no money out of pocket.

Term is 30 years conventional, $265k in principal...payment is $2200. Insurance is $3000 a year (I am in the hurricane belt, I have optional flood I am carrying of $300). My taxes are 2.27% of $240k (with homestead)....my payment will go up next year by about $200 to cover the new assessed value as I just purchased this home a couple months ago.

 

[Nyati13]

$780 a month including insurance and property tax.

30 year fixed.

 

[skrilla]

$1225/month

Includes Mortgage Insurance, Taxes

Doesn't include Homeowner's Insurance or Assoc Fee.

 

[ViviTheMage]

745$ a month

104,000$ ~~ roughly

pmi = 50$ or so...included in mortgage

 

[KMc]

Originally posted by: akshatp

Originally posted by: jdoggg12

Originally posted by: akshatp

Originally posted by: jdoggg12
Dang! Are you guys all on interest only or somethin??

Nope.

4500*120 = 540k

So you're only paying 35k in interest and property taxes over 10 years? I don't understand how you're doing that if your actual loan was 505k

Hmmm you know, you are right. That doesnt make sense.. I just pulled it up online and looked at my year end 2006 tax/interest statement and that alone was over $35k


MORTGAGE 00568xxxxx
Property taxes paid in 2006 $13,481.59
Interest paid in 2006 $23,700.86

And I made a typo above, its actually 5.5% which makes it even worse
http://pics.bbzzdd.com/users/akshatp/mortgage.JPG

You might want to check your mortgage terms again, because these numbers sound more like a 20 year note.

$13,481.59 in taxes is roughly $1123 per month, meaning your principal and interest payment is about $4500-$1123=$3377.

The payment on a $505,000 mortgage @ 5.5% for 20 years is $3,474, which is within $100 bucks of your number. A 10 year note would result in a payment of $5,426.

 

[ultimatebob]

Almost $1,300 a month including property tax and PMI. It's a 30 year for about $160K at 5.5%.