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How much is your mortgage payment?

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Originally posted by: Chaotic42
What the hell are you people doing that you can afford $4K per month for a mortgage? Holy Christ.
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It?s not bad if you are married and have a combined income.
 
$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 .
 
around $850 per month which includes home insurance and county tax. loan was for $120,000 30 year at 5.75%
 
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.
 
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%.
 
$145,000
15 year amortization
5.3%
$1,165 / month
Does not include insurance or property taxes
 
$0 - Paid in Cash but looking to buy another vacation house that I'll prob. need a mortgage for...
 
is this per month?

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

 
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??
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Nope.
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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
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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
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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.
 
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